Archive: 10/05/2022

Palm Valley-12 Weekly Drilling Update

Posted on 10 May 2022

The Operator (“Central”) (ASX: CTP) advises that on 9th May 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory, had reached a depth of 1103m at 0600 hrs ACST. In the past week a total of 283m of drilling has occurred reaching the planned total depth for the 17.5” hole section at 1103m on 5th May. Consequent to reaching total depth, the 13 3/8” casing has been run and cemented, the BOP and surface equipment has been pressure tested and the well is anticipated to commence drilling ahead in 12 ¼” hole from 10th May.

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