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

Brisbane, July 21, 2016 AEST (ABN Newswire) - Central Petroleum Limited (googlechartASX:CTP) are pleased to provide the latest Company presentation, 'Developing the Northern Territory, Serving Australia's Gas Needs'.

Central at a Glance

Central Petroleum Limited ("Central") is an oil and gas explorer and producer with technical expertise over the on-shore basins of Central Australia.

Central's Core Objectives:

- Continue to develop technical excellence in Central Australia's oil and gas basins

- Create markets to unlock Central Australia's vast on-shore energy potential

- Making a positive difference in the communities where we operate

Central's Asset Portfolio:

2 major Exploration Joint Ventures: (~$340M over three phases)
- Total
- Santos

3 Producing Assets: Mereenie, Palm Valley & Dingo Fields

Over 50% of our exploration acreage is held on a 100% basis - Prime gas exploration potential near infrastructure and the AGP & NGP pipelines Over 75% of current revenue under long-term fixed price gas contracts.

Seeking new sales into the Northern Territory and the East Coast gas markets.

Central's Operations

- Vast exploration acreage and producing assets over the key oil and gas basins in Central Australia

- Transitioned from explorer / oil producer into the NT's largest on-shore gas producer and only on-shore producing gas field operator. Two major acquisitions during low commodity price cycles:

i. Palm Valley and Dingo Gas Fields - 100% Ownership (1 April 2014)

ii. Mereenie Oil and Gas Field - 50% Ownership (1 September 2015)

- Central has significant existing uncontracted gas reserves and identified gas appraisal and exploration targets.

- Central is positioned to become a new gas supplier to the East Coast through the Northern Gas Pipeline ("NGP").

- NGP will connect the Northern Territory to the Eastern Seaboard, mitigating the widely recognised East Coast gas shortfall.

To view the presentation, please visit:
http://abnnewswire.net/lnk/YHBPKV9H


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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