Central Petroleum announces that a webinar presentation will be delivered by the Managing Director, Mr Richard Cottee, on Wednesday, 9 May 2018 commencing at 4:00pm AEST* to discuss the Quarterly Report for the quarter ended 31 March 2018. *Australian Eastern Standard Time Participants wishing to attend this webinar will need to register using the following link: http://www.abnnewswire.net/lnk/E0U0L18K About Central [...]
Central Petroleum provides the Company's Quarterly Activities Report. HIGHLIGHTS - On 2 February 2018 Central announced it had signed the drilling contract with Ensign Australia PtyLtd for the 2018 drilling campaign. - A webinar presentation was held by the Managing Director on 8 February 2018 to discuss theQuarterly Report for the Quarter Ended 31 December 2017. - The Financial Report for the Half-Year Ended 31 December [...]
In his address to shareholders at the last Annual General Meeting, the Chairman of Central Petroleum Robert Hubbard, foreshadowed his intention to stand down as Chairman around the end of this financial year. Since June last year, three new directors have been appointed to the Board, Dr Sarah Ryan, Martin Kriewaldt and Tim Woodall following an extensive external search. Robert has advised that he will retire from the [...]
Central Petroleum advises that the Ensign Rig is expected to be fully at the site at Mereenie by next week. The rig crew have been selected with the site preparation continuing apace. It is anticipated that West Mereenie-26 will be spudded on 20 to 21 April and the drilling will take 35 to 40 days. The $12 million Mereenie plant upgrade remains within budget and on time for being available by 1 December, the date by which [...]
Central Petroleum has undertaken a review of the maximum delivery capability of the existing Palm Valley wells to determine what production rates could be achieved without considering the Palm Valley-13 well, which will be drilled this fiscal year. That review concluded that existing Palm Valley wells could produce at a rate of 15 TJ/d for a period of two years before reverting to 5 TJ/d thereafter. The Company is in the [...]
Central Petroleum welcomes today's final determination from the ACCC to authorise joint marketing of Mereenie gas for the Mereenie Joint Venture for three years. Central agrees with the statement of ACCC Chairman Rod Sims that joint marketing allows further conventional gas in the Mereenie field to be developed sooner than it otherwise would, and Central looks forward to increasing supply to, and therefore competition in [...]
Central Petroleum advises that the Ensign Rig, Rig 932, is making its way to the Mereenie field in preparation for the start of the three-well drilling programme aimed at tripling Central's gas reserves. The first loads of equipment have arrived at the Mereenie Field with the drilling of West Mereenie 26, the first well in the three-well program, anticipated to commence in April 2018. To view figures, please visit [...]
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 [...]
Central Petroleum advises that it has awarded contracts for two critical components of the Mereenie Plant Upgrade. The first contract for the new field compressor provides for it to be delivered to site by early October in sufficient time to be installed and commissioned by 1 December 2018, the anticipated date on which the Northern Gas Pipeline should be operational. A second contract is for the restaging of two existing [...]
Central Petroleum provides the Company's latest Presentation at Energy and Battery Mineral Conference. HIGHLIGHTS - MEREENIE o Drilling West Mereenie 26 o $12M Plant upgrade - PALM VALLEY o Drilling Palm Valley 13 o 5TJ/d existing plant capacity - OORAMINNA o Drilling Ooraminna 3 to determine deliverability - BREWER ESTATE & DINGO o Remote Operation o Plant upgrade to 5.5 TJ/d o 4.4 TJ/d existing sales - DRILLING [...]
Central Petroleum announces the Mereenie joint venture has taken the decision to proceed with the development of the Mereenie gas project following the ACCC's interim approval of joint marketing arrangements. The 50:50 joint venture between wholly owned subsidiaries of Central Petroleum and the Macquarie Group has agreed and signed Authorities for Expenditure to confirm the drilling of WM26 and an immediate $12 million [...]
Central Petroleum has been advised by the ACCC this morning that: 1) the ACCC has today published a draft determination proposing to grant authorisation for Mereenie joint marketing subject to the following conditions: - a 3 year time limit ; and - a time limit of 31 December 2028 on the term of gas supply agreement that are sol collectively negotiated. 2) the ACCC will today publish a determination to grant interim [...]
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