Palm Valley Drilling - PV13 Update
Brisbane, Sep 11, 2018 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) ("Company" or "Central"), as Operator and 100% owner of Palm Valley Gas Field, announces that the Palm Valley 13 well ("PV13"), as of 07:36 hours (NT time), today reached 1,119 metres MD (measure depth), 9 5/8" casing run and cemented in place with full cement returns to surface.
PV13 is targeting a total depth of 3,471 metres MD with a vertical depth of 2,100 metres TVD (true vertical depth) and a near horizontal (84.9 Degrees) reservoir section of up to 1,570 metres MD.
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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