salvation
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
salvation
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