Latest Company Presentation
Brisbane, Sep 26, 2017 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) (CPTLF:OTCMKTS) provide the latest company presentation. The ACCC released its Inquiry into the east coast gas market in April 2016:
- Comprehensive and "fully informed" assessment of the east coast gas market
- 12 month study with unprecedented access to confidential market information
- Key findings:
1. New gas supply is urgently needed
2. At risk capital investment from gas producers is required now
3. Efficient pricing for existing pipelines is critical to a market based response
4. Without the above, demand destruction will occur (lost jobs, higher energy costs)
CTP's Position
- Fully funded four hole appraisal programme over three fields in first half of 2018.
- Brown Field Development with 70TJ/day existing plant with NGP having 60TJ/day capacity available in late 2018.
- If drilling confirms prognosis and pipeline reforms synergistic with reforms on "uncovered" pipeline, Mereenie Gas (including ex-field costs) can be delivered at around $5/GJ to Sydney.
- CSG marginal ex-field predicted $5.70/GJ. ACCC reference prices is $7.77/GJ Southern $5.87 QLD.
- Price will be long term $8-$10/GJ citygate.
- Annual incremental royalties for Northern Territory if drilling confirms prognosis is $10.5m to $16m to NT Government and $2.3m to $3.5m to CLC.
- "Covered pipelines" to come.
- Day ahead auction for capacity to come.
To view the presentation, please visit:
http://abnnewswire.net/lnk/F941OSGD
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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