Developing Unconventional Gas Conference Presentation
Brisbane, July 28, 2015 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) are pleased to provide a company presentation titled 'Ready to Supply the Shortfall: The foundations are laid' at the Developing Unconventional Gas Conference July 2015.
Overview:
- When the NEGI pipeline is completed in 2019 the east coast Australian domestic gas market will be in short supply
- Central is an existing operator with gas resources across producing assets and their infrastructure and pipelines, and Australia's largest exploration portfolio
- Central aims to produce gas at $1/GJ, excluding operating costs. Unconventional gas is currently costing $4/GJ. East Coast competitors have pre-sold into LNG contracts at oil linked prices.
- Australia's LNG export industry requires gas far in excess of Australia's current production, creating an export option for Central Petroleum.
- Central is in JVs with Australian leader Santos and international major Total
- Central's MD and CEO Richard Cottee is a highly experienced Oil & Gas executive, who developed the Queensland Gas Company (QGC) and led the gas industry in Queensland
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CTP-727623.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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