Central Petroleum announces that Netherland, Sewell and Associates, Inc. has certified the results of Stage 1 of Central's Reserve Upgrade Programme. This certification results in a 240% increase in Proved reserves to 62PJ and a 22% increase in the Proved and Probable reserves to 75PJ (Central equity accounted) as announced on 6 August 2015. Similar upgrading of reserves occurred in the contingent category with a 50 [...]
Central Petroleum announce that the Northern Gas Pipeline has been awarded to Jemena and the Final Investment Decision has occurred. The NGP will be either a 12" or 14" line with an initial capacity of approximately 100 TJ/day (36.5 PJ p.a.) or 150 TJ/day (55 PJ p.a.). The NGP is expected to be able to flow gas in calendar year 2018. The Northern Territory Power and Water Corporation has contracted to supply 30 TJ/day [...]
Central Petroleum announce the Quarterly Activities Report & Appendix 5B for the period ending December 2015. HIGHLIGHTS - Dingo Gas Field commenced deliveries of gas into the Owen Springs Power Station. - Pressure and flow data has been gathered as part of the Mereenie reserve upgrade programme with initial results expected this quarter. - Development of the North East Gas Interconnector ("NEGI" or otherwise to be [...]
Central Petroleum today announced that the physical tie-in to the Owen Springs Power Station by the customer is being commissioned and Dingo gas has therefore passed the Delivery Point under the Gas Supply and Purchase Agreement. Central completed its Dingo Gas Project pipeline and plant before 1 April 2015 on time and under budget with production subject to tie-in by the customer to the Company's delivery point at Owen [...]
Central Petroleum today issued 9.17 million shares to existing shareholders who elected to participate in the recent Share Purchase Plan which closed on 4 December 2015. This completes the capital raising which begin with a placement to institutional investors of 55 million shares and raising $10.5 million. The total gross amount raised is therefore $12.24 million. "My promise at the last two AGMs that the next capital [...]
Central Petroleum advises that Managing Director, Richard Cottee, will be holding open shareholder briefings in the following cities on the dates stated below. Perth - 5:00pm, Tuesday 1 December 2015 William Buck - Level 3, 15 Labouchere Road, South Perth Melbourne - 5:00pm, Wednesday 2 December 2015 William Buck, Level 20, 181 William Street, Melbourne Sydney - 5:00pm, Thursday 3 December 2015 William Buck - Level [...]
Central Petroleum today praised the decision to build the North East Gas Interconnector ("NEGI") as a huge step forward for the Territory gas industry and the development of a more competitive gas supply into a critically tight Australian domestic gas market. The Chief Minister of the Northern Territory, the Honourable Mr Adam Giles, announced that Jemena Limited ("Jemena") has been selected as the party to build, own [...]
Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. (ASX:CTP) Managing Director's letter strategy and share purchase plan. This November marks the coming together of our strategy adopted in the last quarter of 2013 to pivot the Company away from an anticipated softening in crude oil prices and towards exposure to a domestic gas market facing serious short supply. By April 2014 the Company had acquired the Palm [...]
Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. (ASX:CTP) is pleased to give eligible shareholders the opportunity to participate in the 2015 share purchase plan ("2015 SPP"), as announced to the market on 10 November 2015. The 2015 SPP will give eligible shareholders the opportunity to each apply for up to A$15,000 worth of ordinary shares. All Company directors who are eligible to participate intend to [...]
Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. (ASX:CTP) has agreed to place 55,307,843 shares at $0.19 per share with institutional investors in Australia and Hong Kong raising circa $10.5 million gross. The $0.19 issue price represents a 20.7% discount to the 5-day VWAP. Mindful of the support of our many retail shareholders, existing shareholders will also have an opportunity to participate in the capital [...]
Central Petroleum are pleased to provide the Chairman's Address to Shareholders at the Annual General Meeting. Chairman's Address: I take great pleasure in welcoming you to the Annual General Meeting of your company, Central Petroleum. This is my first shareholder meeting as your Chairman and I look forward to meeting with as many of you as possible today. Joining me is our Managing Director Richard Cottee and my fellow [...]
Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. (ASX:CTP) is pleased to release an updated corporate presentation to the market titled "It's Time... The Domestic Gas Company - NEGI is Now". Key messages covered within the presentation include: - Central has positioned itself as the major on-shore gas producer in the Northern Territory following the recent acquisitions of Palm Valley and Dingo gas fields [...]