Central Petroleum (ASX: CTP) holds an extensive package of prospective acreage of over 270,000 km2 in central Australia, which is predominately in the Pedirka Basin, along with 25,000 km2 in the Southern Georgina Basin.
Apart from conventional gas potential, the company has had independent estimates of over 10,000 trillion cubic feet in UCG "syngas" prospective recoverable resources.
Central Petroleum (ASX: CTP) has appointed 2 experienced petroleum executives, Andrew Whittle and Bruce Elsholz, as directors of the company.
Whittle has over 42 years of technical and managerial experience in the petroleum exploration and production sector and is deemed an expert in the Otway Basin.
He was closely involved in the exploration that led to the identification and discovery of the Thylacine gas field in the Otway Basin as well as promoting Pexco into Indonesian deepwater exploration.
Whittle spent 21 years with several affiliates of ExxonMobil in Australia with his final post as geological manager for Esso Australia before leaving to spend 5 years as exploration manager for GFR Resources.
He also has over 15 years experience through PetroVal Australia, of which he is a founding director, and his private consulting company Sheristowe.
Whittle is also a director of Bass Strait Oil and Malaysia’s Bumi Armada Sdn Bhd.
Elsholz is a chartered accountant with about 35 years experience in the upstream oil and gas sector.
He has held senior financial and commercial roles with a number of exploration and production companies in Australia and Canada. These include Hudsons Bay Oil and Gas Company, Hartogen Energy Limited, Command Petroleum Limited, Coplex Resources NL and Otto Energy Limited.
He also has more than ten years experience as Company Secretary with a number of ASX listed entities.
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