This past year has been the most productive one in Central’s history. It included commencement of oil production from Surprise, purchase of the Magellan assets which transformed us into a gas and oil producer, encouraging results from the Mt Kitty well, the commencement of development at Dingo, the recovery of gas saturated cores at Gaudi over a 300 metre interval in the rich Arthur Creek Shale and, more recently, the signing of a 15 PJ/year gas sales heads of agreement over ten years with Incitec Pivot. Our Managing Director has also worked tirelessly in conducting high-level discussions with the Northern Territory Government and others, promoting the gas interconnect to the East Coast. We believe the pipeline will give a significant boost to value of Central.
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