Triangle Energy (Global) Ltd and partner Talon Energy Ltd (ASX:TPD) welcome the completion of farm-out negotiations and the signing of a binding term sheet.
Central Petroleum’s new Palm Valley 12 appraisal well has flowed gas at over 6 million scfd when tested during a break in drilling. More comprehensive flow testing will be conducted after a further 440m of drilling has been completed, but this is an encouraging interim result, which could see additional gas supplied to market from Palm Valley into strong Northern Territory and east coast gas markets.
Central Petroleum Limited advises that as at 0600 hrs ACST on 26 September 2022, drilling of the Palm Valley 12 sidetrack into the Pacoota-1 had progressed to a measured depth of 2,063m. The. | September 26, 2022
Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that as at 0600 hrs ACST on 25 July 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory was at a depth of 2,020m in the P2 unit of the Pacoota Formation.