Update on EP 97 Farmin
Perth, Feb 29, 2012 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) ("Central") advises that it has agreed with Rawson Resources Limited ("Rawson") to combine all of Central's current EP 97 farmins of the Simpson, Bejah and Pellinor blocks into one farmin arrangement.
Central's farmin of the Dune Block (which Central is yet to earn an interest) has been removed from the previous farmin deal with Rawson. However, Central has the first right (but not the obligation) to match any bona fide offer which Rawson receives and wishes to accept relating to Rawson's farmout of the Dune Block.
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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