Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) ("Company" or "Central") welcomes today's final determination from the ACCC to authorise joint marketing of Mereenie gas for the Mereenie Joint Venture for three years.

Central agrees with the statement of ACCC Chairman Rod Sims that joint marketing allows further conventional gas in the Mereenie field to be developed sooner than it otherwise would, and Central looks forward to increasing supply to, and therefore competition in, the east coast gas market.


About Central Petroleum Limited

Central Petroleum Limited (ASX:CTP) 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
F: +61-7-3181-3855
E: info@centralpetroleum.com.au
WWW: www.centralpetroleum.com.au

Media Enquiries
Martin Debelle at Citadel-MAGNUS
T: +61-2-8234-0100
M: +61-409-911-189



Link: ACCC Final Joint Marketing Approval



Related Companies

Central Petroleum Limited
     


Related Industry Topics:
Gas & Oil Energy General Financial General