Central Petroleum
Full Central Petroleum profile here
Central Petroleum (ASX: CTP) holds an extensive package of prospective acreage of over 270,000 km2 in central Australia, which is predominately in the Pedirka Basin, along with 25,000 km2 in the Southern Georgina Basin.
Apart from conventional gas potential, the company has had independent estimates of over 10,000 trillion cubic feet in UCG "syngas" prospective recoverable resources.
Central Petroleum reports on CBM 93-002 drilling
Wednesday, June 09, 2010
Central Petroleum Limited (ASX: CTP) has reported that the company's coal seam gas and coal exploration well CBM 93-002 reached a Total Depth (TD) of 1,044m RT on 7 June 2010.
The well intersected a cumulative thickness of coal in seams over 1m in thickness of just over 110m (inclusive of a number of coal seams individually up to over 10m in thickness). Electric logging has been completed and the well is in the process of being plugged and abandoned.
The well is the final well in the five well 2009/10 programme of Coal Seam Gas (CSG) wells by Central subsidiary Merlin Energy Pty Ltd but further stratigraphic drilling for coal is under consideration by Central subsidiary, Merlin Coal Pty Ltd.
Central is Operator and holds a 70% interest in EP 93, through wholly-owned subsidiary Merlin Energy Pty Ltd.
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