Central Petroleum has entered into expression of interest negotiations ("EOI") with gas purchasers which, if converted into Gas Sales Agreements ("GSA"), would result in new firm gas sales of around 12 PJ per year for 10 years from FY 2018/19 into the Eastern Seaboard Domestic Gas Market. The gas supply EOIs include provision for tariffs to be charged by the Northern Territory gas pipeline interconnect (North East Gas [...]
Central Petroleum today announced that it has recently launched its new website incorporating the Company's new logo and colours. The previous website was an interim step whilst planning and development of the new website was underway. The launch of the new website is timely coinciding with the NEGI bids being submitted and incorporates many features including an interactive map of Central's various licence areas which [...]
Central Petroleum are pleased to provide the Company's Annual Report to shareholders, for the period ended 30 June 2015. Chairman's Letter: Dear Fellow Shareholder This is my first letter to you as Chairman of Central Petroleum and I look forward to seeing many of you at our upcoming AGM. The Annual Report is necessarily a scorecard for the past year and our operating and financial review draws out the many activities [...]
Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. (ASX:CTP) announced that the acquisition by Central of a 50% interest in the Mereenie Oil and Gas Field has been completed today and accordingly Central has assumed operatorship of that field from Santos. Mereenie is considered the largest conventional oil and gas structure discovered onshore Australia and together with reserves at Palm Valley and Dingo it [...]
Central Petroleum announced on 4 June 2015 that it had entered into an agreement with Santos to acquire a 50% interest in the Mereenie Oil & Gas Field, Amadeus Basin, Northern Territory and become the operator. The gas reserves and contingent resources for the Mereenie Oil & Gas Field were last externally audited by internationally recognised petroleum resource consultants Gaffney, Cline & Associates ("GCA") as of 31 [...]
Central Petroleum today announced that as foreshadowed at last year's AGM, Andy Whittle has chosen to step down as Chairman but will remain on the Board until the upcoming AGM to assist in the transition. Andy has led Central through a significant period of change from an explorer to a producer. The Board of Central Petroleum has appointed Mr Robert Hubbard as its new Chairman. Mr Hubbard joined the board of Central in [...]
Central Petroleum announce the Quarterly Activities Report and Appendix 5B - 30 June 2015 with significant highlights. - On 3rd June 2015 Central Petroleum entered into an agreement with Santos toacquire a 50% interest in the Mereenie Oil and Gas Field with Central assuming Operatorshipof the field on financial closure of the transaction which is anticipated to occur on 1September 2015. - A shortlist of four companies [...]
Central Petroleum are pleased to provide a company presentation titled 'Ready to Supply the Shortfall: The foundations are laid' at the Developing Unconventional Gas Conference July 2015. Overview: - When the NEGI pipeline is completed in 2019 the east coast Australian domestic gas market will be in short supply - Central is an existing operator with gas resources across producing assets and their infrastructure and [...]
Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. (ASX:CTP) today announced that, as of 30 June 2015, internationally recognised petroleum consultants Netherland, Sewell & Associates, Inc. (NSAI) estimated petroleum reserves and contingent resources for the 100% owned Palm Valley Field and Dingo Field as follows: ------------------------------------------------ Combined Palm Valley Field & Dingo Field PJ [...]
Central Petroleum are pleased to provide a market update presentation titled 'We Are Ready - Shortfall is our Pathway' at the Noosa Mining Conference Presentation. Overview: - The $5bn North Australia funding in the Federal Budget has the NEGI pipeline as a qualified receipt - NEGI decision projected to be worth $75 million P.A. of incremental revenues in 2019. - Over half of the gas transported through the NEGI [...]
Central Petroleum Gold Coast Investment Showcase Presentation featuring the Mereenie Oil and Gas field. Acquisition Overview: CTP will acquire a 50% interest in the Mereenie Oil & Gas Field from Santos and assume Operatorship CTP will become Operator across all 3 producing gas fields in Central Australia Total acquisition cost of A$55m funded by debt and available cash Compelling value driver (CTP Base IRR > 20 [...]
Central Petroleum Managing Director, Mr Richard Cottee, was interviewed by Juliana Roadley, CommSec Market Analyst. CommSec's Juliana Roadley speaks with Central Petroleum (CTP) Managing Director, Richard Cottee about the company's acquisition of a 50% stake in the Mereenie Oil and Gas field from Santos. To view the video interview with CommSec, please visit: http://www.abnnewswire.net/press/en/80180/central About [...]