Quarterly Activities Report
Brisbane, Feb 1, 2018 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) (CPTLF:OTCMKTS) provides the Company's Quarterly Activities Report For the Quarter ended 31 December, 2017.
HIGHLIGHTS
- A webinar presentation was held by the Managing Director on 9 October 2017 to discuss the Annual Report for the year ended 30 June 2017.
- Testing of the Stairway Sandstone at Mereenie from the previously drilled West Mereenie 15continues free flowing gas at sustainable rates with a low nitrogen content of 2.6%. Additional recompletion opportunities have been identified.
- The Annual General Meeting of Shareholders was held on 29 November 2017 with all resolutions passed by Shareholders.
- Dr Sarah Ryan, Mr Martin Kriewaldt and Mr Tim Woodall joined the Central Board as independent Non-executive Directors as part of Central's commitment to augment and strengthen the current Board.
- Cash balance at the end of the quarter was $28.6 million.
To view the full report, please visit:
http://abnnewswire.net/lnk/DW8PM5W1
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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