The exploration campaign on Central Petroleum Limited's acreage commenced in August under both the Santos and Total Farmouts, signifying a 600% increase in the Company's average annual exploration spend on its acreage.

Under the Amadeus Joint Venture, operated by Santos Ltd, an exploration programme up to $30 million is to be carried out in the next 12 months. As at 25 August 2013 327km of 2D seismic has been acquired over the North Mereenie Block (within EP115), which completes that survey. Several leads and prospects have been previously identified in this area, and this infill seismic is designed to mature at least one prospect to drillable status.

Tags: Central Petroleum Limited