Central Petroleum Limited (ASX:CTP) Producing Results Noosa Mining & Exploration Conference Friday, 18th July 2014 0
Overview Oil & Gas Producer with Oil at Surprise and Gas at Palm Valley Monthly Gas Sales in June earned over 0.5 Million in revenue Monthly Crude Sales in June will earn around 0.8 Million in revenue Southern Georgina JV Phase 1…
Southern Georgina Joint Venture Joint Venture with Total; targeting unconventional gas Positioned to take advantage of projected gas shortfall in Eastern seaboard Opening new gas province Close to infrastructure Seeking Project…
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Palm Valley & Dingo A Strategic Play DINGO DEVELOPMENT 50km pipeline to Alice Springs through the MacDonnell Ranges Development of Dingo (including pipeline) costs around 24 Million financed through 30 Million Macquarie Facility…
Palm Valley & Dingo A Strategic Play (Continued) DINGO Sales contract with Power & Water Corporation (PWC) From 2nd Calendar Quarter 2015, 1.2 PJ pa commences Flow test was nearly double prognosis Seeking near term incremental…
Palm Valley & Dingo Transaction Overview PURCHASE PRICE (35M) 20 Million Cash 39 Million CTP Shares (11.4% interest) TRANSACTION FUNDING Cash requirement of transaction is fully funded through a 50 Million Macquarie debt…
Asset Overview Key Assets Palm Valley Field Reserves*: 53 BCF (10 MMBOE) Depth map, Pacoota sst After completion of Dingo, CTP will own a 50km pipeline giving it access to Alice Springs & NT Markets CTP will have 100% interest…
Asset Description Table Palm Valley Dingo History Discovered in 1965 Discovered in 1981 Producing gas since 1983 Gas production is currently scheduled to begin in early CY2015 Location 120km WSW of Alice Springs 65km South of…
Location Map CTP assets with Palm Valley, Dingo 10
Amadeus Joint Venture (excl. NW Mereenie) Stage 1 completion earns Santos 25% interest in Southern Amadeus Exploration Permits 82, 105, 106, 107, 112, EPA147 and RLs 3 & 4 Mt Kitty 1 completion will earn Santos 70% of EP125 Results…
Mt Kitty Free carried under Santos farmin Flowed at 500,000 cf/d rate see earlier releases Fractured Basement Play is inferred from initial logs Analogues might be production from fractured basement reservoirs in Vietnam, China,…
Surprise Production around 200 BOPD Tapis quality crude Earned monthly revenue of 800,000 in June 13
Summary Palm Valley and Dingo secured infrastructure and production Amadeus Basin Santos JV Mt Kitty initial flow at 500,000 cf/d rate with 9% helium but well/testing incomplete Southern Georgina Total JV 3 well program to commence…
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
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