Central Petroleum reports preliminary drilling on CSG well shows 120m of coal, up 300% on estimates
Central Petroleum Limited (ASX:CTP) (Central or the Company), as Operator, today advised that coal seam gas (CSG) exploration well CBM107001 in EP 107 reached a TD of 1251m on 24 February 2010.
The well targeted early Permian Purni Formation coals in the Pedirka Basin in central Australia (see Figure 1) and preliminary results show drilling encountered 120m of coal (in seams > 1m thick) with individual seams up to 30m thick.
This result was significantly (300%) higher than the prognosed coal section of 20-40m of coal in seams greater than 1m thickness. The coals were intersected over the interval 745m to 1163m.
Central Petroleum reports preliminary drilling on CSG well shows...
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