Latest Company Presentation
Brisbane, Dec 7, 2017 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) provides the Company's latest presentation.
OVERVIEW - CLOSING THE EAST COAST SUPPLY GAP
- East Coast Gas supply remains short and uncertain from 2018, despite government intervention
- Industrial demand shortfall
- New gas supplies will take 5 years after exploration restrictions/moratoriums are lifted
- Central has gas for delivery from Q4 2018 when NGP is commissioned
CENTRAL PERFECTLY POSITIONED
- In 2013, Central Petroleum publicly stated that one to two LNG trains too many were being built (annual demand 360-400 PJ)
- 2014 bought Palm Valley and Dingo gas fields relatively stranded as no gas markets in the NT
- 2015 bought 50% of Mereenie oil and gas field - gas stranded by no markets
- November 2015 - Northern Gas Pipeline (NGP) announced
- August 2016 - Pipeline Reforms started
- Mereenie with gas markets ran at 50 TJ/day (18.25 PJ p.a.) and Palm Valley at 20 TJ/day (7.3 PJ p.a.)
- NGP will commence operations within 12-months (November 2018) with 30 TJ/day contracted
- Existing Mereenie reserves sufficient to produce 50 TJ/day for 5-years
To view the full presentation, please visit:
http://abnnewswire.net/lnk/74MYRAM9
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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