Dukas-1 Well Spuds
Brisbane, April 16, 2019 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) ("Central") advises that the Operator (Santos) of EP112 Joint Operations has notified that the Dukas-1 well spudded today at 7.45am AEST.
Central is being free carried for all costs associated with the Dukas-1 well, including mobilisation, drilling, testing and completion as part of the farm-in obligation from Santos QNT Pty Ltd to EP112, Northern Territory. Ensign Australia Pty Ltd is drilling the well using Ensign 965 Drilling Rig.
On the completion of the well as required by the Farmout Agreement, Central will retain a 30% interest in EP112 with Santos holding 70%.
The well aims to assess the regional sub-salt play at the Dukas structure. Previous drilling at Magee-1 and Mt Kitty-1 have demonstrated a working hydrocarbon system, and also exhibited potentially value-adding levels of elemental Helium and Hydrogen.
The Dukas-1 drilling program anticipates reaching a total depth of ~3,600 metres MD (measured depth).
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.
| ||
|
