Latest Company Presentation
Brisbane, April 9, 2014 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) (CPTLF:OTCMKTS) present the company's latest Company Presentation including recent achievements, and immediate expectations for the near term production.
Following is an excerpt from the presentation.
Oil and Gas Production Overview
- From March 2014, CTP will be producing oil and gas from 2 separate fields and developing a 3rd field within the Amadeus Basin
- Palm Valley and Dingo gas fields: 3.3PJ/year of gas sold under long-term contracts into the NT market
- Surprise Oil Discovery: 400 - 500 bpd target for existing SW-1 well; 2nd well east of the fault (SE-1) scheduled for mid to late 2nd quarter 2014 expected to increase production and reserves
- Gross revenue forecast between $20M - $30M / year
- Source of organic funding to support ongoing regional exploration activities
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CTP-673590.pdf
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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