Latest Company Presentation
Brisbane, Mar 21, 2018 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) (CPTLF:OTCMKTS) provides the Company's latest Presentation at 2018 ROCK ME AMADEUS Roadshow.
HIGHLIGHTS
- MEREENIE
o Drilling West Mereenie-26
o $12M plant upgrade
- PALM VALLEY
o Drilling Palm Valley-13
o 5 TJ/d existing plant capacity
- OORAMINNA
o Drilling Ooraminna-3 to determine deliverability
- BREWER ESTATE AND DINGO
o Remote operation
o Plant upgrade to 5.5 TJ/d
o 4.4 TJ/d existing sales
- DRILLING PROGRAMME
o Aim to triple reserves over time by accessing Stairway Formation at Mereenie and natural fractures at Palm Valley
- QUEENSLAND ACREAGE
DELIVERING NEW QUEENSLAND ACREAGE - ATPA 2031
- 77 km2 coal seam gas acreage awarded on 1 March 2018 by the Queensland Government for Australian domestic gas supply
- ATPA 2031 is located midway between Miles and Wandoan in the eastern Surat Basin
- The permit lies within the north-eastern Walloon Fairway, surrounded by acreage held by QGC, Arrow and APLNG and comprises one (1) graticular block
- Estimate of 377 PJ of Original Gas In Place* of which 150- 180 PJ potentially recoverable
- CTP's four year programme comprises 9 wells and at least one (1) production test pilot totalling ~$20 million
* Estimate by Queensland Government as part of the tender process
To view the full presentation, please visit:
http://abnnewswire.net/lnk/SV6B3L2T
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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