CTP 3.64% 5.3¢ central petroleum limited

mt kitty, page-59

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    Surprise West on production.
    First 7 days production averaged 524 BOPD
    ?
    Closed on Magellan fully funded acquisition.
    Palm Valley on Production with Dingo next year.
    Next year 3.3PJ pa sales gas under contract
    ?
    Mt Kitty recommenced drilling
    –Total Depth expected in next week
    ?
    Dingo construction finance has coverage for costs over-run and subject to shareholder approval.
    Security is restricted to Magellan assets
    ?
    Magellan acquisition contributes to overhead recovery
    ?
    Post Dingo commissioning approximately half the debt repaid
    within 5 years plus $2 million pa contribution toCentral
    ?
    Surprise West at 400 BOPD average will produce at present
    prices and 90 cents exchange rate around $10 million in
    first 12 months without Surprise East

    400 BOPD SO WHAT HAPPENED TO THE PUMP

    Thought pump to kick in when it gets to 450 BOPD

    Being very conservative at 400 bopd
 
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