WM26 Drilling Update
Brisbane, June 28, 2018 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) announces drilling continues without incident and is currently at 2274m MD, with another 700m to go. Logs will be run from 2360m MD to evaluate completion options in the Lower Stairway 2.
Background gas continues to increase as more air drilled horizontal open hole becomes available. Natural permeability is low and further work may need to be considered to complete WM26.
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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