Slide 1: Central Petroleum Limited Project Updates
For personal use only Central Petroleum Limited (ASX:CTP) PROJECT UPDATES Tuesday, 20th May 2014
Slide 2: Disclaimer
Disclaimer For personal use only 1.This presentation is not intended for prospective investors and does not purport to provide all of the information an interested party may require in order to investigate the affairs of Central Petroleum Ltd (“Company”). This presentation does not attempt to produc
Slide 3: Overview
Overview For personal use only • 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 & Gas producer as well as an explo
Slide 4: Mt Kitty
Mt Kitty • Free – carried under Santos farm-in For personal use only • 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 accident but will be completed as p
Slide 5: About Helium
About Helium For personal use only • 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 the observable universe, but relatively
Slide 6: Helium Processing
Helium Processing For personal use only • Often done through tail gas on an LNG Plant (micro or otherwise) • Membrane technology could be utilised where LNG is not feasible 5
Slide 7: About Hydrogen
About Hydrogen For personal use only • 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 petroleum ends into lighter fuels •
Slide 8: Southern Georgina
Southern Georgina For personal use only • Total farm-in up to US$196m • Start of programme delayed pending resolution of land access issues • Central’s contribution to Stage 1 A may not be triggered until April next year 7
Slide 9: Southern Georgina
Southern Georgina For personal use only Boulia office 8
Slide 10: Surprise
Surprise For personal use only • 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 commitments. Central is evaluating options 9
Slide 11: Surprise
For personal use only 10 Surprise
Slide 12: Dingo
Dingo For personal use only • 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 further sales opportunities with (e.g. CNG
Slide 13: Dingo
For personal use only 12 Dingo
Slide 14: Palm Valley
Palm Valley For personal use only • 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 reserves • Field being optimised 13
Slide 15: Palm Valley
For personal use only 14 Palm Valley
Slide 16: Contact Details
Contact Details For personal use only Central Petroleum Limited 56‐58 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