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 [...]
Central Petroleum announces company presentation regarding Mereenie acquisition strategy. The immediate objective of this acquisition is to provide immediate financial underpinning to Central Petroleum, and maximise uncontracted gas reserves as a catalyst for NEGI. Thereby re-rating our production assets and surrounding exploration acreage. Following highlights include; Acquisition Overview - CTP will acquire a 50 [...]
Central Petroleum today announced it has agreed to acquire a 50% interest in the Mereenie Oil & Gas Field from Santos and assume Operatorship of the field in the Northern Territory's Amadeus Basin. The move will significantly increase Central's operations and enable Central and Santos to maximise the amount of gas available for the proposed Northern Territory-East Coast gas pipeline (referred to as NEGI). The acquisition [...]
Central Petroleum announce the Quarterly Activities Report including the managing director's report to shareholders. HIGHLIGHTS - Received Consent to Operate Dingo Gas Field including pipeline and plant; - Dingo Development finished on time and under budget; - North East Gas Interconnector ("NEGI") shortlist down to four contenders with increasingproject confidence; - Approvals being sought from Central Land Council and [...]
In his address to shareholders at the last Annual General Meeting the Chairman of Central Petroleum, foreshadowed his intention to stand down as Chairman around the end of this financial year. The Board of Directors has accepted the Nominations Committee's recommendation that Mr Robert Hubbard be appointed the Deputy Chairman of the Company as part of the Board's succession planning. The Board of Directors has also [...]
Brisbane, Australia (ABN Newswire) - The Managing Director of Central Petroleum Ltd. (ASX:CTP) ("Company" or "Central"), Mr Richard Cottee said the Company welcomed media reports today that the North East Gas Interconnector ("NEGI") was "almost certain" to be built according to the Northern Territory's Chief Minister Adam Giles. The report in The Australian newspaper said a short list of candidates would submit final [...]
Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. (ASX:CTP) (OTCMKTS:CPTLF) ("Company" or "Central") today announced the Dingo Gas Project pipeline and plant has been successfully commissioned and the necessary regulatory approvals to operate being obtained.The Project was completed ahead of schedule and 10% below budget which also satisfies the Company's requirements to have a physical connection to the [...]