Friday, March 5, 2021

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Central Petroleum: Appoints contractor for drilling in Queensland

  • Central Petroleum (CTP) has contracted Silver City Drilling to complete three appraisal pilot wells at its Range Gas Project in Queensland
  • The wells will also produce water to the surface and gas to a local flare in order to provide key subsurface and production data
  • All three wells will also drilled through the three recognised Walloon coals sections, with the first expected to spud in early April this year
  • If successful, these wells will the catalyst for a bankable full-field development plan to support a Final Investment Decision
  • The first well expected to spud in early April this year, with the others to completed at 200-metre intervals in an effort to accelerate the provision of data
  • Central Petroleum is down 3.33 per cent to $0.14 per share

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