The Mining, Energy, Oil and Gas Publications for the Asia Pacific Region.

Posted Tue May 15, 2012

CENTRAL Petroleum has announced its intention to appoint Richard Cottee as Director and CEO of the Company, subject to shareholder approval. Cottee’s experience at QGC taking the company from a junior explorer to major unconventional gas player with its sale to the BG Group for $5.7 million will translate well to Central’s plans to develop its assets in Central Australia with joint venture partners.


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BHP Falls to a Three Year Low


	BHP BILLITON hit a three year low after the company’s announcement at APPEA 2012 that its $US20 billion leap into shale gas production has had to be reconfigured to cope with a slump in gas prices. ‘The big Australian’ will cut the number of shale gas wells it will drill and decide on whether to write down its US shale gas assets by the end of this quarter.

Titan Adds to its Acreage


	AUSTRALIAN oil and gas company Titan Energy has built on its recent US acquisitions by taking up an option to acquire 100% interest in 276 acres of productive acreage on the northern flank of the Allen Salt Dome in Brazoria County, Texas.

Farm-in Partners Court Central


	CENTRAL Petroleum has confirmed that it has received a record amount of interest from potential farm-in partners for its extensive acreage across central Australia and is currently carrying out several negotiations.

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