Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) provides the Company's Quarterly Activities Report For the Quarter ended 31 December, 2017.

HIGHLIGHTS

- A webinar presentation was held by the Managing Director on 9 October 2017 to discuss the Annual Report for the year ended 30 June 2017.

- Testing of the Stairway Sandstone at Mereenie from the previously drilled West Mereenie 15continues free flowing gas at sustainable rates with a low nitrogen content of 2.6%. Additional recompletion opportunities have been identified.

- The Annual General Meeting of Shareholders was held on 29 November 2017 with all resolutions passed by Shareholders.

- Dr Sarah Ryan, Mr Martin Kriewaldt and Mr Tim Woodall joined the Central Board as independent Non-executive Directors as part of Central's commitment to augment and strengthen the current Board.

- Cash balance at the end of the quarter was $28.6 million.

To view the full report, please visit:
http://abnnewswire.net/lnk/DW8PM5W1


About Central Petroleum Limited

Central Petroleum Limited (Central) is a well-established, and emerging ASX-listed Australian oil and gas producer (ASX:CTP). In our short history, Central has grown to become the largest onshore gas producer in the Northern Territory (NT), supplying industrial customers and senior gas distributors in NT and the wider Australian east coast market.

Central is positioned to become a significant domestic energy supplier, with exploration and development plans across 180,000 km2 of tenements in Queensland and the Northern Territory, including some of Australia's largest known onshore conventional gas prospects. Central has also completed an MoU with Australian Gas Infrastructure Group (AGIG) to progress the proposed Amadeus to Moomba Gas Pipeline to a Final Investment Decision.

We are also seeking to develop the Range gas project, a new gas field located among proven CSG fields in the Surat Basin, Queensland with 135 PJ (net to Central) of development-pending 2C contingent resource.

 

Contact

Investor and Media Inquiries:
Greg Bourke: +61-478-318-702
Sarah Morgan: +61-421-664-969



Link: Quarterly Activities Report & CashFlow Report


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