Central Petroleum Ltd

ASX:CTP

Central Petroleum Ltd. engages in the provision of development, production, processing and marketing of hydrocarbons and associated exploration. The company is headquartered in Brisbane, Queensland and currently employs 85 full-time employees. The company went IPO on 2006-03-07. The firm is an operator of onshore gas production in the Northern Territory, supplying oil and gas from its Mereenie, Palm Valley and Dingo fields to domestic customers in the Northern Territory and the wider Australian east coast market. The Company’s segments include Producing Assets, Development Assets, and Exploration Assets. The Producing Assets segment is engaged in the production and sale of crude oil, natural gas and associated petroleum products from fields that are in the production phase. The Development Asset segment includes fields under development in preparation for the sale of petroleum products. The Exploration Assets segment includes exploration and evaluation of permit areas. Its licenses areas include Palm Valley Gas Field, Dingo Gas Field and Surrounding Area; Surprise Oil Field; EP 115, Mereenie Oil and Gas Field, Ooraminna Retention Licenses, and Amadeus Application Permits.