Central Petroleum Limited Stock Market Press Releases and Company Profile
CPSA Roadshow Presentation
CPSA Roadshow Presentation

Brisbane, Oct 24, 2016 AEST (ABN Newswire) - Central Petroleum Limited (googlechartASX:CTP) (googlechartCPTLF:OTCMKTS) is pleased to provide its CPSA Roadshow Presentation held in October 2016.

The NGP is being built

- Jemena is constructing and is contractually committed to build a 622km pipeline linking the NT to the east coast market at a cost of around $800M

- A 12-inch pipeline has been selected, initially capable of 90TJ/d(potential to increase capacity up to 160TJ/d with compression)

- Work has begun on the NGP, including approvals, design and long lead procurement

- Pipe has been ordered and the first delivery is within 30 days

- On schedule for gas to flow to east coast markets from 2018

Change in NT Government has no impact on Central

Central Petroleum Limited ("Central") is a conventional gas producer and is not affected by the change of government as:

- 54% of our staff are locally employed

-- If NGP reaches full capacity with CTP gas then this will rise to 75%

- 26% of our staff are indigenous

- 40% of Alice Springs' electricity is generated using CTP gas

- $1.5M extra local economic activity annually

- Over $3M in Northern Territory and CLC Royaltiesthis financial year

-- Only onshore gas pays royalties to the NT

"The markets unlocked by Northern Gas Pipeline will generate further employment opportunity at Central for the people of Alice Springs."

Central at a glance

We have technical expertise over the on-shore basins of Central Australia and a distinct competitive advantage in operating efficiencies within the NT giving us the ability to deliver gas to Australia's east coast by 2018.

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:

Two major exploration joint ventures (~$340M over three phases):

- Total
- Santos

3 Producing Assets: Mereenie, Palm Valley and 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 operated gas fields

Central's Operates 3 Producing Fields:

- Mereenie
- Palm Valley
- Dingo

Current Reserves (Gross JV)

- 207 PJ of 2P
- 234 PJ of 2C

Production Capacity (Gross JV)

- All fields ~45 TJ/d
- All facilities ~65 TJ/d

Appraisal Program

- Five additional reserve opportunities identified near existing fields

To view the presentation, please visit:
http://abnnewswire.net/lnk/6WP9P77D

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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