FURTHER DEVONIAN OIL LEADS INTERPRETED IN THE PEDIRKA BASIN Central Petroleum Limited (ASX:CTP) (Central), is expected to step up oil exploration on its Pedirka Basin permits in the Northern Territory following encouraging seismic surveys undertaken early this year. Exploration work to date on the new seismic outlines, inter alia, a possible new Devonian carbonate reefal oil play with over 1,500m of vertical extent potential where examined. Central believes some of its future activity will be based around the interpreted Pellinor Reef, along the Hale River fault trend, in the Pedirka Basin mainly within the Pellin
CTP Price at posting:
35.5¢ Sentiment: Hold Disclosure: Held
