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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 and its Palm Valley and Dingo Joint Venture partners New Zealand Oil & Gas and Cue Energy Resources, advise that the current drilling program at Palm Valley and Dingo in the Amadeus Basin will be revised to to prioritise near term production into a very strong East Coast gas market.
Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) has updated its reserves based on recent drilling and production results across Mereenie, Palm Valley and Dingo.
Central Petroleum and its joint venture partners Cue Energy and New Zealand Oil & Gas have contracted the Ensign Rig 963 to drill the Palm Valley Deep and Dingo 5 exploration wells in the Amadeus Basin.
Central Petroleum Ltd (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) provides the following activity update