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Peak Helium to drill 3 wells in the Amadeus Basin in 2023

Central Petroleum Limited has entered into a farmout of various interests in the Amadeus Basin with Peak Helium. Under the farmout, Central will be funded by Peak for two new sub-salt exploration wells, one at Mt Kitty and the other at either Magee or the nearby Mahler prospect. Combined with the planned Dukas exploration well, a total of three sub-salt exploration wells will now be prioritised for drilling in the Southern Amadeus Basin. High concentrations of helium and hydrogen have already been proven in the area and there is ample capacity for helium to be exported from the existing helium plant at Darwin. The Dukas-1 well was suspended in 2019 after encountering hydrocarbon-bearing gas and helium (2%) from an over-pressurised zone prior to reaching the primary sub-salt target. The Mt Kitty-1 well was drilled in 2014, with gas flow containing hydrocarbons, helium (9%) and hydrogen (11.5%).

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