Brisbane, Sep 30, 2013 AEST (ABN Newswire) - Live Webcast to the Sydney Capital Markets, Central Petroleum (ASX:CTP) (CPTLF:OTCMKTS) MD Richard Cottee outlined the company's objectives in being part of developing Australia's Energy Centre.
Richard Cottee BA, LLB(Hons) Managing Director. The Corporate Goal of the Company is "to become the predominant producer of petroleum and value added products in a central Australian energy hub."
With a strong track record of providing investor returns through his previous leadership of Queensland Gas (QGC) and expertise in developing energy assets for Australia, Mr Cottee presented the "way forward" for CTP.
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About Central Petroleum Limited
Central Petroleum Limited (ASX:CTP) is a well-established, and emerging ASX-listed Australian oil and gas producer. 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.