Central Petroleum Ltd has completed a substantial program of technical analysis following the Surprise discovery, and has investigated the surrounding structures and adjacent formations.

The result of the work has indicated that there are multiple zones within Surprise that have high-reward potential and warrant enhanced exploration efforts. This information has had a positive impact on company’s views of the timing and costs of bringing Surprise into production.

The program included extended production testing, 3-D seismic-based interpretation, reservoir modelling and pressure transient analysis. The company anticipate being in a position to announce the Surprise volumes and reserves this quarter.

Tags: Central Petroleum Limited