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Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that as at 1400 hrs ACST on 2 October 2022 Palm Valley 12 (PV12) sidetrack (ST2) in OL3 had progressed to a measured depth ('MD') of 2,598m. At that time a decision was made to change the drilling bit and take the opportunity to conduct an interim flow test.
Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) today reports a net profit after tax of $21.3 million for the financial year to 30 June 2022, including a $36.6 million profit on the sale of half of its interest in its three producing gas and oil fields.
Central Petroleum has hit water in the Palm Valley 12 sidetrack well in OL3 in the Northern Territory.
Central Petroleum has hit water in the Palm Valley 12 sidetrack well in OL3 in the Northern Territory.
Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory was at a measured depth of 2,431m in the lower P2 and P3 units of the Pacoota Formation.