• Home
  • News
  • Central 2P reserves rise 16%

Central 2P reserves rise 16%

24 Jul 2020 12:36 PM | Sonia Harvey (Administrator)

CENTRAL Petroleum has announced a 16% upgrade to its 2P reserves across its three producing fields in the Northern Territory to a total of 162.2 petajoule-equivalent, with plans to develop new low cost supply via a series of lateral wells. 

Netherland Sewell & Associates have independently verified the upgrade. 

Central said today the rise was driven by the performance of its Palm Valley-13 well, online since May last year.  

It confirmed today a 2C contingent gas resource of 105PJ which it believes could be unlocked by a proposed Stairway appraisal program at its Mereenie field and further infill wells at Palm Valley. It shares Mereenie with fertiliser maker Incitec Pivot.   

The company is planning to implement a new strategy to appraise its production from the Stairway Sandstone at its Mereenie field. Subject to joint venture approval  it will use lateral drilling from existing wells at locations that had prior observed gas shows while drilling through the stairway. 

It says the appraisal work will target a new material gas resource which could "significantly" increase the gas produced from the Mereenie field with minimal investment in existing production facilities  

At Palm Valley its PV-13 horizontal well in the Pacoota Sandstone "continues to show excellent performance, with more than 2.6PJ recovered over 13 months". The well recently only came off a  7 terajoule day plateau limited only by wellhead facilities. 

The company is now seeking to capitalise on the PV13 success via drilling future laterals from existing wells to access poorly connected parts of the reservoir.  

Source: Energy News Bulletin

Comments

  • 11 Oct 2021 3:11 AM | neurontine side effects mimic huntingtons
    Propecia Low Price
    Link  •  Reply
  • 31 Oct 2021 11:11 PM | ivermectin for dogs
    Propecia 2 5
    Link  •  Reply
  • 11 Nov 2021 5:44 PM | lasix sale
    On Line Fluoxetine Need With Free Shipping Store
    Link  •  Reply
  • 15 Nov 2021 7:46 AM | Priligy
    Order Cipla Drugs
    Link  •  Reply
  • 07 Dec 2021 6:36 AM | where is thw cheepesr place to buy plaquenil
    Northwesrpharmarcy
    Link  •  Reply
  • 21 Dec 2021 1:42 AM | azithromycin tab 250mg
    Cash On Delivery Real Hydrochlorothiazide Internet Shop Without Perscription
    Link  •  Reply

Energy Club NT is an Incorporated Association 

The information contained in this website is for general information purposes only. The information is provided by Energy Club NT Inc and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you are able to link to other websites and files which may not be owned, authored or under the control of Energy Club NT Inc. We have no control over the nature, content and availability of other websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Powered by Wild Apricot Membership Software