Gold Coast Investment Showcase Presentation
Brisbane, June 18, 2015 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) (CPTLF:OTCMKTS) Gold Coast Investment Showcase Presentation featuring the Mereenie Oil and Gas field.
Acquisition Overview:
CTP will acquire a 50% interest in the Mereenie Oil & Gas Field from Santos and assume Operatorship
CTP will become Operator across all 3 producing gas fields in Central Australia
Total acquisition cost of A$55m funded by debt and available cash
Compelling value driver (CTP Base IRR > 20%) with immediate benefits to net cash flow and debt financing costs
Substantial upside potential:
- Significant undeveloped oil reserves not valued (oil price rebound potential)
- Significant uncontracted gas reserves and installed production ~ 45TJ/d. New sales opportunities into NT domestic, East Coast (NEGI), or Darwin LNG with low marginal production costs across CTP's portfolio (<$1.50/GJ)
Mereenie is the catalyst to connecting Central Australia with high value markets which will re-rate our surrounding exploration acreage and stimulate new exploration investment
For the full presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CTP-724074.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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