Central Petroleum Limited Drilling Commenced at Gaudi-1 Unconventional Gas Exploration Well

15.09.2014  |  ABN Newswire

Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. (ASX:CTP) ("Company" or "Central"), advises that drilling of Gaudi-1 (see attached map in link below) commenced on Sunday 14th of September 2014.

Currently the rig is drilling ahead with 12 1/4" Top hole at a measured depth of below 400m.

Gaudi-1 is the second well in a program of unconventional gas exploration wells operated by Central (via subsidiary Merlin Energy Pty Ltd in partnership with Total) and is being drilled using Enerdrill Rig 2.

The primary objective is the Lower Arthur Creek Formation, which will be fully cored and sampled for gas desorption and reservoir properties, in addition to an extensive logging program to evaluate the hydrocarbon resource potential.

Gaudi is expected to be drilled to a total depth of approximately 2,900 metres, and will be extensively cored, logged, and cased upon completion.

To view the map, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CTP-691236.pdf


About Central Petroleum Limited:

Central Petroleum Ltd. (ASX:CTP) (OTCMKTS:CPTLF) is an ASX listed junior exploration and production company operating the largest holding of prospective onshore acreage in Australia totalling over 270,000 km2, c.70 million acres. This acreage includes permits already awarded and acreage under application with 250,000 km2 under the Petroleum Acts and 20,000 km2 under the Mining Acts mainly in the Northern Territory with smaller holdings in Western Australia, South Australia and Queensland.



Contact:

Central Petroleum Ltd.
T: +61 (0)7 3181 3800
F: +61 (0)7 3181 3855
www.centralpetroleum.com.au