Brisbane - Central Petroleum Ltd. (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 Ltd. (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.
Contact:
Central Petroleum Ltd. T: +61-7-3181-3800 F: +61-7-3181-3855 E: info@centralpetroleum.com.au www.centralpetroleum.com.au
Media Enquiries Martin Debelle at Citadel-MAGNUS T: +61-2-8234-0100 M: +61-409-911-189
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Brisbane - Central Petroleum Ltd. (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.
