Central Petroleum provides the Company's latest presentation. OVERVIEW - - East Coast Gas supply remains short and uncertain from 2018, despite government intervention - Industrial demand shortfall - New gas supplies will take 5 years after exploration restrictions/moratoriums are lifted - Central has gas for delivery from Q4 2018 when NGP is commissioned CENTRAL PERFECTLY POSITIONED - In 2013, Central Petroleum publicly [...]
Central Petroleum provides the Chairman's Address and Managing Director's Presentation to Shareholders at 2017 Annual General Meeting. Introduction You will be surprised to hear me say, last year was a good year for Central Petroleum. In addition, we are now well positioned to answer many of the questions that have occupied shareholders minds in recent years. How can I say this when, from a corporate perspective, our year [...]
Playing a fundamental role in a suite of iconic Australian projects, UQ-trained lawyer and company makeover specialist Richard Cottee is most famous for pioneering Queensland Gas Company's five-year, $5.7 billion transformation. Now settling into his fifth year as MD of Central Petroleum , Cottee has again been excelling, despite a massive low-price headwind, political interventions and an investment drought. Central [...]
Central Petroleum provides the Company's latest presentation titled "Closing the Gap ". 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 [...]
Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. (ASX:CTP) (OTCMKTS:CPTLF) provide the Company's Quarterly Activities and Cashflow Report. HIGHLIGHTS - A General Meeting of Shareholders was held on 19 July 2017 in accordance with a 249D noticereceived by the Company to vote on the removal of three incumbent non-executive directors andappointment of three new directors with all resolutions being voted down [...]
Central Petroleum is pleased to advise a further appointment to the Central Board. Highly regarded oil and gas industry executive, Dr Sarah Ryan, has agreed to join Central as a Non-Executive Director. Dr Ryan's appointment follows the appointment of Martin Kriewaldt and further strengthens the current Board of Directors. Dr Ryan's career has traversed senior roles in technical, commercial, investment and governance [...]
Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. (ASX:CTP) (OTCMKTS:CPTLF) ("Company" or "Central") is pleased to advise that Mr Martin Kriewaldt has been appointed to the Central Board as an Independent Non-Executive Director. This is the first appointment in satisfying Central's commitment to augment and expand the current Board of Directors. Martin is a Life Fellow of the Australian Institute of Company [...]
Central Petroleum provides the Company's Annual Report Review Presentation. ANNUAL REPORT HIGHLIGHTS - Total sales revenue of $25 million reflects a 9% increase from 2016. The recent EDL gas contract increases contracted annual gas volumes by roughly 45%. - Net Sales Volumes o Oil (barrels) 111,380 (2016: 98,635 barrels) o Natural Gas (TJs) 3,322 (2016: 3,230 TJs) - The EDL gas contract increased the Macquarie gas [...]
Central Petroleum announces that a webinar presentation will be delivered by the Managing Director, Mr Richard Cottee, on Monday, 9 October 2017 commencing at 4:30pm EST to discuss the Annual Report for the year ending 30 June 2017. Participants wishing to attend this webinar will need to register using the following link http://www.abnnewswire.net/lnk/Z8B8A732 About Central Petroleum Limited: [...]
Central Petroleum provide the latest company presentation. The ACCC released its Inquiry into the east coast gas market in April 2016: - Comprehensive and "fully informed" assessment of the east coast gas market - 12 month study with unprecedented access to confidential market information - Key findings: 1. New gas supply is urgently needed 2. At risk capital investment from gas producers is required now 3 [...]
Central Petroleum has had another year of significant progress operationally and financially with growth in oil and gas production and revenues, continued focus on costs and the securing of the EDL gas contract for supply which commenced in June 2017. The financial performance for the year was marred by the mark to market loss on the Macquarie gas prepayment contract, where repayment will commence either financially or [...]
Central Petroleum announces a Mereenie Joint Marketing Agreement which will facilitate the upgrading of Mereenie Reserves to coordinate with the commissioning of the Jemena NGP link to the East Coast gas network. The JMA terms have been agreed today by the Mereenie Joint Venture participants (Central Petroleum Mereenie Pty Ltd as trustee for the Central Petroleum Mereenie Unit Trust ("CPMUT") and Macquarie Mereenie Pty [...]