Mereenie WM26 Drilling Update
Brisbane, July 6, 2018 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) ("Company" or "Central"), as operator of the Mereenie Joint Venture, advises that the 6 1/8" hole of the West Mereenie 26 well was drilled horizontally from 1495 meters measured depth through to 2388 meters measured depth. This equates to a horizontal lateral length of 893 meters through the Lower Stairway 2 formation.
The well was then logged and is currently being suspended and made secure. The logs will be analysed in light of the gas shows experienced in West Mereenie 26.
The rig will be released from West Mereenie 26 by the 7th of July 2018.
About Central Petroleum Limited
Central Petroleum Limited (
ASX:CTP) is an established ASX-listed Australian oil and gas producer (ASX:CTP) with exploration and appraisal permits in the Northern Territory (NT). Central has grown to become the largest onshore gas operator in the NT, supplying residential and industrial customers in the NT and wider Australian east coast market.
Central is seeking to become a major domestic energy supplier, in addition to helium and naturally occurring hydrogen, with exploration, appraisal and development plans across 169,112 km2 of tenements the NT, including some of Australia's largest known onshore conventional gas prospects in the Amadeus Basin.
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