Australia, Here We Come

Central Petroleum Limited (ASX:CTP) provides the Company's latest presentation at Noosa Mining & Exploration Conference.

CENTRAL'S STRATEGY

PHASE 1

- Northern Territory interconnected with east coast gas market via Northern Gas Pipeline (NGP) -commencement scheduled for late 2018

- Pipeline reform to mitigate pipeline transportation costs -COAG pipeline reforms are currently being implemented

- Upgrade of existing facilities in progress to be capable of processing 15.43 PJ/year of firm gas (net to Central) -commencement scheduled for late 2018

- 184% increase in gas sales following commencement of the NGP later this year

PHASE 2

- Aim was to prove up the Stairway and Ooraminna

- Increase recovery from Palm Valley -drilling PV-13

- WM-26 proved the Stairway to be gas bearing and the natural occurrence of fractures but the fractures are closed up by mineralisation. Further work required to determine best method to address mineralisation

- Develop ATP 2031 as soon as possible by drilling a 9 well programme in joint venture with Incitec Pivot Limited (Central free-carry) -targeting 15 to 20 PJ/year (gross) (7.5 to 10 PJ/year net to Central)

- Results of present programme will inform development plan needed to prove up Phase 2 reserves

To view the full presentation, please visit:
http://abnnewswire.net/lnk/LY22410Q


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: Latest Company Presentation



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