Central Petroleum Limited Stock Market Press Releases and Company Profile
Central Petroleum Seismic Contract Awarded
Central Petroleum Seismic Contract Awarded

Perth, April 20, 2012 AEST (ABN Newswire) - Central Petroleum Limited (googlechartASX:CTP) advises that Terrex Seismic has been awarded the contract to acquire 82 km2 of 3D seismic data over the Surprise structure in EP-115 in the Amadeus Basin, Northern Territory.

An additional 60 km of 2D seismic data is planned to be acquired in close proximity to the 3D grid to further define one structure similar to the salt diapir-induced anticline at Surprise.

An additional 132 km of 2D seismic data is planned to be acquired in the northern Pedirka Basin to confirm the Pellinor lead that involves a Warburton Basin play associated with interpreted carbonate reefal facies.

Line clearing at the Surprise location is scheduled to start in mid-April 2012, seismic acquisition in mid-May 2012 and processing of the 3D is expected to be completed by early August 2012.


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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