Surprise Extended Production Test Update
Sydney, June 19, 2012 AEST (ABN Newswire) - Central Petroleum Ltd (
ASX:CTP) advises that the Northern Territory Department of Resources ("DOR") has approved the Company's Extended Production Test ("EPT") to be carried out at the Surprise-1 Re-entry H ST1 well. The approval is granted for an initial 3 month period which may be extended upon a successful application being made to the DOR.
This approval now concludes the required regulatory approvals for the Company to commence the EPT. A Crude Oil Sale and Purchase Agreement and a Transport Agreement are close to being finalised.
About Central Petroleum Limited
Central Petroleum Limited (
ASX:CTP) is an established ASX-listed Australian oil and gas producer (ASX:CTP) with exploration and appraisal permits in the Northern Territory (NT). Central has grown to become the largest onshore gas operator in the NT, supplying residential and industrial customers in the NT and wider Australian east coast market.
Central is seeking to become a major domestic energy supplier, in addition to helium and naturally occurring hydrogen, with exploration, appraisal and development plans across 169,112 km2 of tenements the NT, including some of Australia's largest known onshore conventional gas prospects in the Amadeus Basin.
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