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OPERATIONS

Palm Valley underwhelms

CENTRAL Petroleum has completed a performance review of its Palm Valley field in the Northern Territory, noting that existing wells have underperformed and not met pre-start expectations.

Paul Hunt
Palm Valley underwhelms

  The company said a comprehensive independent reservoir modelling study was recently commissioned to update the life-of-field production forecasts with an 8.4% reduction to total 2P gas reserves. ...

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