08:28 AEST June 19, 2012 ABN Newswire (C) 2004-2012 Asia Business News PL. All Rights Reserved.
Sydney, Australia (ABN Newswire) -
Central Petroleum Ltd (ASX:CTP) advises that the Northern Territory Department of Resources ('DOR') has approved the Company's Extended Production Test ('EPT') to be carried out at the Surprise-1 Re-entry H ST1 well. The approval is granted for an initial 3 month period which may be extended upon a successful application being made to the DOR.
This approval now concludes the required regulatory approvals for the Company to commence the EPT. A Crude Oil Sale and Purchase Agreement and a Transport Agreement are close to being finalised.
About Central Petroleum Limited:
Central Petroleum (ASX:CTP) is an ASX listed junior exploration and production company operating what is regarded as the biggest package of prospective acreage in Australia.
Contact:
Central Petroleum Limited
T: +618-9474-1444
F: +618-9474-1555
WWW:
www.centralpetroleum.com.au
