Central Spuds Gaudi-1 Unconventional Gas Well in ATP909 in Queensland

Central Petroleum Limited (Company or Central), disclosed Monday that drilling of Gaudi-1 commenced on Sunday Sept. 14 at Permit ATP909 in Queensland, Australia.

Currently the rig is drilling ahead with 12.25 inch Top hole at a measured depth of below 1,312 feet (400 meters).

Gaudi-1 is the second well in a program of unconventional gas exploration wells operated by Central (via subsidiary Merlin Energy Pty Ltd in partnership with Total) and is being drilled using Enerdrill Rig 2.

The primary objective is the Lower Arthur Creek Formation, which will be fully cored and sampled for gas desorption and reservoir properties, in addition to an extensive logging program to evaluate the hydrocarbon resource potential.

Gaudi is expected to be drilled to a total depth of approximately 9,514 feet (2,900 meters), and will be extensively cored, logged, and cased upon completion.

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