Yep, a big and unexpected surprise.
And CTP requested it...........................GO FIGURE.!!
Development of Queensland Gas Tenement Acreage On Hold
27 March 2020
Incitec Pivot Limited (ASX: IPL) today announced that the 50/50 joint venture project
concerning the coal seam gas acreage (ATP 2031) in Queensland’s Surat Basin has been
temporarily paused at the request of its partner Central Petroleum Limited (ASX: CTP). The
oil and gas sector has been significantly impacted by logistical disruptions caused by the
COVID-19 pandemic, as well as significant disruptions to the global oil and domestic gas
“IPL and CTP remain committed to the domestic gas project and look forward to restarting
activities on the planned three-well production pilot as soon as possible”, said Jeanne Johns,
IPL Managing Director & Chief Executive Officer.
IPL’s gas supply agreement with CTP, for the supply of natural gas to IPL’s Gibson Island site
in Queensland ended in December 2019. Gas supply from Australia Pacific LNG will meet the
plant’s needs from 1 April 2020 through to 31 December 2022. ##""
Good luck to all and sundries.
What did you expect???????????.