Central Petroleum Limited - Latest Company Presentation

Brisbane - Central Petroleum Ltd. (ASX:CTP) are pleased to provide the latest Company presentation, 'Developing the Northern Territory, Serving Australia's Gas Needs'.

Central at a Glance

Central Petroleum Ltd. ("Central") is an oil and gas explorer and producer with technical expertise over the on-shore basins of Central Australia.

Central's Core Objectives:

- Continue to develop technical excellence in Central Australia's oil and gas basins

- Create markets to unlock Central Australia's vast on-shore energy potential

- Making a positive difference in the communities where we operate

Central's Asset Portfolio:

2 major Exploration Joint Ventures: (~$340M over three phases)
- Total
- Santos

3 Producing Assets: Mereenie, Palm Valley & Dingo Fields

Over 50% of our exploration acreage is held on a 100% basis - Prime gas exploration potential near infrastructure and the AGP & NGP pipelines Over 75% of current revenue under long-term fixed price gas contracts.

Seeking new sales into the Northern Territory and the East Coast gas markets.

Central's Operations

- Vast exploration acreage and producing assets over the key oil and gas basins in Central Australia

- Transitioned from explorer / oil producer into the NT's largest on-shore gas producer and only on-shore producing gas field operator. Two major acquisitions during low commodity price cycles:

i. Palm Valley and Dingo Gas Fields - 100% Ownership (1 April 2014)

ii. Mereenie Oil and Gas Field - 50% Ownership (1 September 2015)

- Central has significant existing uncontracted gas reserves and identified gas appraisal and exploration targets.

- Central is positioned to become a new gas supplier to the East Coast through the Northern Gas Pipeline ("NGP").

- NGP will connect the Northern Territory to the Eastern Seaboard, mitigating the widely recognised East Coast gas shortfall.

To view the presentation, please visit:
http://abnnewswire.net/lnk/YHBPKV9H


About Central Petroleum Limited:

Central Petroleum Ltd. (ASX:CTP) (OTCMKTS:CPTLF) is an ASX listed junior exploration and production company operating the largest holding of prospective onshore acreage in Australia totalling over 270,000 km2, c.70 million acres. This acreage includes permits already awarded and acreage under application with 250,000 km2 under the Petroleum Acts and 20,000 km2 under the Mining Acts mainly in the Northern Territory with smaller holdings in Western Australia, South Australia and Queensland.



Contact:

Central Petroleum Ltd.
T: +61-7-3181-3800
E: info@centralpetroleum.com.au
www.centralpetroleum.com.au