Central Petroleum Limited Latest Company Presentation

09.04.2014  |  ABN Newswire

Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. (ASX:CTP) (OTCMKTS:CPTLF) present the company's latest Company Presentation including recent achievements, and immediate expectations for the near term production.

Following is an excerpt from the presentation.

Oil and Gas Production Overview

- From March 2014, CTP will be producing oil and gas from 2 separate fields and developing a 3rd field within the Amadeus Basin

- Palm Valley and Dingo gas fields: 3.3PJ/year of gas sold under long-term contracts into the NT market

- Surprise Oil Discovery: 400 - 500 bpd target for existing SW-1 well; 2nd well east of the fault (SE-1) scheduled for mid to late 2nd quarter 2014 expected to increase production and reserves

- Gross revenue forecast between $20M - $30M / year

- Source of organic funding to support ongoing regional exploration activities

To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CTP-673590.pdf


About Central Petroleum Limited:

Central Petroleum (ASX:CTP) is an ASX listed junior exploration and production company operating what is regarded as the biggest package of prospective acreage in Australia.



Contact:

Central Petroleum Ltd.
T: +61 (0)7 3181 3800
F: +61 (0)7 3181 3855
WWW: www.centralpetroleum.com.au