Managing Director, John Heugh Central Petroleum Limited
(ASX:CTP) updates the market on progress towards listing on the Toronto Stock Exchange - Venture Exchange and its desire to attract long term institutional support and a greater valuation multiple for its central Australian oil and gas portfolio.
On the drilling program for the second of half of 2011.At its Surprise well the plan is to drill a fresh bore after an incident earlier in the year with the intention to complete it as a commercial well. At its Madigan prospect in the Pedirka Basin; a huge prospect mapped in 2010 using 3D seismic suggests the potential for significant oil flows at a depth of 2800 - 2900 metres is possible. And at its Mt Kitty prospect (gas and helium) further drilling is planned.
