Quarterly Activities Report and Appendix 5B
Adelaide, Oct 31, 2012 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) announce the quarterly report with the following major highlihts. CTP entered into a farmout deal with Santos which results in a free carry for Central, subsequent to the end of the Quarter Central announced a settlement with Century Energy Services Pty Ltd, first oil to market from the Surprise Extended Production Test ('EPT') and planning for further exploration and appraisal work at and around the Surprise prospect.
To view the full quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CTP-611706.pdf
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.
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