Central Petroleum Limited (ASX:CTP) Mereenie Plant Update

Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) ("Company" or "Central") advises that it has awarded contracts for two critical components of the Mereenie Plant Upgrade.

The first contract for the new field compressor provides for it to be delivered to site by early October in sufficient time to be installed and commissioned by 1 December 2018, the anticipated date on which the Northern Gas Pipeline should be operational.

A second contract is for the restaging of two existing compressors presently at site. The first of the two compressors is due to be re-staged and commissioned by mid-November, with the second by late November.

All-in-all the critical long lead items of the separators and these two contracts have now been let to enable the joint venture to achieve its 1 December 2018 target date.


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.

 

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