CTP 0.00% 5.3¢ central petroleum limited

New announcement out this morning. Drilling : Preparing to run...

  1. 353 Posts.
    New announcement out this morning.

    Drilling : Preparing to run DST tools over various intervals to determine, inter alia, permeability.

    Peak gas readings generally associated with coal in the Purni Formation have ranged up to 233 units. Preliminary estimates of coal thicknesses, (total of c.87m cumulative to date) depth and maximum Gas Readings were as follows but preliminary electric log interpretation indicates total coal intersected may be greater than that detailed :

    Total Depth : Planned total depth is 2,500m, consideration is being given to completing well at TD of 2128m.

    Further details of test results will be released when the test programme is completed and results fully analysed.

 
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