Mitigating the Australian Energy Crisis
Latest Company Presentation
Brisbane, Nov 15, 2017 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) (CPTLF:OTCMKTS) provides the Company's latest presentation titled "Closing the Gap (Gas Acceleration Programme)".
OPERATIONAL UPDATE
Consideration: Stairway Testing programme
Update: - Continued through 2017:
o West Mereenie 15 free flowing gas from Stairway at sustainable rates with a low nitrogen content of 2.6%
o Palm Valley natural fracture modelling underway
Consideration: Dingo Upgrade -TEG
Update: - TEG unit being ordered in time as part of the Dingo upgrade for the Owen Springs Power Station upgrade
Consideration: Production workforce
Update: - Production workforce in the Northern Territory transformed to:
o 1/3 local indigenous
o 1/3 local non-indigenous
o 1/3 FIFO
Consideration: Local economic activity
Update: - Local economic activity is around $3.4 million annually -an increase of $2.8 million p.a. since assuming operatorship of producing gas fields in the Northern Territory
To view the full presentation, please visit:
http://abnnewswire.net/lnk/HYHB1399
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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