Central Petroleum Limited (ASX:CTP) Quarterly Activities Report & Appendix 5B
OTCMKTS:CNPTF) provide the quarterly activities report & Appendix 5B for the March quarter. - Cash balance at the end of the March quarter (the quarter) was $37.7 million, compared to the $38.5 million balance at 31 December 2020, reflecting: - $7.4 million net cash flow from operations (before exploration and finance costs) which includes $2.9 million under the take or pay provisions of gas supply contracts for CY2020 - Increased exploration activity ($2.5 million expended) as the Range pilot drilling campaign commenced - Preparations for commencement of the Mereenie Development Program (included in $2.0 million of capital expenditure)