Central Petroleum Limited (ASX:CTP) PROJECT UPDATES Tuesday, 20th May 2014
Overview Sod-Turning Ceremony with Chief Minister for Dingo Development PL7 offered Palm Valley Deliveries above budget Surprise West Production stabilised at 250 BOPD Multiple basin projects grouped in Central Australia Now an Oil…
Mt Kitty Free carried under Santos farm-in Flowed at 500,000 cf/d rate see earlier releases Continuity of gas shows over 108 metres Expected before drilling to be fractured with low permeability Evaluation incomplete due to rig…
About Helium Liquefied at a temperature of -268 Celsius - Critical in many medical (e.g. MRIs) and other scientific applications (and party balloons) He still a gas after liquefaction of methane etc. Second most abundant element in…
Helium Processing Often done through tail gas on an LNG Plant (micro or otherwise) Membrane technology could be utilised where LNG is not feasible 5
About Hydrogen Hydrogen production is a large and growing industry (10% p.a. growth rates) Primary uses for hydrogen include Fuel cells and other forms of alternative energy Production of ammonia for fertilizer Conversion of heavy…
Southern Georgina Total farm-in up to US196m Start of programme delayed pending resolution of land access issues Centrals contribution to Stage 1 A may not be triggered until April next year 7
Southern Georgina Boulia office 8
Surprise Pursuing opportunities for direct oil sales in Northern Territory to maximise revenues Production on Surprise West stabilised at around 250 BOPD after flush production. Surprise East rig delayed due to present…
Surprise 10
Dingo Production Licence 7 offered by NT Government and accepted by company FEED completed Detailed Design and Engineering 50% completed Pipeline licence applied for Expected first gas sales in first half of 2015 Pursuing…
Dingo 12
Palm Valley Deliveries at 3,800GJ/d substantially above acquisition economics Seeking further sales opportunities to enhance revenues Financing fixed and costs covered by existing contracts Investigating behind pipe and bypassed…
Palm Valley 14
Contact Details Central Petroleum Limited 5658 Jephson St., Toowong, QLD PO Box 1571, Toowong DC Qld 4066. Tel: +61 7 3181 3800 Fax: +61 7 3181 3855 Website: www.centralpetroleum.com.au 15