Central Petroleum Limited's (ASX:CTP) (OTCMKTS:CPTLF) ("Central" or "Company") joint venture partner, Santos QNT Pty Ltd ("Santos"), has exercised its option to acquire a 50% participating interest in and be appointed operator of EP(A)111 and EP(A)124. Santos' option to acquire this interest was granted as part of Central's acquisition of a 50% interest in the Mereenie Oil & Gas Field announced to the ASX on 4 June 2015.

The EP(A)s are located in the Southern Amadeus Basin and adjacent to existing Santos operated areas in joint venture with Central. Central will retain a 50% participating interest in these EP(A)s.


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: Santos increases its interest in EP(A)111 and EP(A)124


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