CTP central petroleum limited

Sounds like PXA/BG are coming around.From p8 CTP 2009...

  1. 1,396 Posts.
    Sounds like PXA/BG are coming around.

    From p8 CTP 2009 annual...

    PXA-Rawson Resources Limited-Merlin Energy Limited
    EP 97 Simpson, Bejah and Dune Prospect Blocks.

    PXA and Rawson Resources Limited (“Rawson”) continued as Joint Venture participants in the Simpson, Bejah and Dune Prospect Blocks within EP 97 owned by Rawson. The joint venture consists of Merlin Energy Limited (a wholly owned subsidiary of the Company) as operator of the prospect blocks retaining a 65% interest in each block with Rawson being free carried for the first well in each block plus an initial 100 km of seismic in the Simpson Block to retain a 20% interest in each prospect block. PXA may retain a 15% interest by funding the initial works over each prospect block at the 22.5% level. The initial seismic and the first well in the Simpson Prospect Block have been completed by the joint venture resulting in the discovery of a significant residual oil column in the Poolowanna Formation. Negotiations are under way to allow the Joint Venture to earn the interest in the Bejah Block by drilling a second well in the Simpson Block rather than by drilling the Bejah Prospect itself.

    & todays RAW announcement...


    "An agreement has been reached with Central Petroleum Limited (Central) and its partners to continue exploring in the Simpson Block of EP 97."
 
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