Mereenie WM26 Spuds
Mereenie WM26 Spuds
Brisbane, May 23, 2018 AEST (ABN Newswire) - Central Petroleum Limited (ASX:CTP) ("Company" or "Central"), as Operator of the Mereenie Joint Venture (Central 50%/Macquarie Mereenie Pty Ltd 50%), announces that the West Mereenie 26 ("WM26") well spudded last night at 8:15pm AEST.

The well is being drilled by Ensign Australia Pty Ltd using its Ensign 932 Drilling Rig.

The well aims to access the known gas that exists in the Stairway formation which overlies the present producing zones in the Mereenie Oil & Gas Field. It is designed to take advantage of the naturally fractured sandstone.

The WM26 drilling program anticipates a 36 day drilling timeline to reach a total depth of 2,915 metres MD (measure depth) with a vertical depth of 1,242 metres TVD (total vertical depth) and a horizontal reservoir section of up to 1,481 metres.

About Central Petroleum Limited

Central Petroleum LimitedCentral Petroleum Limited (ASX:CTP) is an oil and gas explorer and producer listed on the Australian Securities Exchange focused on supplying the domestic gas market. Central is advancing several separate projects across what is regarded as the biggest package of proven and prospective oil and gas acreage across central Australia. This spread of assets gives Central multiple options for growth and development. 88% of this land being gas prone has led to the Company's focus on becoming a major domestic gas producer.



Central Petroleum Limited
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