Central Petroleum to reveal joint venture arrangement
() has been granted an ASX trading halt in relation to a proposed joint venture arrangement.
The halt will last until the earlier of the announcement being made or the start of normal trading on Friday 5th June 2015.
was recently granted approval to operate the Dingo Gas Field including the pipeline and plant.
Once in full operation the total sales of gas from Palm Valley and Dingo should reach over 3.3 petajoules per year providing an operating profit before interest and taxes of over $5 million annually.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.