Central Petroleum Ltd.

Central Petroleum Ltd. is pleased to announce that it has reached agreement with its joint venture partner, Santos QNT Pty Ltd on the forward plan for the prospective multi-tcf Dukas prospect in EP112 in the Northern Territory's Amadeus Basin. Key points - Updated mapping incorporating results from Dukas-1 exploration indicates the structural closure appears to be in excess of 400km2, making it one of the largest-known [...]

Central Petroleum Ltd. provides the following update about the ongoing JV negotiations with Santos in relation to a forward plan for the prospective multi-tcf Dukas prospect in EP112 in the Northern Territory's Amadeus Basin. While drilling the Dukas-1 well in August 2019, mud gas samples indicated a combination of hydrocarbons and inert gases. The well was suspended at a depth of 3,704m, after encountering an [...]

Central Petroleum Ltd. is pleased to announce the appointment of Dr Agu Kantsler as a Director of the Company, effective 15 June 2020. Central's Chairman, Wrix Gasteen said, "After an extensive search for an oil and gas exploration expert, I am delighted to welcome a person of Dr Kantsler's professional calibre to the Central Petroleum board. Dr Kantsler's appointment is timely as he joins Central during an important [...]

Central Petroleum Ltd. provide the Quarterly Update Presentation. - Oil oversupply and lower energy demand following COVID-19 has generated sudden and unprecedented shocks to the energy sector - Lower quarterly revenues reflect these very depressed market conditions, but demonstrate the value of our long-term, firm gas supply contracts. - Central's business is much more financially resilient and well-placed to ride-out [...]

Central Petroleum Ltd. announces that the March 2020 quarterly webinar presentation will be delivered on Thursday, 14 May 2020 commencing at 10:00am AEST. The Chief Executive Officer and Managing Director, Mr Leon Devaney, and Chief Financial Officer, Damian Galvin, will cover the Company's financial performance and activities for the quarter. The presentation will also provide an update on key growth initiatives [...]

Central Petroleum Ltd. provide the Quarterly Activities Report for the period ending March 2020. Highlights - Cash balance at the end of the March quarter was $26.1 million, up $11.2 million from $14.9 million at 31 December 2019. This is one of the Company's highest ever quarter ending balances: - $7.5 million net cash flow from operations , including annual take-or-pay receipts of $3.2 million. - $5.6 million in net [...]

Central Petroleum Ltd. provides the following update on business activities in the wake of unprecedented market conditions and the operational challenges originating from the unfolding COVID-19 crisis. How resilient is Central during periods of low energy prices? Central has accumulated a portfolio of operating assets that generate positive cash flow and allow the Company to weather deep market cycles. Combined with the [...]

Dear Shareholders, As you are no doubt aware, global markets have fallen significantly in recent weeks reflecting continued economic uncertainty around the spread of the Covid-19 coronavirus. More recently this week we have seen a further and dramatic fall in the oil price which appears to be driven by changing supply strategies from OPEC producers. I want to assure you that the Board and Management of [...]

Central Petroleum Ltd. reports a maiden net profit after tax of $3.2 million for the half year to 31 December 2019. Earnings Before Interest, Tax, Depreciation, Amortisation and Exploration was $17.2 million, reflecting the strong performance of Central's gas and oil fields in the Northern Territory. Highlights for the half year - Step change in operating results compared to the previous corresponding period : o Operating [...]

Central Petroleum Ltd. is pleased to release the attached presentation which provides a detailed overview of its December 2019 Quarter. The December 2019 quarter saw a strong performance from Central Petroleum Ltd., with sales volumes up 6.7% on the previous quarter and sales revenue up 7.5%. Central also made significant progress on its growth strategy, certifying 2C gas resources at its new Range CSG project and [...]