Brisbane - Central Petroleum Ltd. (ASX:CTP) (OTCMKTS:CPTLF) ("Company" or "Central") 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 compressors presently at site. The first of the two compressors is due to be re-staged and commissioned by mid-November, with the second by late November.
All-in-all the critical long lead items of the separators and these two contracts have now been let to enable the joint venture to achieve its 1 December 2018 target date.
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) (OTCMKTS:CPTLF) ("Company" or "Central") advises that it has awarded contracts for two critical components of the Mereenie Plant Upgrade.
