It was announced on the 31st of October 2017. So, don't count your chickens as yet as frilling can produce or come up with anything. I am currently holding but I won't load up on anything until we will get some positive results, not what some rampers are writing.
##""Other Exploration and Application Areas
Ooraminna Field
(CTP—100% interest)
Two wells have been drilled at Ooraminna with both wells having proved gas flow from the Pioneer Sandstone. Although the flow rates were sub-economic, it is encouraging to note that the wells were drilled in an area with apparent low natural fracture density within the Pioneer Sandstone. Structural mapping is currently being updated following recent reprocessing of the seismic data. This will be augmented by outcrop mapping to assist in structural definition between seismic lines. This updated mapping will be incorporated into a natural fracture model which will predict areas with the greatest fracture density. The Ooraminna field has an inferred closure area of ~175 km2 and preliminary estimates of OGIP for the Pioneer formation range from ~125 Bcf to ~425 Bcf. Currently, there are no contingent resources certified at Ooraminna, however, demonstrating increased productivity through horizontal drilling in areas of predicted increased natural fracture density, is anticipated to lead to resource certification.
No significant developments occurred in Central’s other exploration and application areas during the quarter. However, Central continues to work with stakeholders and progress discussions pertaining to the grant of application areas and rationalisation of low prospectivity areas.""##
CTP Price at posting:
15.5¢ Sentiment: None Disclosure: Held
