CTP 0.00% 4.8¢ central petroleum limited

need good announcement, page-14

  1. 545 Posts.
    Blamore 1 Report from 0600 hrs 15th July to 0600 hrs 16th July 2008
    Drilling : Drilling ahead 1,595m RKB in ?top Purni Formation (Permian) fine grained sandstones and siltstones, minor interbeds of coal.
    Geology : Encountered interpreted top of ?Permian Purni Formation at 1,503m. Encountered coal from 1,537-1,544m, elevated gas readings to 26 units maximum, typical composition over the coal interval : C1 3441ppm, C2 183 ppm, C3 33 ppm, iC4 9 ppm, nC4 3 ppm, iC5 2 ppm, nC5 1 ppm
    Oil Shows : No oil shows have been observed in samples other than over the previously reported interval 996m to 1017m in the ?top Algebuckina Sandstone .
    Total Depth : Planned total depth is 2,500m.
 
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