Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) is pleased to provide the company's Managing Director's Presentation at 2016 AGM.

The NGP is being built

- Jemena is constructing and is contractually committed to build a 622km pipeline linking the NT to the east coast market at a cost of around $800M

- A 12-inch pipeline has been selected, initially capable of 90TJ/d (potential to increase capacity up to 160TJ/d with compression)

- Work has begun on the NGP, including approvals, design and long lead procurement

- Pipe has been ordered and the first delivery is within 30 days

- On schedule for gas to flow to east coast markets from 2018

Central at a glance

We have technical expertise over the on-shore basins of Central Australia and a distinct competitive advantage in operating efficiencies within the NT giving us the ability to deliver gas to Australia's east coast by 2018.

Central's Core Objectives:

- Continue to develop technical excellence in Central Australia's oil and gas basins

- Create markets to unlock Central Australia's vast on-shore energy potential

- Making a positive difference in the communities where we operate

Central's operated gas fields

Central's Operates 3 Producing Fields:

- Mereenie

- Palm Valley

- Dingo

Current Reserves (Gross JV)

- 207 PJ of 2P

- 234 PJ of 2C

Production Capacity (Gross JV)

- All fields ~45 TJ/d

- All facilities ~65 TJ/d

Appraisal Program

- Five additional reserve opportunities identified near existing fields

Central has become Central

- NGP is being built

- Capacity exists for our production from existing reserves

- Mereenie has the existing infrastructure

- Appraisal of more reserves unaffected by change of government

- Inventory of prospects

- EBITDAX positive last year with only 10 months of Mereenie and despite oil bottoming at US$30/bbl

To view the presentation, please visit:
http://abnnewswire.net/lnk/29RDP6WT


About Central Petroleum Limited

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

 

Contact

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



Link: 2016 AGM - Managing Director's Presentation to Shareholders


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