Past year: ▼ 6%(5.80c – 9.30c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
24 May 2022drilling progress report● Neutral
NZOG repeats Central's update: Palm Valley-12 reached 1,880m on 23 May in the Pacoota P1 zone, where it appears to have hit the fracture system, which is encouraging. Fluid losses slowed drilling to 193m for the week.
24 May 2022drilling progress report● Neutral
Palm Valley-12 reached 1,880m on 23 May in the Pacoota P1 zone, the field's main producing layer. It appears to have hit the gas-carrying fracture system, which is encouraging; fluid losses slowed drilling to 193m for the week.
17 May 2022drilling progress report● Neutral
NZOG repeats Central's update: Palm Valley-12 reached 1,687m on 16 May in the Lower Stairway Formation, with 584m drilled in the week. The 12 1/4-inch section is expected to finish near 2,005m on 18 May. No new information.
17 May 2022drilling progress report● Neutral
Palm Valley-12 reached 1,687m on 16 May, with 584m drilled in the week, in line with expectations. The current hole section is expected to finish at about 2,005m on 18 May. Routine progress, no new result.
11 May 2022drilling scheduled● Neutral
NZOG, citing Central, says a possible extra Pacoota P3 appraisal target could be added to Palm Valley-12, and that drilling costs are about $3.1M over to 30 April with more rises expected. Decisions come after the deep target is evaluated. Partner restatement of Central's news.
11 May 2022drilling scheduled● NeutralMajor
Central flags Pacoota-3, about 90m below the main producing zone, as a possible extra appraisal target in Palm Valley-12, but wells are $3.1M (gross) over forecast to 30 April. Central's share is carried by NZOG and Cue. The P3 decision may change timing and cost.
10 May 2022drilling progress report● Neutral
NZOG repeats Central's update: Palm Valley-12 reached 1,103m on 9 May, finishing the 17.5-inch section. The 13 3/8-inch casing is cemented and drilling resumes in 12 1/4-inch hole. No new information.
10 May 2022drilling progress report● Neutral
Palm Valley-12 reached 1,103m on 9 May, the planned depth for the first hole section. Casing is cemented and pressure tests done; drilling ahead in smaller hole from 10 May. Routine progress, no new result.
3 May 2022drilling progress report● Neutral
Palm Valley-12 reached 820m by 2 May, with 599m drilled in the past week, and is drilling ahead. The 17.5-inch section is planned to 1,100m before casing; the Arumbera target remains about 3,560m. Routine progress, no new result.
3 May 2022drilling progress report● Neutral
NZOG repeats Central's weekly update: Palm Valley-12 at 820m on 2 May, drilling ahead, with 599m drilled in the week. No new information.
26 Apr 2022drilling progress report● Neutral
Palm Valley-12 reached 221m by 25 April after the 20-inch conductor was cemented, and is drilling ahead. Total depth of 3,980m is still expected in early June. Routine progress with no new result.
26 Apr 2022drilling progress report● Neutral
NZOG repeats Central's weekly update: Palm Valley-12 reached 221m by 25 April and is drilling ahead, with total depth of 3,980m expected in early June. No new information.
19 Apr 2022drilling spud● Neutral
NZOG reports Palm Valley-12 began drilling on 17 April 2022, targeting the Arumbera Sandstone about 1,300m below the producing zones, with total depth near 4,144mMD in roughly 61 days. Partner repeat of Central's news; NZOG will give weekly updates.
19 Apr 2022drilling spud▲ GoodMajor
Palm Valley-12 spudded on 17 April 2022, the deepest well planned in the Amadeus Basin, targeting 123 PJ mean prospective resource (61.5 PJ net to Central, free-carried). Target depth expected early June; a Pacoota sidetrack is the fallback. Dingo-5 follows. This starts the long-awaited exploration program.
7 Mar 2022resource reserve update● Neutral
Cue notes Central's updated Mereenie, Palm Valley and Dingo reserves and will fold any impact into its regular reporting, along with results from the coiled tubing campaign and upcoming Palm Valley and Dingo drilling. Partner commentary only; no new figures.
7 Mar 2022resource reserve update● Neutral
NZOG notes Central's updated Mereenie, Palm Valley and Dingo reserves but has not adopted the new volumes, pending coiled tubing and upcoming drilling results. Its own reserves assessment is unchanged. Partner commentary only.
3 Mar 2022resource reserve update▲ GoodMajor
Reserves at 31 Dec 2021 are 62.2 PJe (1P), 75.4 PJe (2P) and 92.2 PJe (3P), with Range 2C unchanged at 135.1 PJ. Palm Valley and Dingo 2P rose by 1.7 and 2.3 PJ; Mereenie had a slight cut.
28 Feb 2022drilling result▲ Good
Range-9 reached 702m with 29.8m of net coal, 17% more than at the initial pilot location. Both step-out wells go online late March, subject to wet weather, then undergo months of water testing before any FID decision.
21 Feb 2022drilling scheduled● Neutral
Ensign Rig 963 has been released from Buru's work and is mobilising to Palm Valley. Spud of Palm Valley Deep is on schedule for late March 2022, following the January delay.
17 Feb 2022drilling result▲ Good
Range-10 reached 624m with 28.6m of net coal, 12% more than at the initial pilot site; Range-9 spudded 16 February. Water testing, which will guide the FID path, starts late March. Coal thickness is encouraging but not yet proof of performance.
9 Feb 2022farm in farm out agreement▲ GoodMajor
Central farms out interests in EP82, EP112 and EP125 to Peak Helium, which will fund Central's costs (capped at $20M gross per well) for two sub-salt wells at Mt Kitty and Magee/Mahler. Central's EP112 interest falls from 45% to 35%, with Dukas drilling planned 2023. Resolves the Peak talks.
7 Feb 2022drilling spud● Neutral
Range-10, the first of two Range step-out pilot wells, spudded on 5 February 2022 with a 630m target depth. It will be tested for several months to confirm water and gas flow rates, continuing the pilot toward a 2023 FID.
27 Jan 2022drilling scheduled▼ Bad
NZOG repeats Central's news: Ensign 963 is delayed about a month, mobilising to Palm Valley in late February, with Palm Valley-12 spudding a couple of weeks later. Dingo-5 will follow back-to-back. No new information.
27 Jan 2022drilling scheduled▼ Bad
Cue repeats Central's news: Ensign 963 is delayed roughly a month, mobilising to Palm Valley in late February with Palm Valley-12 starting in March 2022. Dingo-5 follows back-to-back. No new information.
25 Jan 2022drilling scheduled▼ Bad
The Ensign 963 rig, contracted for the Palm Valley and Dingo exploration wells, is delayed about a month by Buru's drilling problems; it now mobilises late February with spud in March 2022 (previously mid-February). Range 9 and 10 step-outs now expected to start early February after heavy rain.
20 Dec 2021drilling scheduled● NeutralMajor
Ensign Rig 963 is contracted for Palm Valley Deep and Dingo exploration wells, with spud expected first half of February 2022. Range 9 and 10 step-outs are delayed by rain, and Zevon seismic awaits heritage clearances. Mereenie sales capacity is about 35 TJ/d, with reserves update due Q1 2022.
20 Dec 2021drilling scheduled● Neutral
Cue repeats Central's update: Ensign Rig 963 contracted, spud mid-February 2022 for Palm Valley-12/12A and Dingo-5. Coil tubing work aims to lift Mereenie sales capacity from about 35 to 37 TJ/d. No new information.
20 Dec 2021drilling scheduled● Neutral
NZOG repeats Central's update: Ensign Rig 963 is contracted for Palm Valley-12/12A and Dingo-5, with spud expected mid-February 2022. A coil tubing unit goes to Mereenie in January, and Palm Valley-13 is outperforming. No new information.
27 Sept 2021drilling result● Neutral
NZOG re-releases Central's news that WM27 and WM28 are complete and the rig released. WM28 is producing, WM27 awaits regulatory approvals before tie-in, and the program adds about 10 TJ/d. Notes the Central sale completes 1 October. No new information.
27 Sept 2021drilling result● Neutral
Cue re-releases Central's WM27 and WM28 completion news, noting about 10 TJ/d of added capacity and the sale completing on 1 October 2021. The attached text is partly garbled, but the Cue part is readable. No new information.
