ACCC Final Joint Marketing Approval
Brisbane, Mar 29, 2018 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) (CPTLF:OTCMKTS) ("Company" or "Central") welcomes today's final determination from the ACCC to authorise joint marketing of Mereenie gas for the Mereenie Joint Venture for three years.
Central agrees with the statement of ACCC Chairman Rod Sims that joint marketing allows further conventional gas in the Mereenie field to be developed sooner than it otherwise would, and Central looks forward to increasing supply to, and therefore competition in, the east coast gas market.
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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