Central Petroleum Ltd.

Central Petroleum Ltd. advises that it expects to release its full year results and 2021 Annual Report on Tuesday 21 September 2021. Central's Chair, Mr Mick McCormack and the Company's Chief Executive Officer and Managing Director, Mr Leon Devaney will host a webinar to cover the Company's financial performance and activities for the year and provide an update on current and planned activities. The webinar will be held [...]

Central Petroleum Ltd. advises that WM28, the second development well in the Mereenie Development Programme was completed on 6th September 2021. Key points - WM28 has been successfully completed as a dual zone production well with good flow test results and is expected to be tied-in to the gathering network by mid-September. - Sustained flow rates were also encountered while drilling through the shallower Stairway [...]

Central Petroleum Ltd. provides the following update on its Range CSG Pilot in the Surat Basin. All three wells continue to operate reliably, with gas rates steadily increasing as dewatering continues. Daily flow rates have increased to around 50,000 scfd, up from 35,000 scfd in July. Production is currently paused while interference tests are conducted to better understand the connectivity of the coals. Water production [...]

Central Petroleum Ltd. advises that following its ASX Announcement dated 16 July 2020, Santos QNT Pty Ltd has elected not to provide the carry referred to in that announcement and accordingly Santos is now obliged to transfer a 15% interest in EP112 to Central's wholly owned subsidiary Frontier Oil & Gas Pty Ltd . As a result, Frontier's interest in EP112 will increase from 30% to 45% and Santos' interest in EP112 will [...]

Central Petroleum Ltd. provide the Quarterly Activities Report and review of operations for the period. Highlights - Cash balance at the end of the June quarter was $37.2 million, compared to the $37.7 million balance at 31 March 2021, reflecting: - $5.2 million net cash flow from operations - Ongoing exploration activity including the Range pilot drilling and completion and the acquisition of long lead items for the [...]

Central Petroleum Ltd. advises that WM28, the second Development well in the Mereenie Development Programme, was spudded on 21 July 2021 at 03:30hrs. Prior to spudding WM28, WM27 was successfully drilled and cased across the upper reservoir with the shoe at 1,286 metres. The well was then drilled ahead with air to 1,367m to the lower reservoir . The well has been temporarily suspended pending the procurement of equipment [...]

Central Petroleum Ltd. provides the following update on Project Range. Three Well Pilot Program All three wells have been operating continuously since commencement of pumping on 14 June 2021. Well drawdown was gradually increased via a controlled reduction in the fluid level, which is now just above the pumps. Gas breakthrough was observed in the annulus immediately upon commencement of pumping. This was earlier than [...]

Central Petroleum Ltd. advises that the Range pilot has commenced production. The three wells have been successfully drilled and completed, and surface facilities have been installed and commissioned. The pumps have been started at low speeds and the wells are presently producing water to the storage tank. The pumps will be ramped up over the next two weeks to gradually increase water rates and control well drawdown [...]

Central Petroleum Ltd. advises that WM27, the first Development well in the Mereenie Development Programme, was spudded on 3rd June 2021 at 2145 hrs. The rig has moved off the recompletions of the four existing wells , and these wells are scheduled to be progressively brought back on-line over the coming days. WM27 is being drilled at a crestal location targeting increased gas production. This well, along with another [...]

Central Petroleum Ltd. advises that all three wells comprising the Range Pilot Programme have been drilled successfully and surface equipment will now be installed prior to the installation of down-hole pumps. The three Range pilot wells, Range-6, Range-7 and Range-8 were drilled to depths of between 675m and 685m and confirmed net coal of between 26m and 28m across the three coal seams of Walloon Coal Measures [...]