Central gives Trident time for Johnston West

CENTRAL Petroleum has signed a deal that allows farm-in partner Trident Energy time to raise funds for the Johnston West-1 well in EP 115, Northern Territory, in the event of a discovery.

Central gives Trident time for Johnston West Central gives Trident time for Johnston West Central gives Trident time for Johnston West Central gives Trident time for Johnston West Central gives Trident time for Johnston West

Under the deal, Trident will be able to look at the results of the well and, in the event of a discovery, will have 60 days to raise capital and satisfy the cash call of about $1.5 million.

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