Central Petroleum Limited (CTP-Central) says that Wallis Drilling Rig DS39 has spudded CBM93004, the first well in a five well fully cored Coal Seam Gas exploration in central Australia.

CBM93-004, the first of the initial five wells, is located in EP-93 directly updip about 9 km north of CBM93-001 drilled in 2008. The well will target the Permian Purni Formation coals which have been regionally mapped using seismic data coverage and data from previous wells.

The top Permian Purni Coal in CBM93-004 is prognosed at 550mRT with a gross thickness of 420m. The prognosed TD is 1020mRT. The prognosed coal seam thickness (in seams >2m thick) at this location is 80-90m. CBM93001 drilled last year 2008, intersected over 140m of net coal over 20 cms in thickness.

Heavy equipment has arrived on site for line clearing of the Johnstone EP 115 oil prospect survey and line clearing was expected to commence this weekend.

Tags: Central Petroleum Limited