PROJECT RANGE UPDATE: SINGLE WELL PILOTS ONLINE

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    PROJECT RANGE UPDATE: SINGLE WELL PILOTS ONLINE
    Central Petroleum Limited (Central) (ASX: CTP) advises that the two Single Well Pilots at
    Range-9 and Range-10 have commenced production testing. The pumps have been started
    at low speeds for a controlled drawdown with the wells presently producing water into the
    storage tank. The pump speed will be ramped up over the next month to gradually increase
    water production rates and drawdown.
    Further updates will be provided as the programme progresses.

    DYOR

  2. 82.0k
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    PROJECT RANGE UPDATE
    Central Petroleum Limited (“Central”) (ASX: CTP) provides the following update on Range-9
    and Range-10, the two Single Well Pilots in the Surat Basin.
    Both wells have been operating continuously since commencement of pumping on 4 April
    2022. A gradual well drawdown is underway, with the fluid level currently about halfway down
    to the pumps.
    Gas breakthrough was observed in the annulus immediately upon commencement of
    pumping, indicating the presence of coals that are fully saturated with gas. Shortly after
    pumping commenced, sufficient gas was being produced to sustain the flare. After around four
    weeks of well drawdown, the aggregate daily gas rate has reached around 9,000 scfd and is
    expected to continue climbing.
    The principal focus of the Single Well Pilots will be to gain greater insights into the ramp up of
    gas over time. Hence, it is expected that these wells will be operated for significantly longer
    than the first pilot.
    It is also intended to restart Range-6 during May to provide similar Single Well Pilot
    performance data over time across a broader area.
    Further updates will be provided as testing continues.

    DYOR

    i reckon it is shareholder patience being tested the most

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