09:41 AEST Dec 22, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.
Perth, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) advises shareholders that a window has been successfully milled in the 7' casing and the angle building section of the well is proceeding. It is anticipated that the horizontal section will commence by Friday 23 December 2011 and be completed as a barefoot horizontal completion (uncased horizontal section) ready for evaluation by the end of the first week in January 2012.
Analysis by independent consultants of oil samples recovered from gas cut drilling mud over the shale shakers during circulation between logging operations has concluded that the oil is consistent with a marine source, possibly a Horn Valley Siltstone Source and is unlikely to be distillate product contamination (i.e. a refined oil product added to the drilling mud).
The Northern Territory Department of Resources has renamed the Surprise-1 well as 'Surprise-1 Re-entry H'.
Further updates will be provided when any significant information becomes available.
Any results or conclusions reported are based on preliminary analysis and data and may be subject to change as more data becomes available.
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.
Source:
Central Petroleum Limited
Contact:
John Heugh Central Petroleum Limited T: +618-9474-1444 F: +618-9474-1555 http://www.centralpetroleum.com.au
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