Exploration

As part of arrangements in the purchase of Central’s interest in Mereenie Oil and Gas Field, Central has acquired 100% interest and Operatorship of 20 graticular blocks excised from the Joint Venture with Santos in EP 82 surrounding the Dingo Gas Field .  This area of 1,492 km2, referred to as EP 82DSA (Dingo Satellite Area), contains several leads identified on the existing sparse seismic grid as well as the currently sub-commercial Orange Gas Field which was discovered in 1966 and is 19 km by 8 km in area.

Due to the proximity to the Dingo Gas Field and associated infrastructure, these satellite prospects are very attractive to Central as they could provide incremental reserves in the event of drilling success. Additional seismic is required to delineate these leads, which are currently estimated to be of a similar size to the Dingo Gas Field.

Further gas potential resides in other reservoirs within the Dingo Gas Field and EP 82DSA. The deeper Pioneer Sandstone which flowed gas at Ooraminna Gas Field or the shallower Pacoota Sandstone, which are productive at Mereenie and Palm Valley Fields but water wet at Dingo, may be prospective in satellite prospects as well as the elongate Waterhouse Anticline.