🕐25.05.10 - 07:28 Uhr
CENTRAL PETROLEUM MAKES ADDITIONAL MINERAL APPLICATIONS IN PEDIRKA BASIN
Central Petroleum Limited
ASX ANNOUNCEMENT
25 May 2010
CENTRAL PETROLEUM MAKES ADDITIONAL MINERAL APPLICATIONS IN PEDIRKA BASIN
Central Petroleum Limited (ASX: "CTP", "Central" or "the Company") is
pleased to announce that its wholly-owned subsidiary company, Merlin Coal
Pty Ltd has made three new applications under the Mining Act of the
Northern Territory, ELA application numbers 28095, 28096 and 28097,
covering over 3,000 km2 in the little known northern part of the Pedirka
Basin in central Australia.
Central holds a 100% interest in Merlin Coal Pty Ltd and is Operator.
There
are no Joint Venture partners involved in Merlin Coal Pty Ltds granted
exploration permits and applications.
"Publically released results of the 2009-2010 coal seam gas (CSG) drilling
programme within Centrals Petroleum Act permits in the Pedirka Basin have
provided some really interesting results in terms of the thicknesses and
disposition of coal seams encountered," said John Heugh, Centrals Managing
Director today.
"The Company has received expressions of interest in the potential coal
exploration targets it covers under the Mining Act in the Pedirka Basin and
so it is logical that we should attempt to consolidate our position here".
The Company has begun to investigate potential for Underground Coal
Gasification (UCG), and Coal to Liquids (CTL), the latter of which may
involve mining coal either by underground and/or open-cut methods,
gasifying the coal at the surface to produce "syngas" (a mix of carbon
monoxide and hydrogen) and processing the syngas via GTL (gas to liquids)
technology to potentially produce a range of liquid petroleum products
including diesel and jet fuel.
Coal beneficiation studies are also planned
which are aimed at evaluating the potential for the economic transport of
mined coal to other destinations for further useage.
Previous independent reports have estimated the total tonnage of coal above
1,000m as being 635 billion tonnes ("low" estimate) to 865 billion tonnes
("high" estimate) within Centrals wholly owned subsidiary, Merlin Coal Pty
Ltds mineral leases and 1,110 billion tonnes ("low" estimate) to 1,385
billion tonnes ("high" estimate) above 1,000m in the same category in
Centrals petroleum leases in the same area in the JORC "Exploration
Target" category.
(Mulready and Maynard June 2009).
The coal intersected to date is generally
sub-bituminous in grade, and as such would probably be limited to
gasification or thermal coal applications.
Note : the potential quantity
and grade of the coal is conceptual in nature, there has been insufficient
exploration to define a Mineral Resource and it is uncertain if further
exploration will result in the determination of a Mineral Resource.
To download a copy of the ASX Announcement, including a location map, click
here:
http://esp.gewru.com/download/files/12414/1171771/20100525%20-%20CENTRAL%20MAKES%20ADDITIONAL%20MINERAL%20APPLICATIONS.pdf
For further information contact:
John Heugh
Managing Director
Central Petroleum Limited
T: +61 (8) 9474 1444
M: +61 (0)427 107 690
Felicity Nuttall
Professional Public Relations
T: +61 (8) 9388 0944
---------------------------------------------------------------------------
This email was sent by Felicity Nuttall, Karen Oswald, PPR, 588 Hay Street,
Subaico to
Unsubscribe:
http://esp.gewru.com/forms/u/940d05f/12414/1785012532.html
---------------------------------------------------------------------------
Products & Services | Jobs
|