Mobilises Drill Rig for Mt Kitty to Commence Operations in March
Brisbane, Mar 20, 2014 AEST (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (CPTLF:OTCMKTS) ("Company") has been advised by Santos, as the Operator of EP125 (Northern Territory), that the Ensign 918 rig has mobilised and is anticipated to recommence drilling operations at the Mt Kitty-1 well location in the Amadeus Basin on around 24 March 2014.
As previously advised to the market the top hole of this exploration well was drilled with a shallow capacity rig to a depth of around 785m KB. Planned total depth of the well is around 1,550m subsea (2,030m KB).
The Company will advise the market of any well results of a material nature.
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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