Central Petroleum Announces Application in Pedirka Basin
Central Petroleum Limited (ASX:CTP) has announced that its wholly-owned subsidiary company, Merlin Coal Pty Ltd has made three new applications under the Mining Act of the Northern Territory. The application covers 3,000 km2 in Pedirka Basin in central Australia.
John Heugh, Central’s Managing Director is quoted saying:
“Publically released results of the 2009-2010 coal seam gas (CSG) drilling programme within Central‚s Petroleum Act permits in the Pedirka Basin have provided some really interesting results in terms of the thicknesses and disposition of coal seams encountered.”
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Tue, May 25, 2010
Post by Mike Rodger, Coal Reporter