Central Petroleum Revenue and Competitors

Central Petroleum Limited (Central) (ASX:CTP) is an oil and gas explorer and producer listed on the Australian Securities Exchange focused on supplying the domestic gas market. Central is advancing several separate projects across what is regarded as the biggest package of proven and prospective oil and gas acreage across central Australia. This spread of assets gives Central multiple options for growth and development. 88% of this land being gas prone has led to the Company’s focus on becoming a major domestic gas producer. The price of domestic gas strengthening irrespective of the oil price and the low cost of gas production in the Northern Territory places Central as frontiers in gas in the midst of an anticipated gas shortage on the eastern seaboard by 2018. This coincides with findings of the Australian Competition and Consumer Commission that east coast gas markets will encounter supply and pricing issues. Central’s direction and strategy is to focus on gas in order to unlock a competitive advantage, accelerate its gas production and facilitate the Northern Territory Eastern Gas Interconnect (NEGI) into the eastern seaboard market.