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Central Petroleum Limited (ASX:CTP) Range Pilot Update - Range-6 Spuds    OTCMKTS:CNPTF) advises that Range-6, the first well in the three well Range Pilot Programme, spudded on 11th April 2021 at 9:30pm. The Range-6 well has a target depth of 704m below rotary table and will be completed across the three seams of the Walloon Coal Measures and tested over several months to confirm water and gas flow rates. The Range pilot consists of three wells closely spaced at 200m apart to accelerate the dewatering process, a production water tank, flare and associated pipework. Testing of the pilo...

Central Petroleum Limited (ASX:CTP) Quarterly Activities - Cashflow Report    Highlights - Cash balance at the end of the December quarter (the quarter) was $38.5 million, up from the $26.3 million balance at 30 September 2020, reflecting: - $16.6 million net cash flow from operations (before exploration and finance costs) which includes the receipt of proceeds from the pre-sale of 3.5 PJ of gas to be delivered in 2022 and 2023 - Principal repayments under debt facilities of $1.0 million. Macquarie pre-sale gas deliveries totaled 437 TJ, and 170 TJ of previously over-lifted gas was re...

Central Petroleum Limited (ASX:CTP) Range Gas Project Update - Drilling Rig Contracted    Range Gas Project Update - Drilling Rig ContractedBrisbane, Jan 25, 2021 AEST (ABN Newswire) - Central Petroleum Limited ( OTCMKTS:CNPTF) has contracted with Silver City Drilling (NSW) Pty Ltd to have Rig 34 drill three appraisal pilot wells at Central's Range Gas Project in Queensland's Surat Basin. The first well is expected to spud in early April 2021. The Range Gas Project is being progressed under a 50:50 joint venture ("Range JV") between wholly-owned subsidiaries of Central and Incitec Pivot ...

Central Petroleum has contracted a rig to drill three appraisal pilot wells at Central’s Range Gas Project in Queensland’s Surat Basin. The wells represent the next appraisal stage after the 2019 four-well exploration programme successfully identified a high-quality 2C contingent gas resource of 270 PJ in the proven Walloons CSG play.