Central Petroleum

Latest Central Petroleum News

• Successful in securing 3 large exploration blocks in the Queensland sector of the Georgina Basin.

• In total the SPP and Placement raised $9.9 million before costs.

• The well is temporarily shut in for pressure build analysis and has reached over 520 PSI thus far and now increasing at 1.5 PSI per hour.

• Well is temporarily shut in for pressure build analysis and has reached over 520 PSI thus far and now increasing at 1.5 PSI per hour.

• Central Petroleum advises shareholders that flow testing of the well is planned to commence late this week.
• Throughout the horizontal drilling were oil shows rated at less than good to excellent.
• A drill break was evident at 2,676m Measure Depth.

• Central Petroleum are in the process of utilising a Modular Formation Dynamics Tester (MDT) tool which measures formation pressures and samples reservoir fluids at Surprise-1 well.

• Central Petroleum's current wellsite operations at 0600 CST consist of preparing to run extensive logging suites scheduled to commence over this weekend.
• The Surprise ST-1 well has reached a Total Depth of 2,732m RKB within the Pacoota Sandstone.

• Central Petroleum has uncovered up to 260,000 square kilometres unconventional play targets in central Australia.
• The total surface area of additional plays is approaching 70 million acres, which is an enormous portfolio of unconventional exploration plays.

• Central Petroleum has announced that the Surprise 2 well has reached a depth of 2,672m RKB in the Pacoota Sandstone.

• Central Petroleum's Surprise-1 Oil well has been drilled past previous oil shows in the Stairway Sandstone and had reached a depth of 2,599m RKB.
• Fair to good oil shows accompanied by background gas with high 'heavy' gas components have continued through any thin sands.

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