Progress Report - 3D Seismic Programme
Perth, June 8, 2012 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) advises that its Surprise 3D seismic programme has now received the necessary government regulatory and environmental approvals. The programme of approximately 82 sq kms is located over the Surprise structure in EP115 in the Northern Territory.
The ground preparation work is expected to begin early next week. The seismic crew and equipment are being mobilised into the location using the all weather short cut road into the area which Central built for its exploration and appraisal operations.
The start of data recording will likely be close to the beginning of July 2012.
About Central Petroleum Limited
Central 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.
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