Central Petroleum Limited: Half Year 2015 Accounts

15.03.2016  |  ABN Newswire

Brisbane - Central Petroleum Ltd. (ASX:CTP) Directors present their report on the consolidated entity consisting of Central Petroleum Ltd. and the entities it controlled at the end of, or during, the half-year ended 31 December 2015.

Principal Activity

The principal continuing activity of the consolidated entity ("the Group") during the period was the exploration, development and production of hydrocarbons.

Highlights for the half-year reporting period and up to the date of this report:

- Central completes 50% acquisition of Mereenie oil and gas field and assumes operatorship effective 1 September 2015

- Dingo Gas Field commenced deliveries of gas into the Owen Springs Power Station.

- Pressure and flow data has been gathered as part of the Mereenie reserve upgrade programme.

- Stage 1 of Mereenie reserves upgrades and certification announced with results showing a 240% increase in Proved Reserves.

- Development of the North East Gas Interconnector ("NEGI" or otherwise to be known as the Northern Gas Pipeline (NGP)) progressed with the NT Government's announcement that Jemena Northern Gas Pipeline Pty Ltd had been selected to construct and operate the pipeline with size to be selected in April 2016.
- Capital Raising to support NEGI reserves certification embarked upon with a Share Placement raising $10.5 million gross in November 2015 and a Share Purchase Plan raising an additional $1.7 million gross in December 2015.

- New corporate website launched incorporating new corporate logo

To view the full half year report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CTP-756531.pdf


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
F: +61-7-3181-3855 www.centralpetroleum.com.au