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 requests trading halt pending results from Johnstone West-1 well
Tuesday, September 07, 2010
Perth-based oil explorer Central Petroleum (ASX: CTP) has requested a trading halt for its shares until Thursday 9th September pending further evaluation and announcement of results from the Johnstone West-1 wildcat well.
Yesterday, CTP encountered significant oil shows in the Johnstone West-1 well from the interpreted Ordovician Larapinta Group over a 22m gross interval of 1387m-1409m RKB.
Up to 40% oil fluorescence was recorded in samples from an interbedded siltstone/sandstone sequence sealed by a competent silty shale unit about 70 m thick overlying the oil shows.
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