Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) provides the Company's latest presentation titled "Closing the Gap (Gas Acceleration Programme)".
OPERATIONAL UPDATE
Consideration: Stairway Testing programme
Update: - Continued through 2017:
o West Mereenie 15 free flowing gas from Stairway at sustainable rates with a low nitrogen content of 2.6%
o Palm Valley natural fracture modelling underway
Consideration: Dingo Upgrade -TEG
Update: - TEG unit being ordered in time as part of the Dingo upgrade for the Owen Springs Power Station upgrade
Consideration: Production workforce
Update: - Production workforce in the Northern Territory transformed to:
o 1/3 local indigenous
o 1/3 local non-indigenous
o 1/3 FIFO
Consideration: Local economic activity
Update: - Local economic activity is around $3.4 million annually -an increase of $2.8 million p.a. since assuming operatorship of producing gas fields in the Northern Territory
To view the full presentation, please visit:
http://abnnewswire.net/lnk/HYHB1399
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
F: +61-7-3181-3855
E: info@centralpetroleum.com.au
WWW: www.centralpetroleum.com.au
Media Enquiries
Martin Debelle at Citadel-MAGNUS
T: +61-2-8234-0100
M: +61-409-911-189
Source: ABN/Asia Business Newswire
(November 14, 2017 - 5:10 PM EST)
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