Mereenie WM26 Spuds
Brisbane, May 23, 2018 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) ("Company" or "Central"), as Operator of the Mereenie Joint Venture (Central 50%/Macquarie Mereenie Pty Ltd 50%), announces that the West Mereenie 26 ("WM26") well spudded last night at 8:15pm AEST.
The well is being drilled by Ensign Australia Pty Ltd using its Ensign 932 Drilling Rig.
The well aims to access the known gas that exists in the Stairway formation which overlies the present producing zones in the Mereenie Oil & Gas Field. It is designed to take advantage of the naturally fractured sandstone.
The WM26 drilling program anticipates a 36 day drilling timeline to reach a total depth of 2,915 metres MD (measure depth) with a vertical depth of 1,242 metres TVD (total vertical depth) and a horizontal reservoir section of up to 1,481 metres.
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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