Oil begins to flow from Surprise 1 REH ST1
Sydney, June 21, 2012 AEST (ABN Newswire) - Central Petroleum Ltd (
ASX:CTP) (PINK:CPTLF) advises that it has begun flowing the Surprise 1 REH ST1 well. The initial production rate will be determined by the Extended Production Test program protocols. Logistics for transport have been coordinated which will allow the first load of oil to reach market at or about the end of next week.
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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