The 9 5/8" casing was run and cemented requiring an additional cement plug at the shoe to ensure integrity. Following a successful Formation Integrity Test (FIT) drilling recommenced in the 8 1/2" hole utilizing a conventional mud system. Total lost circulation occurred at 2,024m, an LCM pill was spotted and the under-balanced air drilling package rigged up in preparation for drilling ahead. Underbalanced drilling then commenced to the current depth of 2,058m The PV12 well has two alternate objectives. The primary deep gas exploration target is the Arumbera Sandstone at an anticipated depth of 3,560m. Alternatively, if the deep exploration target is not successful, a shallower gas appraisal lateral will be drilled in the currently producing P1 formation with the potential to become a production well.
The PV12 well is the first of a 2-well drilling program that also includes the Dingo-5 exploration / production well. Both wells are being drilled under joint ventures between Central (50% interest),
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Central is positioned to become a significant domestic energy supplier, with exploration and development plans across 180,000 km2 of tenements in
We are also seeking to develop the Range gas project, a new gas field located among proven CSG fields in the
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