- East Coast Gas supply remains short and uncertain from 2018, despite government intervention
- Industrial demand shortfall
- New gas supplies will take 5 years after exploration restrictions/moratoriums are lifted
- Central has gas for delivery from Q4 2018 when NGP is commissioned
CENTRAL PERFECTLY POSITIONED
- In 2013, Central Petroleum publicly stated that one to two LNG trains too many were being built (annual demand 360-400 PJ)
- 2014 bought Palm Valley and Dingo gas fields relatively stranded as no gas markets in the NT
- 2015 bought 50% of Mereenie oil and gas field - gas stranded by no markets
- November 2015 - Northern Gas Pipeline (NGP) announced
- August 2016 - Pipeline Reforms started
- Mereenie with gas markets ran at 50 TJ/day (18.25 PJ p.a.) and Palm Valley at 20 TJ/day (7.3 PJ p.a.)
- NGP will commence operations within 12-months (November 2018) with 30 TJ/day contracted
- Existing Mereenie reserves sufficient to produce 50 TJ/day for 5-years
To view the full presentation, please visit: http://abnnewswire.net/lnk/74MYRAM9
About Central Petroleum Limited:
Central Petroleum Ltd. (ASX:CTP) (OTCMKTS:CPTLF) is an oil and gas explorer and producer listed on the Australian Securities Exchange focused on supplying the domestic gas market. Central is advancing several separate projects across what is regarded as the biggest package of proven and prospective oil and gas acreage across central Australia. This spread of assets gives Central multiple options for growth and development. 88% of this land being gas prone has led to the Company's focus on becoming a major domestic gas producer.
Contact:
Central Petroleum Ltd. T: +61-7-3181-3800 F: +61-7-3181-3855 E: info@centralpetroleum.com.au www.centralpetroleum.com.au
Media Enquiries Martin Debelle at Citadel-MAGNUS T: +61-2-8234-0100 M: +61-409-911-189
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Brisbane - Central Petroleum Ltd. (ASX:CTP) provides the Company's latest presentation.
