Central Petroleum Limited: RL3 and RL4 Suspension of Year 1 Permit Commitments

11.04.2019  |  ABN Newswire

Brisbane, Australia - Central Petroleum Ltd. (ASX:CTP) ("Company" or "Central") today announced that it has received approval from the Northern Territory Department of Primary Industry and Resources (DPIR) for the suspension of Year 1 permit commitments (drilling of Ooraminna 3) for 12 months to March 2020 for RL3 and RL4.

RL3 and RL4 are located ~50 km southeast of Alice Springs in the Northern Territory and cover the Ooraminna Anticline (see Figure 1 in link below).

Currently Central is developing the drilling Environmental Management Plan (EMP) in line with guidelines from the Northern Territory Department of Environment and Natural Resources.

To view figures, please visit:
http://abnnewswire.net/lnk/1LSGY77B

About Central Petroleum Limited:

Central Petroleum Ltd. (ASX:CTP) 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.

Source:

Central Petroleum Ltd.

Contact:

Central Petroleum Ltd. T: +61-7-3181-3800 F: +61-7-3181-3855 E: info@centralpetroleum.com.au WWW: www.centralpetroleum.com.au Media Enquiries Helen McCrombie at Citadel-MAGNUS T: +61-2-8234-0103 M: +61-411-756-248