Central Petroleum Limited has completed the construction of the Dingo Pipeline and will now begin a program of hydro-testing which could take up to two weeks. Once the hydro-testing has been completed and all necessary approvals to operate the pipeline have been received then commissioning can commence.
On present indications, the Dingo Project (including plant and pipeline construction) will be on time and close to 10% below the budget provided under the financing facility limits. This also means Central will retain more than $2.5 million in undrawn facilities which Central may be able to access.
'Given the remoteness of our operations and the present economic climate in which we operate, it is a real achievement to bring in this company-critical project on time and substantially below the Macquarie Facility limits', said Richard Cottee, Managing Director of Central.