Mitigating the Australian Energy Crisis

Brisbane, Nov 15, 2017 AEST (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) provides the Company's latest presentation titled "Closing the Gap (Gas Acceleration Programme)".

OPERATIONAL UPDATE

Consideration: Stairway Testing programme

Update: - Continued through 2017:

o West Mereenie 15 free flowing gas from Stairway at sustainable rates with a low nitrogen content of 2.6%

o Palm Valley natural fracture modelling underway

Consideration: Dingo Upgrade -TEG

Update: - TEG unit being ordered in time as part of the Dingo upgrade for the Owen Springs Power Station upgrade

Consideration: Production workforce

Update: - Production workforce in the Northern Territory transformed to:

o 1/3 local indigenous
o 1/3 local non-indigenous
o 1/3 FIFO

Consideration: Local economic activity

Update: - Local economic activity is around $3.4 million annually -an increase of $2.8 million p.a. since assuming operatorship of producing gas fields in the Northern Territory

To view the full presentation, please visit:
http://abnnewswire.net/lnk/HYHB1399


About Central Petroleum Limited

Central Petroleum LimitedCentral Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) 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



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