September 2016 Investor Roadshow Presentation
Brisbane, Sep 20, 2016 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) (CPTLF:OTCMKTS) is pleased to provide the Company's September 2016 Investor Roadshow Presentation.
Change in NT Government has no impact on Central.
Central Petroleum Limited ("Central") is a conventional gas producer and is not affected by the change of government as:
- 54%of our staff are locally employed
-- If NGP reaches full capacity with CTP gas then this will rise to 75%.
- 26% of our staff are indigenous.
- 40% of Alice Springs' electricity is generated using CTP gas.
- $1.5M extra local economic activity annually.
- Over $3M in Northern Territory and CLC Royaltiesthis financial year.
-- Only onshore gas pays royalties to the NT.
"The markets unlocked by Northern Gas Pipeline will generate further employment opportunity at Central for the people of Alice Springs."
Central at a glance.
We have technical expertise over the on-shore basins of Central Australia and a distinct competitive advantage in operating efficiencies within the NT giving us the ability to deliver gas to Australia's east coast by 2018.
Central's Core Objectives:
- Continue to develop technical excellence in Central Australia's oil and gas basins
- Create markets to unlock Central Australia's vast on-shore energy potential
- Making a positive difference in the communities where we operate
Central's Asset Portfolio:
2 major Exploration Joint Ventures:
- Total
- Santos
(~$340M over three phases)
3 Producing Assets: Mereenie, Palm Valley & Dingo Fields.
Over 50% of our exploration acreage is held on a 100% basis -Prime gas exploration potential near infrastructure and the AGP & NGP pipelines.
Over 75% of current revenue under long-term fixed price gas contracts.
Seeking new sales into the Northern Territory and the East Coast gas markets.
To view the presentation, please visit:
http://abnnewswire.net/lnk/013F96W6
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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