Market Update on the Mt Kitty, Southern Georgina JV and Mereenie Projects
Brisbane, Sep 1, 2014 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) provides a market update in relation to the Mt Kitty, Southern Georgina Joint Venture and NW Mereenie projects.
Mt Kitty
Santos as operator of the Southern Amadeus joint Venture advises that wireline logging at Mt Kitty will commence tomorrow. Central is pleased that the MT Kitty discovery will be further evaluated during this operation.
Southern Georgina Joint Venture
In order to ensure that the 2 well programme is completed before the wet season arrives the rig will be moved to Gaudi 1 location and should spud towards the middle of this month and work at Whitely will be suspended pending the arrival of a liner to solve hole problems at Whiteley and completion of Gaudi 1.
NW Mereenie
Santos has advised that it does not intend to proceed to Stage 2 of the NW Mereenie portion of the Santos farm in but instead concentrate on the Southern Amadeus and Mt Kitty.
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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