CTP 2.00% 4.9¢ central petroleum limited

There are two announcements, check out both:Drilling : At 0600...

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    There are two announcements, check out both:

    Drilling : At 0600 this morning, a significant coal intersection had been cored from 977m to 981m and futher coring was in progress. Maximum gas recorded during the coring of this interval reached 132 units, (c.22 times background of 8 units with C1-C4) representing a significant increase of gas liberated while coring from the top of the coal bearing Purni Formation. A preliminary interpretive table of significant coal and gas results while drilling follows. It is likely that the coal currently being cored will be the subject of DST#2 later today or early tomorrow.
    DST #1 had tested coals over the interval 798.7 to 810.5 with very good preliminary indications of permeability (ability to flow). Further detail will be released as and when it is available.
    Although these results are preliminary until the well is logged and tested, the implications are quite positive for Central’s CBM programme going forward.
 
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