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Central strikes oil at Surprise January 16, 2012 10:45 AM

Central Petroleum Limited (ASX:CTP) has finished further initial flow testing of the Surprise-1 well, striking the first significant oil flow from an onshore discovery well for almost five decades in the Northern Territory.

In this interview, managing director John Heugh details the flow testing operation, and tells how options for drilling a second well are under review.

Mr Heugh also gives an update on the company’s intent to list on the Toronto Stock Exchange, and gives an update on Central’s other prospects, particularly the Pedirka basin.

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Latest Finance News

February 23, 2012 12:23 PM
23 Feb 2012 - Aus shares shed 0.5%. Shares in Fairfax Media Limited (ASX:FXJ) dip after posting a 44 per cent fall in its first half net profit.

Interviews

February 15, 2012 01:15 PM
15 Feb 2012 – Central Petroleum Limited (ASX:CTP) Managing Director John Heugh explains the significance of the flow at its Surprise- 1 well and plans to start selling oil from the Extended Production Test as early as April.

Company News

February 23, 2012 11:09 AM
23 Feb 2012 - Origin Energy Limited (ASX:ORG) rebounds to a first half profit of $794 million from a loss of $136 million the year before.