Central Petroleum Limited Stock Market Press Releases and Company Profile
Latest Company Presentation
Latest Company Presentation

Brisbane, Oct 10, 2018 AEST (ABN Newswire) - Central Petroleum Limited (googlechartASX:CTP) provides the Company's latest presentation.

Key achievements (last 12 months)

- Increased FY18 gas sales by 46% while remaining focused on safe, reliable and responsible operations

- Materially progressed 2 Facility Projects targeting a significant increase in gas production capacity to at least 41Tj/d by December 2018

- Contracted significant new gas supply commencing in December 2018 that will almost triple existing contracted volumes.

- Substantially completed a 2-well appraisal drilling programme (West Mereenie 26 completed, Palm Valley in progress)

- Awarded new CSG acreage in Queensland covering 77km2, targeting 150-180 PJ potentially recoverable

NGP -A catalyst for growth

- The NT gas market is small and oversupplied

- Our production assets and gas-prone exploration portfolio are currently market constrained, limiting growth

- In just 2 months, the Northern Gas Pipeline (NGP) will, for the first time, connect Central's gas assets to the critically short east coast gas market

- We are positioned to maximise initial gas sales through the NGP through our Gas Acceleration Programme (GAP). Contracted sales will nearly triple in 2019

- Significant upside in our gas assets is now possible as a result of the NGP

To view the full presentation, please visit:
http://abnnewswire.net/lnk/GPQQN5G1


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



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 5) (Last 30 Days: 29) (Since Published: 5926)