"ASX ANNOUNCEMENT & MEDIA RELEASE ASX CODE:CTP
27 August 2014
MT KITTY EXPLORATION WELL RE-ENTRY COMMENCES
Central Petroleum Limited (ASX:CTP) (Central) has been advised by Santos (ASX:STO), the Operator of Amadeus Basin permit EP 125, that it plans to commence re-entry works to complete the evaluation (including logging) of the Mt Kitty 1 exploration well and plug and suspend the well to enable future use of the wellbore.
Following completion of these re-entry operations, the forward plan of the Joint Venture is to undertake a resource estimation and economics study and plan any future work program for the permit.
Santos has indicated, at a minimum, approximately 200km of the 1,300km Stage 2 2D seismic for the Southern Amadeus farmin (see ASX Announcement dated 31 July 2014) will be acquired in EP125 in which Mt Kitty is situated.
Company enquiries, please contact: Richard Cottee, Managing Director, +61 7 3181 3800"
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