Brisbane, Australia - Central Petroleum Ltd. (ASX:CTP) (FRA:C9J) (OTCMKTS:CPTLF) provides the following update in relation to the drilling of the Dukas 1 well.
Dukas 1 is currently at a depth of 3,704m (MD) and in the Gillen Formation. Formation pressures have been encountered that are significantly higher than that seen in previous wells targeting the pre-salt play (Mt Kitty and Magee). This overpressure is associated with an inflow of gas of yet to be determined composition.
The Joint Venture is now considering the best options for a forward plan. Such options may include suspending the well and returning to drilling operations at a later date. Whilst this delay is disappointing, the presence of such overpressure in association with gas adds to the evidence from Mt Kitty and Magee that there appears to be a working petroleum system at this location.
The well has not, as yet, intersected the primary target Heavitree Formation, although it is expected to be within a few hundred metres of the current depth. A further update on the forward plan will be announced as soon as it has been decided by the Joint Venture.
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.
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
Brisbane, Australia - Central Petroleum Ltd. (ASX:CTP) (FRA:C9J) (OTCMKTS:CPTLF) provides the following update in relation to the drilling of the Dukas 1 well.
