The extract is from the last Quarterly Report of Central Petroleum.I like the reference to "reef anomalies" but it may be some time before Santos does some work on the EP.
"EP-97 (Pellinor Block) Pedirka Basin, Northern Territory (CTP 80% [before farmout to Santos], Rawson Resources 20%) The recently acquired 2D seismic data has been processed and interpretation is at an advanced stage. Several interesting features that may be reef anomalies have been mapped to date. Central’s farmin into the EP97 Simpson, Pellinor and Bejah Blocks has been included in the Santos farmout deal and, accordingly, the Company will need to have Rawson’s approval to include Santos in the EP97 farmin blocks."
RAW Price at posting:
8.0¢ Sentiment: LT Buy Disclosure: Held
