Following the acquisition of the Palm Valley and Dingo Fields from Magellan, Central Petroleum prime focus has been to use these assets to become strategically relevant to the unfolding gas shortage on the eastern seaboard. In the quarter we were granted Production Licence 7 for the Dingo field and awarded the Pipeline Licence 30. This award signified the start of the construction phase of the Pipeline with site clearing [...]
Central Petroleum today announced that Santos has elected to proceed to Stage 2 of an amended Southern Amadeus Joint Venture with Central under terms that will allow the JV to give priority to spending on areas of highest prospectivity. It is expected that Santos will determine its position regarding further Mt Kitty testing and its commitment to the North West Mereenie joint venture by around the end of August.Central [...]
Central Petroleum today announced the Dingo Pipeline Licence No. 30 (PL30) had been agreed with the Northern Territory Department of Mines and Energy, which had previously granted Petroleum Production Licence L7.On 10 July 2014 the Department of Mines and Energy also approved the Dingo Gas Field Preliminary Field Development Plan and the Dingo Gas Field Preliminary Reservoir Management Plan.Authority to clear and grade [...]
Central Petroleum, advises that drilling commenced Sunday, 20 July 2014 at the Whiteley-1 unconventional gas exploration well in ATP912 of the Southern Georgina Basin (see map in link below).Whiteley-1 is the first of a program of unconventional gas exploration wells operated by Central (via subsidiary Merlin Energy Pty Ltd in partnership with international energy company Total) and is to be drilled using Enerdrill Rig [...]
Central Petroleum provides the presentation to the RBS Morgans Conference. The highlights of the presentation are reproduced below, and the full presentation is available via link below. - Oil & Gas Producer with Oil at Surprise and Gas at Palm Valley - Monthly Gas Sales in June earned over $0.5 Million in revenue- Monthly Crude Sales in June will earn around $0.8 Million in revenue- Southern Georgina JV Phase 1 Drilling [...]
Central Petroleum provides the latest company presentation. Below is an overview from the presentation.Overview - Oil & Gas Producer with Oil at Surprise and Gas at Palm Valley - Gas Sales in June earnt over $0.5 Million in revenue - Crude Sales in June will earn around $0.8 Million in revenue - Southern Georgina JV Phase 1 Drilling Programme commenced- Mt Kitty drilled but further work before completed - Negotiating with [...]
Central Petroleum provides the following market updates.Southern Georgina JV Drilling ProgrammeAs previously announced by Central Petroleum the initial drilling programme was delayed due to access issues. These issues have now been satisfactorily resolved so that the first well should be spudded in mid to late July. This is the commencement of the drilling phase of US$78.5 million Stage 1(a) & (b) of the Total Farm-in for [...]
Central Petroleum provide their latest company presentation. Below is an overview of the presentation: - Sod-Turning Ceremony with Chief Minister for Dingo Development - PL7 offered - Palm Valley Deliveries above budget - Surprise West Production stabilised at 250 BOPD - Multiple basin projects grouped in Central Australia- Now an Oil & Gas producer as well as an explorer - Farm-outs to Total and Santos bring up to $300 [...]
Central Petroleum has accepted all regulatory conditions clearing the way for the grant of the Dingo Petroleum Production Licence 7 (PL7).Central recently acquired the Dingo Gas Field. The Northern Territory Minister for Mines and Energy offered to grant PL7, which will convert from a Retention Licence to a Production Licence permitting gas production from the Dingo Gas Field.Central has written to the Northern Territory [...]
At a technical meeting held on May 6th, Santos, Operator of Amadeus Basin petroleum exploration licence EP 125, advised Central Petroleum of the preliminary results of compositional analyses undertaken on three gas samples collected from four flow tests conducted in the Mt Kitty 1 exploration well. However, results were found to be so disparate that they may not be representative of actual gas compositions in the [...]
Central Petroleum announced that it signed agreements to purchase the material onshore assets of Magellan Petroleum Australia Pty Ltd ("the Magellan assets") consisting primarily of the Palm Valley and Dingo fields for $35 million. The deal closed on 31 March 2014. The consideration paid was $20 million cash and approximately 39.5 million shares in Central.The cash component was paid out of a loan facility with Macquarie [...]
Central Petroleum has been advised that its Mt Kitty 1 exploration well flowed gas in testing. The preliminary findings were notified by Santos (ASX:STO), the Operator of Amadeus Basin permit EP 125, that the exploration well Mt Kitty 1 reached its programmed total depth of 2,295m in metasedimentary basement.Central Managing Director, Richard Cottee, said the prime objective of the Mt Kitty 1 well was to confirm there is [...]
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