Latest Company Presentation
Brisbane, April 9, 2014 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) (CPTLF:OTCMKTS) present the company's latest Company Presentation including recent achievements, and immediate expectations for the near term production.
Following is an excerpt from the presentation.
Oil and Gas Production Overview
- From March 2014, CTP will be producing oil and gas from 2 separate fields and developing a 3rd field within the Amadeus Basin
- Palm Valley and Dingo gas fields: 3.3PJ/year of gas sold under long-term contracts into the NT market
- Surprise Oil Discovery: 400 - 500 bpd target for existing SW-1 well; 2nd well east of the fault (SE-1) scheduled for mid to late 2nd quarter 2014 expected to increase production and reserves
- Gross revenue forecast between $20M - $30M / year
- Source of organic funding to support ongoing regional exploration activities
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CTP-673590.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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