Monday, 29 November 2021 09:05 GMT

Central Petroleum to reveal joint venture arrangement

(MENAFN- ProactiveInvestors)

Central Petroleum (ASX:CTP) 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.

Central Petroleum 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.

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