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Central Petroleum Limited (ASX:CTP) (Central), as Operator, reports that the top of the main target reservoir, the Pioneer Formation was penetrated on Sunday, 11 July 2010 at 1,261m and a gas flow was encountered in excess of 100 MCFGD. However, after drilling only several metres of the top of the main target reservoir, the bit was pulled out and after changing from a basic rotary air drilling assembly to an air hammer assembly, the air hammer became blocked before any new formation could be drilled.
The drilling contractor is in the process of pulling the air hammer out of the hole to determine the cause of the blockage prior to drilling ahead to evaluate the main target reservoir.
Further details will be released to the market as they are available.
Central is Operator and holds a 90% interest and in EP 82, through wholly-owned subsidiary Helium Australia Pty Ltd, and is in JV with Red Sky Energy (NT) Pty Ltd (10%). Ooraminna 2 is located at Latitude 24 degrees 01 minutes 05.83 seconds, Longitude 134 degrees 10 minutes 10.95 seconds.