Central Petroleum Limited Stock Market Press Releases and Company Profile
Central Petroleum Limited (ASX:CTP) Appoints New Chief Operating Officer and Updates Surprise-1 ST1 Re-Entry
Central Petroleum Limited (ASX:CTP) Appoints New Chief Operating Officer and Updates Surprise-1 ST1 Re-Entry

Perth, Nov 16, 2011 AEST (ABN Newswire) - Central Petroleum Limited (googlechartASX:CTP) ("Central" or the "Company") has pleasure in announcing that Mr Dalton Hallgren has been appointed as Chief Operating Officer, effective on visa requirements being met, to replace Al Thorsen in this role. Mr Thorsen has had to return to Canada due to personal family issues.

Mr Hallgren is a well qualified manager and drilling engineer, having worked extensively, inter alia, in the Marcellus, Bakken, Haynesville and Barnett shale gas and shale oil plays in the USA. He had managed the drilling of numerous horizontal multi-stage fracced wells in such plays for companies such as Halliburton Project Management, Burlington Resources, Headington Oil, St Mary, Peak, Encana, Hess, Marathon and Conoco. He also saw military service in special operations with the US Army, retiring with the rank of Captain and has extensive experience with remote desert operations both in this role as well as in oilfield operations. He has also worked extensively on international well control assignments as a specialised well control engineer with Boots and Coots.

It is planned to re-enter Surprise-1 ST1 tomorrow, Wednesday the 16th November 2011. The Surprise-1 re-entry is the first of this current liquids focussed drilling programme on Central's acreage position including Madigan or Simpson East and Mt Kitty.

The Company plans to complete the drilling and testing of Surprise-1 ST1 by about mid December 2011.

For the complete Central Petroleum announcement including maps, please view the following link:
http://media.abnnewswire.net/media/en/docs/70581-ASX-CTP-566672.pdf


About Central Petroleum Limited

Central Petroleum LimitedCentral Petroleum Limited (ASX:CTP) is a well-established, and emerging ASX-listed Australian oil and gas producer. In our short history, Central has grown to become the largest onshore gas producer in the Northern Territory (NT), supplying industrial customers and senior gas distributors in NT and the wider Australian east coast market.

Central is positioned to become a significant domestic energy supplier, with exploration and development plans across 180,000 km2 of tenements in Queensland and the Northern Territory, including some of Australia's largest known onshore conventional gas prospects. Central has also completed an MoU with Australian Gas Infrastructure Group (AGIG) to progress the proposed Amadeus to Moomba Gas Pipeline to a Final Investment Decision.

We are also seeking to develop the Range gas project, a new gas field located among proven CSG fields in the Surat Basin, Queensland with 135 PJ (net to Central) of development-pending 2C contingent resource.

abnnewswire.com 


Contact

Investor and Media Inquiries:
Greg Bourke: +61-478-318-702
Sarah Morgan: +61-421-664-969



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