May 26 (Reuters) - Central Petroleum Ltd CTP.AX :
* Central signs 5.2 PJ pre-paid gas sale agreement CTP.AX
* Central's exposure to the mereenie production bonus removed giving future
potential savings of $2.5 to $8.75 million"
* Proceeds from agreement enable Central to fully fund deferred purchase price
of $10M for mereenie oil and gas field and for new reserve growth activities
* Source text for Eikon ID:nASX4l4zHh