CTP central petroleum limited
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Gibson Island manufacturing to continue through 2022

  1. OilGasPlanning
    467 Posts.
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    04/06/19
    09:27
    Post #: 38892169
    Extract from ASX announcement 4 June 2019

    Incitec Pivot Limited (ASX:IPL) today announced that it has entered into multiple arrangements to allow continuation of manufacturing operations at its Gibson Island plant through to 31 December 2022.

    These arrangements are subject to Australia Pacific LNG’s receipt of FIRB approval. Gas supply from Australia Pacific LNG will meet the plant’s needs from 1 April 2020 through to 31 December 2022    .

    IPL and Central Petroleum continue their exploration of potential gas supply from gas tenement acreage ATP 2031 in Queensland, as announced on 25 June 2018, which may provide a gas supply source for the plant beyond 2022.

    Regards

    OGP
    CTP Price at posting: 13.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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