“Some of these are thought to have potential to be ‘company makers’ and include the possibility of a 950 square kilometre closure along the Hallows Trend, apparently unaffected by Tertiary re-activation which has breached earlier charged traps in other areas in the Pedirka,” the company said in a statement on Friday.
Central plans to kick-off its maiden drilling program in the Pedirka Basin using the Hunt Rig 2 in April.
Under a recent contract, subject to rig inspection and compliance, the company plans to drill at least two conventional wells with a focus on oil, using Hunt Rig 2,
Subject to drilling results and other contingencies, Central has an option to drill up to five more conventional wells and three coal seam methane wells.
If all wells go ahead, the expanded conventional program would comprise Blamore-1, Simpson-1 and Johnstone-1, which are all targeting oil, along with Ooraminna-1 and Waterhouse-3, targeting natural gas, while Mt Kitty-1 and Magee-1 are looking for gas, condensate and helium.
The Magee-1 and Johnstone-1 wells are subject to additional pre-drilling seismic, while the Waterhouse-3 and Magee-1 wells would only go ahead if results are encouraging from Ooraminna-1 and Mt Kitty-1.
Altogether, the conventional wells are targeting a total of 300 million barrels of oil, 3.4 trillion cubic feet of gas and 100Bcf of helium. The CSM exploration program is targeting more than 70Tcf of gas.