Central Petroleum Limited (ASX:CTP) today has executed a Gas Sales Agreement with Incitec Pivot Limited whereby Central will deliver at least 20 TJ/d of gas to IPL on an ex-field basis from its Palm Valley and Mereenie fields. The gas will be delivered from the commencement of commercial operations on the Northern Gas Pipeline (currently anticipated to be December 2018) till 31 December 2019.
Central Petroleum Limited
Central Petroleum Limited (ASX:CTP) is an oil and gas explorer and producer listed on the Australian Securities Exchange focused on supplying the domestic gas market. Central is advancing several separate projects across what is regarded as the biggest package of proven and prospective oil and gas acreage across central Australia. This spread of assets gives Central multiple options for growth and development. 88% of this land being gas prone has led to the Company's focus on becoming a major domestic gas producer.
Central Petroleum Limited (ASX:CTP) provides the Company's latest Presentation at Credit Suisse 5th Annual Australian Energy Conference.
Central Petroleum Limited (ASX:CTP) as operator of the Mereenie Joint Venture announces that conductors and surface casing were successfully run and cemented to a depth of 544.8 metres in the West Mereenie 26 well.
As Central Petroleum Limited (ASX:CTP) enters its growth phase with the Northern Gas Pipeline becoming operational in December, the Company has significantly strengthened its management capabilities and taken the opportunity to have an orderly succession plan.
Central Petroleum Limited (ASX:CTP), as Operator of the Mereenie Joint Venture (Central 50%/Macquarie Mereenie Pty Ltd 50%), announces that the West Mereenie 26 well spudded last night at 8:15pm AEST.
Central Petroleum Limited (ASX:CTP) (OTCMKTS:CTPLF) announces that a webinar presentation will be delivered by the Managing Director, Mr Richard Cottee
Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) provides the Company's Quarterly Activities Report.
In his address to shareholders at the last Annual General Meeting, the Chairman of Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) Robert Hubbard, foreshadowed his intention to stand down as Chairman around the end of this financial year.
Central Petroleum Limited (ASX:CTP) advises that the Ensign Rig is expected to be fully at the site at Mereenie by next week. The rig crew have been selected with the site preparation continuing apace. It is anticipated that West Mereenie-26 will be spudded on 20 to 21 April and the drilling will take 35 to 40 days.
Central Petroleum Limited (ASX:CTP) has undertaken a review of the maximum delivery capability of the existing Palm Valley wells to determine what production rates could be achieved without considering the Palm Valley-13 well, which will be drilled this fiscal year.