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SURPRISE-1 RE-ENTRY H DRILLING UPDATE

Central Petroleum Limited (ASX:CTP) (“Central” or the “Company”) advises shareholders that a window has been successfully milled in the 7” casing and the angle building section of the well is proceeding. It is anticipated that the horizontal section will commence by Friday 23 December 2011 and be completed as a barefoot horizontal completion (uncased horizontal section) ready for evaluation by the end of the first week in January 2012.


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