2016 Q4 Report... "The investment theme of Central since 2013...

2016 Q4 Report...

"The investment theme of Central since 2013 has been that there will be a major shortage of natural gas in the eastern seaboard by 2018 with dire consequences to the national economy and jobs unless companies like Central geared up to become new suppliers by then. It has been hard work and a long and winding road but we are on the cusp of becoming such a new supplier, at exactly the right time."


"Well before the NGP becomes available to transport gas from the Northern Territory to Australia’s east coast demand centres we expect the implementation of significant and beneficial reform of domestic gas transportation regulations."

"The Australian newspaper (16 January 2017), once our gas reaches Mt Isa, it is basically back haul all the way to Sydney AND Melbourne which requires a very low level of pipeline service at a commensurately low cost. These reforms will substantially cheapen the cost of transporting Northern Territory gas into the domestic centres of demand."



IMOP this underpins the strategy of CTP's timing of entry into Gas Supply Agreements.

Negotiation of gas transport costs and selling process add directly to our profitability without requiring capital investment.

Regards

OGP