Central Petroleum Limited (ASX:CTP) provides the Company's Operating Activities Report for the quarter ended 30 June, 2018.
HIGHLIGHTS
- Central and Incitec Pivot Limited ("IPL") entered into a Gas Sales Agreement whereby Central willdeliver at least 20 TJ/d of gas to IPL on an ex-field basis from its Palm Valley and Mereenie fields fromcommencement of commercial operations of the Northern Gas Pipeline (anticipated to be December 2018) until 31 December 2019.
- Central and IPL have agreed a 50:50 joint venture arrangement for ATP(A) 2031 in Queensland whereby IPL will contribute up to $20 million for appraisal drilling costs during the initial exploration period.
- A webinar presentation was held by the Managing Director on 9 May 2018 to discuss the Quarterly Report for the Quarter Ended 31 March 2018.
- Mr. Martin Kriewaldt was appointed the new Chairman of Central Petroleum Limited effective 14 May 2018 following Mr. Robert Hubbard's retirement from the Central Board.
- The West Mereenie 26 well spudded at 7:45pm on 22 May 2018 with the Stairway formation as the primary target.
- Cash balance at the end of the quarter was $27.2 million.
To view the full report, please visit:
http://abnnewswire.net/lnk/26O03XUD
HIGHLIGHTS
- Central and Incitec Pivot Limited ("IPL") entered into a Gas Sales Agreement whereby Central willdeliver at least 20 TJ/d of gas to IPL on an ex-field basis from its Palm Valley and Mereenie fields fromcommencement of commercial operations of the Northern Gas Pipeline (anticipated to be December 2018) until 31 December 2019.
- Central and IPL have agreed a 50:50 joint venture arrangement for ATP(A) 2031 in Queensland whereby IPL will contribute up to $20 million for appraisal drilling costs during the initial exploration period.
- A webinar presentation was held by the Managing Director on 9 May 2018 to discuss the Quarterly Report for the Quarter Ended 31 March 2018.
- Mr. Martin Kriewaldt was appointed the new Chairman of Central Petroleum Limited effective 14 May 2018 following Mr. Robert Hubbard's retirement from the Central Board.
- The West Mereenie 26 well spudded at 7:45pm on 22 May 2018 with the Stairway formation as the primary target.
- Cash balance at the end of the quarter was $27.2 million.
To view the full report, please visit:
http://abnnewswire.net/lnk/26O03XUD
Central Petroleum Limited T: +61-7-3181-3800 F: +61-7-3181-3855 E: info@centralpetroleum.com.au WWW: www.centralpetroleum.com.au Media Enquiries Martin Debelle at Citadel-MAGNUS T: +61-2-8234-0100 M: +61-409-911-189