Central Petroleum Limited (CPTLF) 2016 AGM - Managing Director's Presentation to Shareholders
Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) is pleased to provide the company's Managing Director's Presentation at 2016 AGM.
The NGP is being built
- Jemena is constructing and is contractually committed to build a 622km pipeline linking the NT to the east coast market at a cost of around $800M
- A 12-inch pipeline has been selected, initially capable of 90TJ/d (potential to increase capacity up to 160TJ/d with compression)
- Work has begun on the NGP, including approvals, design and long lead procurement
- Pipe has been ordered and the first delivery is within 30 days
- On schedule for gas to flow to east coast markets from 2018
Central at a glance
We have technical expertise over the on-shore basins of Central Australia and a distinct competitive advantage in operating efficiencies within the NT giving us the ability to deliver gas to Australia's east coast by 2018.
Central's Core Objectives:
- Continue to develop technical excellence in Central Australia's oil and gas basins
- Create markets to unlock Central Australia's vast on-shore energy potential
- Making a positive difference in the communities where we operate
Central's operated gas fields
Central's Operates 3 Producing Fields:
- Mereenie
- Palm Valley
- Dingo
Current Reserves (Gross JV)
- 207 PJ of 2P
- 234 PJ of 2C
Production Capacity (Gross JV)
- All fields ~45 TJ/d
- All facilities ~65 TJ/d
Appraisal Program
- Five additional reserve opportunities identified near existing fields
Central has become Central
- NGP is being built
- Capacity exists for our production from existing reserves
- Mereenie has the existing infrastructure
- Appraisal of more reserves unaffected by change of government
- Inventory of prospects
- EBITDAX positive last year with only 10 months of Mereenie and despite oil bottoming at US$30/bbl
To view the presentation, please visit:
http://abnnewswire.net/lnk/29RDP6WT
About Central Petroleum Limited:
Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) is an oil and gas explorer and producer listed on the Australian Securities Exchange focused on supplying the domestic gas market. Central is advancing several separate projects across what is regarded as the biggest package of proven and prospective oil and gas acreage across central Australia. This spread of assets gives Central multiple options for growth and development. 88% of this land being gas prone has led to the Company's focus on becoming a major domestic gas producer.
Source:
Central Petroleum Limited
Contact:
Central Petroleum Limited
T: +61-7-3181-3800
E: info@centralpetroleum.com.au
WWW: www.centralpetroleum.com.au
Source: ABN/Asia Business Newswire
(November 8, 2016 - 7:51 PM EST)
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