Central Petroleum Limited (Central) advises that as at on 10 October 2022 the Palm Valley 12 (PV12) sidetrack (ST2) in OL3 was undergoing clean-up flows in preparation for a further flow test. The well reached a total depth of 3,039m measured depth on 8 October 2022. After flow testing is complete, operations will commence to run production tubing and complete the well as a gas producer.

The PV12 ST2 well is being drilled under a joint venture between Central (50% interest), New Zealand Oil & Gas Limited (35% interest) and Cue Energy Resources Limited (15% interest).