Dukas-1 Drilling Update
Brisbane, July 5, 2019 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) (C9J:FRA) (CPTLF:OTCMKTS) as Joint Venture and non-operated partner (farming down to 30% after completion of Dukas 1) of EP112 in the Northern Territory, announces that the Dukas 1 exploration well has drilled to 3,515m measured depth in the Gillen Formation. A suite of wireline logs are currently being run with an 8-5/8" intermediate casing liner to be set and cemented once the logging runs are completed.
Forward plan will be to drill out the shoe track and perform a leak off test, then drill ahead to the target Heavitree Formation. Estimated timeframe to reach the Heavitree Formation without any drilling related issues is up to two weeks due to the potential thickening of the Lower Gillen Formation. The basement below the Heavitree Formation is a secondary target and is planned to be evaluated as well.
Dukas 1 is an exploration well aiming to assess the regional sub-salt play at the Dukas structure in EP112 in the Amadeus Basin which could be a multi-TCF discovery under a success scenario.
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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