Central Petroleum Limited Stock Market Press Releases and Company Profile
Latest Company Presentation
Latest Company Presentation

Brisbane, Dec 7, 2017 AEST (ABN Newswire) - Central Petroleum Limited (googlechartASX:CTP) provides the Company's latest presentation.

OVERVIEW - CLOSING THE EAST COAST SUPPLY GAP

- East Coast Gas supply remains short and uncertain from 2018, despite government intervention

- Industrial demand shortfall

- New gas supplies will take 5 years after exploration restrictions/moratoriums are lifted

- Central has gas for delivery from Q4 2018 when NGP is commissioned

CENTRAL PERFECTLY POSITIONED

- In 2013, Central Petroleum publicly stated that one to two LNG trains too many were being built (annual demand 360-400 PJ)

- 2014 bought Palm Valley and Dingo gas fields relatively stranded as no gas markets in the NT

- 2015 bought 50% of Mereenie oil and gas field - gas stranded by no markets

- November 2015 - Northern Gas Pipeline (NGP) announced

- August 2016 - Pipeline Reforms started

- Mereenie with gas markets ran at 50 TJ/day (18.25 PJ p.a.) and Palm Valley at 20 TJ/day (7.3 PJ p.a.)

- NGP will commence operations within 12-months (November 2018) with 30 TJ/day contracted

- Existing Mereenie reserves sufficient to produce 50 TJ/day for 5-years

To view the full presentation, please visit:
http://abnnewswire.net/lnk/74MYRAM9


About Central Petroleum Limited

Central Petroleum LimitedCentral 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.

abnnewswire.com 


Contact

Investor and Media Inquiries:
Greg Bourke: +61-478-318-702
Sarah Morgan: +61-421-664-969



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