EXPLORATION

Central Petroleum strikes oil

CENTRAL Petroleum has struck oil at its Johnstone West-1 wildcat exploration well in the Amadeus Basin, Northern Territory, a feat that could prompt a decision to drill the Surprise-1 exploration well.

Oil shows were encountered over a 22m interval from 1387-1409m, while gas shows of up to 300 parts per million of methane and heavier ethane, propane, butane and pentane were also intersected. CTP will...

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