Central Petroleum Limited (CNPTF) Mereenie Development Well WM29 Commences
Press Releases2024-12-04
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Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that WM29, the first development well in the 2 well programme, was spudded on 5 December 2024 at 0730 hrs ACST.
The Mereenie development wells are expected to return field production capacity back above 30 TJ/d (100% JV) and produce at least 25 PJ of gas (100% JV) over their lifetime. Firm gas from the new wells may be sold into the recently executed NTG GSA which can be expanded by up to 6 TJ/d to generate further cash flow following successful completion of the wells.
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