CTP central petroleum limited

amadeus unexplained rifting, page-7

  1. 1,396 Posts.
    Ameliustag,
    The latest info released by the company on the drilling campaign is on p.10 of the Good Oil presentation...
    http://www.asx.com.au/asxpdf/20090909/pdf/31kms4bll9qjz0.pdf

    "Phase One 2009
    5 fully cored CSG wells- (Pedirka Basin)
    flow testing CBM93001
    GoreTM survey Johnstone
    Ooraminna-2 gas, 2 TCFG UGIIP- already flowed gas
    1,350 line km (Amadeus and Pedirka)"

    "Phase Two 2010
    3- 8 conventional wells (Amadeus Basin) :
    Johnstone-1 oil up to 998 MMbbls MMbbls UOIIP Ordovician (Mereenie style) and other horizons
    Magee-2 gas, condensate, Helium 0.8 TCFG, 15 BCFG Helium UGIIP-already flowed gas subsalt
    Waterhouse-3 gas, 2.0 TCFG UGIIP
    Mt Kitty-1 gas, condensate, Helium 3 TCFG, 180 BCFG Helium UGIIP- 430 km2 subsalt"

    From the company in May this year..."Underestimated Gas Potential for Amadeus Basin"
    http://www.asx.com.au/asxpdf/20090529/pdf/31htycw8c3z3ql.pdf

    "Significantly the Pioneer Sandstone has only been penetrated in one well north of the Central Ridge ie Ooraminna-1. This unit is prospective over a wide area and given the gas reservoir discovered at this level in Ooraminna-1, Central believes its potential has been vastly underestimated.

    The Pioneer Sandstone and the Areyonga Formation gas plays at Ooraminna Prospect are planned to be drilled by Central in its forthcoming exploration campaign commencing in 2009. The original discovery well Ooraminna -1, suffered formation damage but despite this the well was still able to flow gas to surface from the Pioneer Sandstone at 12 mcfd with no indication of a water leg. A second appraisal well Ooraminna-2, will further address reservoir productivity in the Ooraminna Anticline which has UGIIP of up to 2.15 TCF UGIIP at “high” or P10 estimate." Ends.

    Yes I think you're right for Wed/Thurs announcement. Annual is due on Wed & I expect JH to want all the latest info to be in the Annual.

 
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