Central’s acreage includes most of the Pedirka Basin in the Northern Territory and in South Australia, the bulk of the Amadeus Basin in the Northern Territory, all of the known Lander Trough in the Northern Territory and about 10,000sq.km of the Southern Georgina Basin.

“The company believes that the oil and gas potential of central Australia has been significantly overlooked and the area remains one of the true under-explored and under-developed proven petroleum provinces within Australia,” Central says.

“To date, over 14.5 million barrels of oil and 285 billion cubic feet of gas have been produced within central Australia, leaving existing known resources significantly under-developed.

“Estimates by the Northern Territory Geological Survey estimate up to about 6 billion barrels of oil equivalent (35 trillion cubic feet of gas equivalent).

“Unrisked recoverable hydrocarbons of 650 million barrels (risked) remain to be discovered in the Amadeus alone while the Pedirka is estimated to contain at P10 level upside potentially recoverable resources of about 200 million barrels of oil in just two prospects considered mature for drilling by the company. There are numerous untested other leads not evaluated yet.”

The PESA Farm-in Seminar will be held on May 7 in Meeting Room 5 at the Gold Coast Convention and Exhibition Centre, Broadbeach, Queensland.

Company representatives will outline the technical and commercial aspects of their opportunities via short audiovisual presentations. There will be time during and after the seminar to discuss additional details with interested parties in private.

Registration fees are $360 for presenters and $180 for viewers.

These fees also purchase a copy of the PESA 2006 Farm-in Seminar Report CD (containing details of all proposals presented), morning coffee and lunch, including drinks.

To make a presentation at the seminar, contact Wolfgang Fischer (wolfgang@petroventures.com.au) for details or register online (www.pesansw.com) by no later than April 20. To attend as a viewer, register by May 4.

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