Santos to Commence Re-Entry Works at Mt Kitty Well in NT's Amadeus Basin

Central Petroleum Limited (Central) disclosed Wednesday that it has been advised by Santos, the operator of Amadeus Basin permit EP 125 in Australia's Northern Territory, that it plans to commence re-entry works to complete the evaluation (including logging) of the Mt Kitty 1 exploration well and plug and suspend the well to enable future use of the wellbore.

Following completion of these re-entry operations, the forward plan of the Joint Venture is to undertake a resource estimation and economics study and plan any future work program for the permit.

Santos has indicated, at a minimum, approximately 124 miles (200 kilometers) of the 807 mile (1,300 kilometer) Stage 2 2D seismic for the Southern Amadeus farmin will be acquired in EP125 in which Mt Kitty is situated.

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