Central Petroleum Limited (ASX:CTP) Spuds Simpson 1, Pedirka Basin

  Adelaide, Australia, Oct 1, 2008 - (ABN Newswire) - Central Petroleum Limited (ASX:CTP)(PINK:CPTLF) has today spudded Simpson 1, approximately 100km to the southeast of the recent successful Coal Bed Methane well, CBM93001. The well is targeting Undiscovered Oil Initially In Place of up to 190 MMbbls ( & quot;high & quot; estimate UOIIP) in the Jurassic Algebuckina and Poolowanna Formations and the Permian Tirrawarra Formation.  

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