On 8th October, Central Petroleum announced to the market that the Palm Valley 14 well in the Amadeus Basin, was successfully drilled and will be completed as a gas producer. The well is due to be tied into the Palm Valley production facility with commissioning before month end.
PV14 is a conventional deviated well drilled into the Pacoota sandstone and is located within OL3 in the Northern Territory’s Amadeus Basin under a joint venture between Central (50% interest), Echelon Resources Limited (ASX: ECH) (35% interest) and Cue Energy Resources Limited (ASX: CUE) (15% interest).


