RANGE PILOT UPDATE: RANGE-7 SPUDS AND RANGE-6 COMPLETED

Central Petroleum Limited (ASX:CTP) (“Central” or “Company”) advises that Range-7, the
second well in the three well Range Pilot Programme, spudded on 22 April 2021 at 7.30am.
The Range-7 well has a target depth of 694m below rotary table (RT) and will be completed
across the three seams of the Walloon Coal Measures. The pilot wells will be tested over
several months to confirm water and gas flow rates.
The first well in the programme, Range-6, was successfully executed in line with the well plan.
Total Depth (TD) was reached at 675m RT and the Walloons coals were intercepted over a
depth range from 260m RT to 610m RT. The well was successfully cased and suspended with
a slotted liner over the coals and the well was prepared for completion. The wells will be
brought online once all pilot wells are drilled and completed and the wellhead facilities have
been commissioned.
Further updates will be provided as the programme progresses.

courtesy of Bell Direct
===================================================================================================

DYOR

MEREENIE RECOMPLETIONS COMMENCE
Central Petroleum Limited (ASX:CTP) (“Central” or “Company”) advises that recompletion
operations commenced on WM20, the first well in the Mereenie Development Programme.
The 2021 Mereenie Development Programme consists of the recompletion of four existing
wells (WM14, WM15, WM19 and WM20) followed by the drilling of two new development wells
(WM27 and WM28). These activities are intended to return field production capacity back
towards 45 TJ/d (100% JV) and produce at least an additional 40 PJ of gas over the lifetime
of the field (20 PJ net to Central). This will enable the Mereenie JV to commit to new gas sales
into what is anticipated to be an increasingly tight east coast gas market.
Further updates will be provided as the programme progresses.

courtesy of Bell Direct
===================================================================================================

DYOR

i do not hold this share

am not sure how many members are holders of this now , but two anns the same day ??

is there a cap. raise coming ??

RANGE PILOT UPDATE: RANGE-8 SPUDS AND RANGE-7 COMPLETED
Central Petroleum Limited (ASX:CTP) (“Central” or “Company”) advises that Range-8, the
third well in the three well Range Pilot Programme, spudded on 28 April 2021 at 07:00 Hrs.
The Range-8 well has a target depth of 680m below rotary table (RT) and will be completed
across the three seams of the Walloon Coal Measures. The pilot wells will be tested over
several months to confirm water and gas flow rates.
The second well in the programme, Range-7, was successfully executed in line with the well
plan. Total Depth (TD) was reached at 680m RT and the Walloons coals were intercepted
over a depth range from 214m RT to 607m RT. The well was successfully cased and
suspended with a slotted liner over the coals and the well was prepared for completion. The
wells will be brought online once all pilot wells are drilled and completed and the wellhead
facilities have been commissioned.
Further updates will be provided as the programme progresses.
Figure 1 – Location of the Range CSG Pilot
ASX ANNOUNCEMENT AND MEDIA RELEASE – CENTRAL PETROLEUM LIMITED Page 2
About the Range Gas Project
The Range Gas Project is a 50:50 Joint Venture between Central and a wholly owned
subsidiary of Incitec Pivot Limited (ASX:IPL) in ATP 2031, a 77 km2 permit located in the Surat
Basin, Queensland. The Range Gas Project contains an estimated 270 PJ* of 2C Contingent
Gas Resource (Central share: 135 PJ*) and is positioned for development to take advantage
of an expected shortfall of gas supply in eastern Australia by 2024.
* Central’s 50% net interest is 135 PJ. Resources are as at 15 August 2019 and were independently certified by
Netherland, Sewell & Associates. These resources were first reported to the market on 20 August 2019. PJs
rounded to nearest full PJ. Central Petroleum Limited is not aware of any new information or data that materially
affects the information included in this announcement and all the material assumptions and technical parameters
underpinning the estimates in the relevant market announcement continue to apply and have not materially
changed.

courtesy of Bell Direct
=================================================================================================

DYOR

i do not hold this share ( nor IPL )

i MIGHT be missing something BUT the differences to the 5 day earlier Range update don't look like Price Sensitive to me ( unless it drops on disappointment )

No matter what announcements CTP make, the SP usually drops.
Richard Cottee, from 2012, the downfall of share holder value enhancement in his quest to privatise the company and seems to be continued by this management and MacBank.
Company only run for those in charge now and still no concern for share holders.

not long Sal.

https://www.youtube.com/watch?v=EisDM1o22o4&t=7s

.... and not one word about share holders.

Hi to all long suffering Central holders, its been about 4 years since visiting this site, but I'm still holding after more then 10 years and still hoping for managment to get there act together.

Where's my last post gone to, just saying that I have been in CTP since 2008 and good to have bobsagood on TS.

Also this website is so hard to log into , cannot post half the time or give thumbs up, etc.

That's the problem Sal, the management and JV gorillas have not changed at all.
The whole company should have been sacked after their failed SoA a couple of years ago, .... time flies when your getting f over.

Bloody hell, my posts are being posted quickly now, still must be the TS website, IMO.

Why would they be doing that, as not controversial that I wrote.

might NOT be censorship in all cases , MIGHT be partly the NBN buckling under pressure

but that is just a guess ,

but some nations have recruited the armed forces to help out the censorship