Central Petroleum Limited Stock Market Press Releases and Company Profile
Quarterly Activities Report and Appendix 5B
Quarterly Activities Report and Appendix 5B

Brisbane, Jan 30, 2015 AEST (ABN Newswire) - With the recent drop in oil price, Central Petroleum Limited's (googlechartASX:CTP) (googlechartCPTLF:OTCMKTS) strategic move to become a focussed domestic gas producer proved prescient. In February 2014 the Company announced the acquisition of the Palm Valley and Dingo fields.

HIGHLIGHTS

- COAG endorses Northern Territory Gas Interconnect Process (NEGI) and 14 companies express interest;

- Central Petroleum enters into Framework Agreement with Incitec Pivot to supply up to 15PJ per annum from 2017 subject to certain conditions centered around NEGI and includes a provision for funding support;

- Company focus on increasing gas reserves through Gas Acceleration Project (GAP) aimed at supplying a domestic gas shortfall;

- Dingo Development on time, under budget and fully funded by debt;

- Surprise Oil Field averages 157 BOPD for quarter with 96.4% uptime (i.e. produced every day); and

- Gaudi #1 unconventional gas well results encouraging and being evaluated.

To view the full report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CTP-708340.pdf


About Central Petroleum Limited

Central Petroleum LimitedCentral Petroleum Limited (ASX:CTP) is a well-established, and emerging ASX-listed Australian oil and gas producer. 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.

abnnewswire.com 


Contact

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



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