Central Petroleum Ltd.

Central Petroleum Ltd. is pleased to announce that the farmout process to fund an Amadeus Basin Exploration Programme has advanced to a final due diligence phase with a preferred bidder under a limited period exclusivity arrangement. Background The farmout process, initiated in January 2020, has attracted sustained interest from local and international industry participants, notwithstanding the impacts of intervening [...]

Central Petroleum Ltd. refers to its ASX Announcement dated 22 October 2020 and announces that the New Gas Sale Agreement referred in the Announcement has become unconditional following conditions precedent being met. About Central Petroleum Limited: Central Petroleum Ltd. is a well-established, and emerging ASX-listed Australian oil and gas producer . In our short history, Central has grown to become the largest onshore [...]

Central Petroleum Ltd. is pleased to announce the restart of the Range Gas Project in Queensland's Surat Basin. The Range Gas Project is being progressed under a 50:50 joint venture between Central and a wholly-owned subsidiary of Incitec Pivot Limited . Highlights - The Range JV will restart activities required to reach a final investment decision , including a 3-well appraisal pilot program targeted to be drilled in H1 [...]

Central Petroleum Ltd. wishes to congratulate one of its Non-Executive Directors, Dr Julian Fowles, in being appointed Chief Executive Officer and Managing Director of Karoon Energy Limited. Dr Fowles advises that it is a requirement of his appointment that he resigns all of his non-executive directorships, including with Central, in order to focus on his new role. The effective date of his resignation is 31 October 2020 [...]

Central Petroleum Ltd. has signed agreements for the sale of 3.5 PJ of gas and a 12-month extension to its existing finance facility with Macquarie Bank Limited . Highlights - Central to supply 3.5 Petajoules of gas to Macquarie over calendar years 2022 and 2023. - The gas supply agreement is to be pre-paid in full in December 2020. - Funding from the gas supply agreement will be used for the recompletion of four existing [...]

Central Petroleum Ltd. is pleased to announce a maiden full year profit after tax of $5.4 million for the year ended 30 June 2020. Highlights - Record annual sales volumes and revenues: o Sales volumes up 14% to 12.3 PJE o Revenues up 10% to $65 million. - 51% increase in EBITDAX to $33.4 million. - Maiden full year profit of $5.4 million. - 16% increase in 2P reserves to 161.2 PJE. - Added 135 PJ of 2C contingent gas [...]

Central Petroleum Ltd. is pleased to announce the appointment of Mr Michael "Mick'' McCormack as a Director of the Company effective 1st September 2020. Central's Chairman, Wrix Gasteen said, "I am delighted to welcome Mick McCormack to the Central Petroleum Board. Mick retired last year as Managing Director and CEO of the APA Group, one of Australia's leading energy infrastructure businesses and ASX Top 50 Company [...]

Central Petroleum Ltd. has signed an agreement with Australian Gas Infrastructure Group and Macquarie Mereenie Pty Ltd to progress towards a Final Investment Decision for the development of the Amadeus to Moomba Gas Pipeline . The AMGP is a proposed major new gas transmission pipeline that would provide direct access from the Amadeus Basin in the Northern Territory to the Moomba gas supply hub in South Australia. AMGP [...]

Central Petroleum Ltd. provide the June 2020 Quarterly Update presentation with the following key highlights for the period. - Record annual sales volumes and revenues despite challenging market conditions in 2H - Quarterly results reflect depressed market conditions, but demonstrate the value of our long-term, firm gas supply contracts - Central's business is financially resilient and positioned to ride-out market cycles [...]

Central Petroleum Ltd. announces that the June 2020 quarterly webcast presentation will be delivered on Friday, 7 August 2020 commencing at 10:00am AEST. The Chief Executive Officer and Managing Director, Mr Leon Devaney, Chief Financial Officer, Damian Galvin and General Manager - Exploration, Duncan Lockhart, will cover the Company's financial performance and activities for the quarter and provide a status update on [...]