Central Petroleum Limited (ASX:CTP) today announced that the final payment of $10 million for Central's 50 percent interest in the Mereenie Oil and Gas Field was made to Santos Limited (ASX:STO).

Central is the Operator of the Mereenie Oil and Gas Field as well as the Operator of the Palm Valley and Dingo Gas Fields in which it has 100 percent ownership. All three fields are located in the Amadeus Basin in the Northern Territory and have significant gas reserves which are being made available to the Northern Territory and East Coast markets.


About Central Petroleum Limited

Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) 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.

 

Contact

Central Petroleum Limited
T: +61-7-3181-3800
E: info@centralpetroleum.com.au
WWW: www.centralpetroleum.com.au



Link: Central Makes Final $10 Million Mereenie Acquisition Payment



Related Companies

Santos Limited
        

Central Petroleum Limited
     


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