Application for Production Licence and Seismic Update
Perth, Aug 6, 2012 AEST (ABN Newswire) - Central Petroleum Ltd (
ASX:CTP) advises that it has submitted an application letter to the Northern Territory Department of Resources (NTDOR) for a Production Licence (PL) around the Surprise 1REH ST1 discovery well. Given the results of the Extended Production Test to date, the Company believes it has enough data to justify the application for a PL.
3D seismic data acquisition over the Surprise structure in EP-115 and the 2D seismic across the Pellinor play in EP-97 is 100% complete. The processing of the 3D is 50% complete and the 2D has been initiated.
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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