Central Petroleum Limited: Seismic Contract Awarded

20.04.2012  |  ABN Newswire

08:24 AEST Apr 20, 2012 ABN Newswire (C) 2004-2012 Asia Business News PL. All Rights Reserved.

Perth, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) advises that Terrex Seismic has been awarded the contract to acquire 82 km2 of 3D seismic data over the Surprise structure in EP-115 in the Amadeus Basin, Northern Territory.

An additional 60 km of 2D seismic data is planned to be acquired in close proximity to the 3D grid to further define one structure similar to the salt diapir-induced anticline at Surprise.

An additional 132 km of 2D seismic data is planned to be acquired in the northern Pedirka Basin to confirm the Pellinor lead that involves a Warburton Basin play associated with interpreted carbonate reefal facies.

Line clearing at the Surprise location is scheduled to start in mid-April 2012, seismic acquisition in mid-May 2012 and processing of the 3D is expected to be completed by early August 2012.


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