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Central Petroleum Limited (CTP.AX) Mereenie Recompletions Commence

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Central Petroleum Limited
Central Petroleum Limited

Central Petroleum Limited (CTP.AX) Mereenie Recompletions Commence

Brisbane, Australia, April 22, 2021 - (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (HAM:C9J) (OTCMKTS:CNPTF) advises that recompletion operations commenced on WM20, the first well in the Mereenie Development Programme.

The 2021 Mereenie Development Programme consists of the recompletion of four existing wells (WM14, WM15, WM19 and WM20) followed by the drilling of two new development wells (WM27 and WM28). These activities are intended to return field production capacity back towards 45 TJ/d (100% JV) and produce at least an additional 40 PJ of gas over the lifetime of the field (20 PJ net to Central). This will enable the Mereenie JV to commit to new gas sales into what is anticipated to be an increasingly tight east coast gas market.

To view the location of the Mereenie recompletion and new development wells, please visit:
https://abnnewswire.net/lnk/3C8P9Q43


About Central Petroleum Limited:


Central Petroleum Limited (Central) is a well-established, and emerging ASX-listed Australian oil and gas producer (ASX:CTP). In our short history, Central has grown to become the largest onshore gas producer in the Northern Territory (NT), supplying industrial customers and senior gas distributors in NT and the wider Australian east coast market.

Central is positioned to become a significant domestic energy supplier, with exploration and development plans across 180,000 km2 of tenements in Queensland and the Northern Territory, including some of Australia's largest known onshore conventional gas prospects. Central has also completed an MoU with Australian Gas Infrastructure Group (AGIG) to progress the proposed Amadeus to Moomba Gas Pipeline to a Final Investment Decision.

We are also seeking to develop the Range gas project, a new gas field located among proven CSG fields in the Surat Basin, Queensland with 135 PJ (net to Central) of development-pending 2C contingent resource.

Contact:

Investor and Media Inquiries:
Greg Bourke: +61-478-318-702
Sarah Morgan: +61-421-664-969

Source:
Central Petroleum Limited

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