Mt Kitty Exploration Well Re-entry Commences
Brisbane, Aug 27, 2014 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) (CPTLF:OTCMKTS) (Central) has been advised by Santos (ASX:STO), the Operator of Amadeus Basin permit EP 125, that it plans to commence re-entry works to complete the evaluation (including logging) of the Mt Kitty 1 exploration well and plug and suspend the well to enable future use of the wellbore.
Following completion of these re-entry operations, the forward plan of the Joint Venture is to undertake a resource estimation and economics study and plan any future work program for the permit.
Santos has indicated, at a minimum, approximately 200km of the 1,300km Stage 2 2D seismic for the Southern Amadeus farmin (see ASX Announcement dated 31 July 2014) will be acquired in EP125 in which Mt Kitty is situated.
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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