Central Petroleum Limited Stock Market Press Releases and Company Profile
Dingo Pipeline Licence Granted and Site Works Commenced
Dingo Pipeline Licence Granted and Site Works Commenced

Brisbane, July 21, 2014 AEST (ABN Newswire) - Central Petroleum Limited (googlechartASX:CTP) (googlechartCPTLY:OTCMKTS) ("Company" or "Central") today announced the Dingo Pipeline Licence No. 30 (PL30) had been agreed with the Northern Territory Department of Mines and Energy, which had previously granted Petroleum Production Licence L7.

On 10 July 2014 the Department of Mines and Energy also approved the Dingo Gas Field Preliminary Field Development Plan and the Dingo Gas Field Preliminary Reservoir Management Plan.

Authority to clear and grade has been granted and site works have commenced.

"The commencement of the site works for this strategic pipeline is a major milestone and signifies the start of Central being a significant player in the NT gas market," said Central Petroleum Managing Director, Richard Cottee.

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.

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Contact

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



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