Latest Company Presentation
Brisbane, Aug 18, 2014 AEST (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (CPTLF:OTCMKTS) provides the Latest Company Presentation. A short overview is produced below.
Overview
- Australia's domestic gas market facing supply shortfall in next 5 years
- Golden opportunity for N.T. to be a 'key' supplier of domestic and east coast markets
- Comparable to QLD's gas exploration boom displacing the PNG pipeline
- Aggregated gas supplies include 'Gove provision' and existing on- and offshore reserves to underpin N.T. - East Coast pipeline for domestic market
- Price signals and open markets will drive exploration and supply, creating Gas Revolution for N.T. Requires Government endorsement.
- Central can be a major player in the solution through targeting 200 PJs available reserves for sale into the inter-connected domestic market
- Local communities and Traditional Owners would benefit from N.T. gas industry through royalties and employment - over 30% of Central's production workforce are Traditional Owners
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CTP-688018.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.
| ||
|