Just for fun, and to put a daily gas flow of 1.5 mmcf into context, I have dug up a quote from an old Magellan AR. It will help us digest the significance of today's news of the flows from
West Mereenie 15's Stairway Sandstone strata.
“40 years ago (December 1963–January 1964) Exoil's third well in the Amadeus Basin, Mereenie-1, was spudded on December 2 1963 but had to be abandoned for operational reasons early in the new year — blankets and shredded camp mattresses apparently proving inadequate to stem a blow out. However this was not before the well produced gas at the rate of 136,000 m3 per day (4.8 MMcf per day) and revealed indications of possible liquids, from the Ordovician Pacoota Sandstone.
“The subsequent appraisal wells established several benchmarks. East Mereenie-1 flowed gas at almost 700,000 m3 per day (19.9 MMcf per day) which still ranks as one of the highest test rates recorded onshore in the country — the well is still producing. East Mereenie-2 was the first well in Australia to be successfully drilled with air, while West Mereenie-2 was the first well in Australia to be successfully drilled using natural gas as the circulating medium."
WM-15's flow of 1.5 mmcf is not as spectacular but is very respectable.
- Forums
- ASX - By Stock
- CTP
- Ann: Stairway Sandstone Confirms Gas Flow - Lifts Oil Production,STO-CTP.AX
CTP
central petroleum limited
Add to My Watchlist
0.00%
!
5.5¢

Ann: Stairway Sandstone Confirms Gas Flow - Lifts Oil Production,STO-CTP.AX, page-7
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.98M |
Open | High | Low | Value | Volume |
5.4¢ | 5.5¢ | 5.3¢ | $2.456K | 45.65K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 275393 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 127247 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 275393 | 0.053 |
4 | 480000 | 0.052 |
4 | 940000 | 0.051 |
4 | 560000 | 0.050 |
1 | 100000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 127247 | 1 |
0.058 | 6030 | 1 |
0.059 | 326120 | 2 |
0.060 | 140000 | 1 |
0.067 | 149268 | 1 |
Last trade - 15.58pm 25/07/2025 (20 minute delay) ? |
Featured News
CTP (ASX) Chart |
The Watchlist
P.HOTC
HotCopper
Frazer Bourchier, Director, President and CEO
Frazer Bourchier
Director, President and CEO
SPONSORED BY The Market Online