Central Petroleum Limited: Palm Valley Drilling - PV13 Update

11.09.2018  |  ABN Newswire

Brisbane, Australia - Central Petroleum Ltd. (ASX:CTP) ("Company" or "Central"), as Operator and 100% owner of Palm Valley Gas Field, announces that the Palm Valley 13 well ("PV13"), as of 07:36 hours (NT time), today reached 1,119 metres MD (measure depth), 9 5/8" casing run and cemented in place with full cement returns to surface.

PV13 is targeting a total depth of 3,471 metres MD with a vertical depth of 2,100 metres TVD (true vertical depth) and a near horizontal (84.9 Degrees) reservoir section of up to 1,570 metres MD.

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.

Source:

Central Petroleum Ltd.

Contact:

Central Petroleum Ltd. T: +61-7-3181-3800 F: +61-7-3181-3855 E: info@centralpetroleum.com.au WWW: www.centralpetroleum.com.au Media Enquiries Helen McCrombie at Citadel-MAGNUS T: +61-2-8234-0103 M: +61-411-756-248