Brisbane, Australia - Central Petroleum Ltd. (ASX:CTP) (FRA:C9J) (OTCMKTS:CPTLF) as Joint Venture and non-operated partner (farming down to 30% after completion of Dukas 1) of EP112 in the Northern Territory, announces that the Dukas 1 exploration well has drilled to 3,515m measured depth in the Gillen Formation. A suite of wireline logs are currently being run with an 8-5/8" intermediate casing liner to be set and cemented once the logging runs are completed.
Forward plan will be to drill out the shoe track and perform a leak off test, then drill ahead to the target Heavitree Formation. Estimated timeframe to reach the Heavitree Formation without any drilling related issues is up to two weeks due to the potential thickening of the Lower Gillen Formation. The basement below the Heavitree Formation is a secondary target and is planned to be evaluated as well.
Dukas 1 is an exploration well aiming to assess the regional sub-salt play at the Dukas structure in EP112 in the Amadeus Basin which could be a multi-TCF discovery under a success scenario.
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.
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Brisbane, Australia - Central Petroleum Ltd. (ASX:CTP) (FRA:C9J) (OTCMKTS:CPTLF) as Joint Venture and non-operated partner (farming down to 30% after completion of Dukas 1) of EP112 in the Northern Territory, announces that the Dukas 1 exploration well has drilled to 3,515m measured depth in the Gillen Formation. A suite of wireline logs are currently being run with an 8-5/8" intermediate casing liner to be set and cemented once the logging runs are completed.
