Latest Company Presentation
Brisbane, June 12, 2018 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) provides the Company's latest Presentation at Credit Suisse 5th Annual Australian Energy Conference.
CENTRAL'S STRATEGY
PHASE 1
- Triple Gas Sales for the Northern Gas Pipeline (NGP) - now in two stages due to external lateral upgrades
- Get NT interconnected - achieved
- Pipeline reform to mitigate tyranny of distance - substantially achieved
- Upgrade existing facilities at Mereenie, Palm Valley and Dingo to become capable of processing 83 TJ/d (30 PJ p.a.) (gross) (nett to Central 54 TJ/d (20 PJ p.a.)) - underway
- Debottleneck external Mereenie spur line to match plant capacities - discussions underway
PHASE 2
- Prove up the Stairway and Ooraminna
- Increase recovery of Palm Valley
- Drilling results will determine whether to just upgrade NGP or enough reserves to justify new pipeline dedicated to domestic market
- Develop as soon as possible ATP 2031 by drilling a 9 well programme in joint venture with IPL (CTP free-carry) - targeting 15-20 PJ p.a. (gross) (7.5-10 PJ p.a. nett to Central)
- Results of present programme will inform development plan needed to prove up Phase 2 reserves
To view the full presentation, please visit:
http://abnnewswire.net/lnk/5372Y57B
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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