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

Brisbane, April 30, 2019 AEST (ABN Newswire) - Central Petroleum Limited (googlechartASX:CTP) provides the Company's Quarterly Activities Report.

HIGHLIGHTS

- The Dukas-1 exploration well progressed during the quarter, with spudding on 16 April 2019 and total depth anticipated by mid-CY2019.

- The Mereenie field successfully operated at significantly elevated production levels following a facility upgrade, enabling the Company to meet all firm sales obligations.

- Total sales volume over the quarter was 3.7 PJE, a 190% increase over the March 2018 quarter.

- Net cash flow from operations, after exploration, interest and unallocated G&A, was $8.5 million(including CY2018 take-or-pay receipt of $5.1 million) with a cash balance at the end of the quarter of $19.3 million (up from $10.9 million at 31 December 2018).

To view the full report, please visit:
http://abnnewswire.net/lnk/NGB624P5


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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