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 provides update on Johnstone West-1 well
Thursday, August 26, 2010
Central Petroleum (ASX: CTP) has reported on progress at the Johnstone West-1 (EP115) wildcat oil well.
The company said a 9 5/8” casing has been successfully cemented in place at 513 metres in the Parkes Siltstone and it is expected the well will drill ahead in the first target zone, the Mereenie Sandstone after completing a Formation Integrity Test by Friday 27 August 2010.
Central is Operator and holds a 90% interest in EP 115, through wholly-owned subsidiary Frontier Oil and Gas.
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