CTP 0.00% 5.3¢ central petroleum limited

Answers a number of questions in regards to no ANN in relation...

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    Answers a number of questions in regards to no ANN in relation to Surprise JV .

    BUT NOT TO PROGRESS OF INFRASTUCTURE

    Or Mtkitty or SGB OR Drilling rig /


    http://www.mondaq.com/australia/x/282284/Energy+Law/December+2013+energy+sector+update



    According to Mergermarket, ASX-listed oil and gas company

    Central Petroleum could revisit farm-in plans in 2014
    for its Surprise project after discussions with an unnamed foreign investor recently stalled due to delays in that investor's government approval process.


    The proposed transaction between Central Petroleum and the foreign investor reportedly entailed the sale of a 10% to 30% interest in the Surprise project at an approximate price of A$1 million per percentage point.

    Central Petroleum's chief executive officer Richard Cottee has reportedly stated that the company is not bound by an exclusivity provision with the foreign investor at this stage
    And that he would welcome approaches from financial advisors in relation to funding strategies or new farm-in processes.

    Central Petroleum is continuing to progress drilling at Surpise-1 located in the Northern Territory's Amadeus Basin.
 
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