|Tuesday, 6 June 2006|
CENTRAL Petroleum says analysis of its recently completed seismic reprocessing data over two prospects in the Pedirka Basin has identified Blamore as the priority target with a potential 44 million barrels of recoverable oil reserves.
This "probabilistic mean" was calculated using a conservative recovery factor range of 20-22% in six stacked target reservoirs from a crestal depth of 1300m to 2050m.
Meanwhile, it says the Avalon Prospect could potentially host 26 million barrels of oil over five stacked horizons over similar depth ranges.
The seismic results have also helped Central choose drilling locations for each of the prospects.
The company said the Central Land Council plans to next week start sacred site clearance of access routes and drilling sites.
Meanwhile in the Amadeus Basin, Central says that aerial surveyor United Photos has recently re-flown and captured good quality 1:25,000 scale colour aerial photography of both the Ooraminna and Waterhouse prospects.
It added that structural analysis and potential petroleum geobotanical surface response mapping over the Johnstone, Gypsum, Waterhouse, Ooraminna and Mt Kitty Prospects was also progressing.
A ground and aerial inspection by Terrex Seismic and Lowecology of the pre-drilling seismic acquisition program is scheduled to start this Thursday, June 8.
Discussions are also continuing with several potential farminees, Central said.
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