Market Update on the Mt Kitty, Southern Georgina JV and Mereenie Projects
Brisbane, Sep 1, 2014 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) provides a market update in relation to the Mt Kitty, Southern Georgina Joint Venture and NW Mereenie projects.
Mt Kitty
Santos as operator of the Southern Amadeus joint Venture advises that wireline logging at Mt Kitty will commence tomorrow. Central is pleased that the MT Kitty discovery will be further evaluated during this operation.
Southern Georgina Joint Venture
In order to ensure that the 2 well programme is completed before the wet season arrives the rig will be moved to Gaudi 1 location and should spud towards the middle of this month and work at Whitely will be suspended pending the arrival of a liner to solve hole problems at Whiteley and completion of Gaudi 1.
NW Mereenie
Santos has advised that it does not intend to proceed to Stage 2 of the NW Mereenie portion of the Santos farm in but instead concentrate on the Southern Amadeus and Mt Kitty.
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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