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Central Petroleum Limited (ASX:CTP) Drilling Program Revised to Focus on Near-Term Production

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advise that the current drilling program at Palm Valley and Dingo will be revised to defer the Dingo well and evaluate the lower P2/P3 unit of the Pacoota Sandstone formation at Palm Valley to prioritise near term production.

Central Petroleum Limited (ASX:CTP) Palm Valley 12 Drilling Update - ABN Newswire (@ABN_Newswire)

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that as at 0600 hrs ACST on 4 July 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory was at a depth of 2,335m in the P4 unit of the Pacoota Formation.

Central Petroleum Limited (ASX:CTP) Palm Valley 12 Drilling Update - ABN Newswire (@ABN_Newswire)

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that as at 0600 hrs ACST on 27 June 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory was at a depth of 2,278m in the P4 unit of the Pacoota Formation.

Central Petroleum Limited (ASX:CTP) Palm Valley 12 Drilling Update - ABN Newswire (@ABN_Newswire)

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that on 20 June 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory, was at the section total depth of 2,058m at 0600 hrs ACST in the P2 unit of the Pacoota Formation.

Central Petroleum Limited (ASX:CTP) Palm Valley 12 Drilling Update - ABN Newswire (@ABN_Newswire)

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that on 13 June 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory, was at a depth of 2,005m at 0600 hrs ACST in the P2 unit of the Pacoota Formation.

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