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Central Petroleum Limited (CTP.AX) Macquarie Pre-Sale Gas Sale Agreement Unconditional

·1-min read
Central Petroleum Limited
Central Petroleum Limited

Central Petroleum Limited (CTP.AX) Macquarie Pre-Sale Gas Sale Agreement Unconditional

Brisbane, Australia, Nov 4, 2020 - (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (HAM:C9J) (OTCMKTS:CNPTF) refers to its ASX Announcement dated 22 October 2020 ("New Gas Sales Agreement and Finance Facility Extension") and announces that the New Gas Sale Agreement referred in the Announcement has become unconditional following conditions precedent being met.

About Central Petroleum Limited:


Central Petroleum Limited (Central) is a well-established, and emerging ASX-listed Australian oil and gas producer (ASX:CTP). In our short history, Central has grown to become the largest onshore gas producer in the Northern Territory (NT), supplying industrial customers and senior gas distributors in NT and the wider Australian east coast market.

Central is positioned to become a significant domestic energy supplier, with exploration and development plans across 180,000 km2 of tenements in Queensland and the Northern Territory, including some of Australia's largest known onshore conventional gas prospects. Central has also completed an MoU with Australian Gas Infrastructure Group (AGIG) to progress the proposed Amadeus to Moomba Gas Pipeline to a Final Investment Decision.

We are also seeking to develop the Range gas project, a new gas field located among proven CSG fields in the Surat Basin, Queensland with 135 PJ (net to Central) of development-pending 2C contingent resource.

Contact:

Investor and Media Inquiries:
Greg Bourke: +61-478-318-702
Sarah Morgan: +61-421-664-969

Source:
Central Petroleum Limited

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