Central Petroleum Ltd. and its Mereenie and Palm Valley Joint Venture partners have entered into a binding Letter of Intent with the Northern Territory's Power and Water Corporation to: i) support the immediate commencement of early works for an accelerated drilling program for four new wells; and ii) promptly document and execute gas supply agreements consistent with conditional gas supply term sheets that will see [...]
The past twelve months have provided clear evidence that the deliberate actions taken by the Board and Management of Central Petroleum Ltd. in recent years are beginning to deliver tangible results for our company and shareholders, and I would like to acknowledge my predecessor, Mick McCormack, for his role in helping to stabilise the company's fortunes. Mick planned to join us today, however, he was unable to make it and [...]
Central Petroleum Ltd. announced that it has entered into a conditional sale and purchase agreement to sell its interests in the three Northern Territory sub-salt exploration permits - EP82, EP112 and EP125 - to Georgina Energy Plc in consideration for a 25% equity interest in Georgina. Prior to completion of the transaction, Georgina must undertake an equity raise of at least GBP GBP7 million in order to fully fund its [...]
Central Petroleum Ltd. announced the Activities Report for the September quarter 2025. - Sales volumes of 1.1 PJe were 4.5% lower than the June quarter, reflecting lower seasonal demand, temporary pipeline pressure restrictions and partial oil offtake constraints. - Unit sales prices: the average realised delivered price across the portfolio was $10.15 / GJe for the September quarter, 28% higher than the same quarter last [...]
Central Petroleum Ltd. announces that its wholly owned subsidiary has signed a GSA with MRM for the supply of 1.3 PJ of gas over two years, commencing 31 December 2025. The GSA is for firm gas supply, ex-field, with take-or-pay provisions and at a fixed price. Highlights - Central Petroleum Limited will supply 1.3 Petajoules of gas to McArthur River Mining Pty Ltd in 2026 and 2027 under a new gas supply agreement . - The [...]
Central Petroleum Ltd. will hold an online presentation on Thursday 25 September 2025 commencing at 10.00 am AEST. Managing Director & Chief Executive Officer, Mr Leon Devaney, and CFO, Damian Galvin, will cover Central's annual results for FY2025. Attendees will be provided an opportunity to submit questions for a Q&A session to occur at the completion of the presentation. Participants wishing to join this webinar online [...]
Central Petroleum Ltd. today reports a significantly improved financial result for the financial year ending 30 June 2025 . Underlying Earnings Before Interest, Tax, Depreciation, Amortisation and Exploration increased 43% from the previous year to $19.6 million. After absorbing the costs of exploration activities, finance and depreciation, Central has recognised a statutory net profit after tax of $7.7 million [...]
Central Petroleum Ltd. will hold an online presentation on Friday 8 August 2025 commencing at 10.00 am AEST. Managing Director & Chief Executive Officer, Mr Leon Devaney, and CFO, Damian Galvin, will cover Central's results for the June quarter and provide an update on recent activities and the proposed share buy-back. Attendees will be provided an opportunity to submit questions for a Q&A session to occur at the [...]
Central Petroleum Ltd. announces it will commence an onmarket share buy-back program , supported by existing cash reserves and future operating cash flows underpinned by long-term gas supply contracts. The Company delivered a 28% increase in revenue for the second half of FY2025 compared to the first half, reflecting the benefit of new production wells and multi-year gas sale agreements. As a result, net operating cash [...]
Central Petroleum Ltd. provide the Activities Report and ASX Appendix 5B. - New gas sale contracts becoming visible, reflected in increased revenues, average prices and cash flows: - Sales revenue has increased significantly: o 22% higher for the full year compared to FY24, on a 2% increase in volume; o 28% higher for 2H FY25 compared to 1H FY25; and o 5.5% higher for the June quarter compared to the preceding March [...]
Central Petroleum Ltd. provides the following update on its operations and corporate activities. Operating Performance Central's operations have remained solid since the March quarter, with total normalised sales revenue of $7.9 million over April and May. This is slightly higher than the $7.7 million in total normalised sales revenue recorded for the first 2 months of the March quarter. Sales revenues continued to be [...]
Demand for gas from Central Petroleum Ltd. gas fields in the Northern Territory remained strong during the quarter as seasonally high temperatures drove increased energy consumption with limited alternative gas supply available. Two new production wells at Mereenie were commissioned during the quarter, initially boosting Mereenie's production capacity by 9 TJ/day . Production from both Mereenie and Palm Valley was [...]
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