Mitigating the Australian Energy Crisis
Latest Company Presentation
Brisbane, Nov 15, 2017 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) (CPTLF:OTCMKTS) provides the Company's latest presentation titled "Closing the Gap (Gas Acceleration Programme)".
OPERATIONAL UPDATE
Consideration: Stairway Testing programme
Update: - Continued through 2017:
o West Mereenie 15 free flowing gas from Stairway at sustainable rates with a low nitrogen content of 2.6%
o Palm Valley natural fracture modelling underway
Consideration: Dingo Upgrade -TEG
Update: - TEG unit being ordered in time as part of the Dingo upgrade for the Owen Springs Power Station upgrade
Consideration: Production workforce
Update: - Production workforce in the Northern Territory transformed to:
o 1/3 local indigenous
o 1/3 local non-indigenous
o 1/3 FIFO
Consideration: Local economic activity
Update: - Local economic activity is around $3.4 million annually -an increase of $2.8 million p.a. since assuming operatorship of producing gas fields in the Northern Territory
To view the full presentation, please visit:
http://abnnewswire.net/lnk/HYHB1399
About Central Petroleum Limited
Central 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.
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