News: Central Petroleum (ASX:CTP) bound for Toron

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Managing Director, John Heugh from Central Petroleum Limited (ASX:CTP) talks about its drilling plans for 2011 with 3 liquid focused wells 2 wells in the Amadeus Basin and one well in the Madigan prospect in the Pedirka Basin its priority. On the corporate front Central Petroleum (ASX:CTP) are going ahead with a listing on the Toronto Stock Exchange( TSE) within 3- 6 months in a move to improve its access to Canadian investors with an interest in the Central Australian oil & gas condensate assets. Central Petroleum has approx $10M cash at bank and is talking to potential JV partners about farm in agreements for some of its assets. The company has a target of being in production by year’s end.