Central Petroleum to Commence East Coast Gas Sales
Brisbane, Jan 3, 2019 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) (C9J:FRA) (CPTLF:OTCMKTS) ("Company" or "Central") announces that its customer Incitec Pivot (ASX:IPL) ("Incitec") has advised Central that its Gas Sales Agreement with Incitec will commence on the 3rd of January 2019 when the Northern Gas Pipeline commences Commercial Operations.
Central also announces that the new Field Boost Compressor at Mereenie is now successfully running meaning that all of the Mereenie Facility Upgrade equipment is available to deliver gas to customers.
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.
| ||
|
