Mereenie Drilling Update
Brisbane, June 7, 2018 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) ("Company" or "Central") as operator of the Mereenie Joint Venture announces that conductors and surface casing were successfully run and cemented to a depth of 544.8 metres in the West Mereenie 26 (WM26) well.
At 09:00 hours (NT time) today, the well reached a measured depth of 916 metres MD and is directionally drilling ahead. It has another 518 metres to go before it reaches the target Stairway Sandstone. The 6 1/8" under balanced air and mist drilling of the Stairway horizontal hole section will commence immediately after this point.
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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