Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) provides the Company's latest Presentation at 2018 ROCK ME AMADEUS Roadshow.
HIGHLIGHTS
- MEREENIE
o Drilling West Mereenie-26
o $12M plant upgrade
- PALM VALLEY
o Drilling Palm Valley-13
o 5 TJ/d existing plant capacity
- OORAMINNA
o Drilling Ooraminna-3 to determine deliverability
- BREWER ESTATE AND DINGO
o Remote operation
o Plant upgrade to 5.5 TJ/d
o 4.4 TJ/d existing sales
- DRILLING PROGRAMME
o Aim to triple reserves over time by accessing Stairway Formation at Mereenie and natural fractures at Palm Valley
- QUEENSLAND ACREAGE
DELIVERING NEW QUEENSLAND ACREAGE - ATPA 2031
- 77 km2 coal seam gas acreage awarded on 1 March 2018 by the Queensland Government for Australian domestic gas supply
- ATPA 2031 is located midway between Miles and Wandoan in the eastern Surat Basin
- The permit lies within the north-eastern Walloon Fairway, surrounded by acreage held by QGC, Arrow and APLNG and comprises one (1) graticular block
- Estimate of 377 PJ of Original Gas In Place* of which 150- 180 PJ potentially recoverable
- CTP's four year programme comprises 9 wells and at least one (1) production test pilot totalling ~$20 million
* Estimate by Queensland Government as part of the tender process
To view the full presentation, please visit:
http://abnnewswire.net/lnk/SV6B3L2T
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
(March 20, 2018 - 7:22 PM EDT)
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