Central Petroleum Limited (ASX:CTP) (“Central” or the “Company”) advises shareholders that due to the continuation of horizontal drilling and testing operations at Surprise 1 ST-1 the closing date for the Share Purchase Plan (SPP) has been extended to the 25th of January 2012.
The previous closing date of the SPP was 16 December 2011, which occurs during the planned horizontal drilling, flow testing and evaluation phase of the Surprise 1 ST-1 well. The results of electric log analysis, coring and visual observations of cuttings and mud flow from the well have allowed a positive assessment of a prospective oil flow from the well to the extent that a 700m lateral section is planned to commence on or about the 17th of December 2011.
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