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Central Petroleum finishes initial flow test at Surprise

Central Petroleum (ASX: CTP) has finished initial flow testing of the Surprise-1 Re-entry H well and is working towards starting an extended production test, anticipated within two to three months.

The initial flow testing at Surprise-1 recorded a sustained flow rate of 380 barrels per day with a low 4.4% drilling fluid and/or water cut.

The final pressure build up was 523 pounds per square inch.

Central plans to seek agreement on a sales contract, along with the necessary permitting, approvals and logistics for oil production during the extended production test.

This test is expected last several months.

The relevant geological, petrophysical and flow testing data gathered from the initial drilling program along with seismic data will be analysed to better define the reservoir potential and design the extended petroleum test.

Central is also considering options for a second well at the Surprise prospect, prior to running a 3D seismic program and using the existing drilling rig.