Central Petroleum to Commence East Coast Gas Sales
Central Petroleum to Commence East Coast Gas Sales
Brisbane, Jan 3, 2019 AEST (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CPTLF) ("Company" or "Central") announces that its customer Incitec Pivot (ASX:IPL) ("Incitec") has advised Central that its Gas Sales Agreement with Incitec will commence on the 3rd of January 2019 when the Northern Gas Pipeline commences Commercial Operations.

Central also announces that the new Field Boost Compressor at Mereenie is now successfully running meaning that all of the Mereenie Facility Upgrade equipment is available to deliver gas to customers.


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.

 


Contact

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



Related Companies

Incitec Pivot Ltd        
Central Petroleum Limited      

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