Central Petroleum Clarification of Media Speculation
Perth, April 16, 2012 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) has become aware of certain press speculation in which Hess Corp (NYSE:HES) is stated to be a preferred farm-in partner for the Company.
Hess Corp is a large internationally recognised oil & gas company with interests onshore Australia, however, the Company currently has no preferred farmin partners.
Any farm-ins which the Company may consider will take into consideration, among other things, the terms of the farm-in offered and the financial and other capabilities of the potential farminee.
About Central Petroleum Limited
Central Petroleum Limited (
ASX:CTP) is an established ASX-listed Australian oil and gas producer (ASX:CTP) with exploration and appraisal permits in the Northern Territory (NT). Central has grown to become the largest onshore gas operator in the NT, supplying residential and industrial customers in the NT and wider Australian east coast market.
Central is seeking to become a major domestic energy supplier, in addition to helium and naturally occurring hydrogen, with exploration, appraisal and development plans across 169,112 km2 of tenements the NT, including some of Australia's largest known onshore conventional gas prospects in the Amadeus Basin.
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