Central Petroleum Ltd. provide the operating activities report for the quarter ending 31 December 2019. HIGHLIGHTS - Sales volumes increased 6.7% to 3.7 PJE , up from 3.5 PJE in the Septemberquarter with total sales revenue of $18.5 million,up 7.5% from $17.2 million on the September quarter. - Announced a major exploration programme for CY2020 consisting of five high-graded drillableprospects and two appraisal tests in [...]
Central Petroleum Ltd. announces that it has appointed Flagstaff Partners Pty Ltd as its advisor for the farm-out of its CY2020 Exploration Programme exploration targets and associated operating assets to fund Central's CY2020 Exploration Programme. Flagstaff Partners are a leading independent corporate advisory firm based in Melbourne with substantial experience and a track record of delivering positive outcomes on [...]
Central Petroleum Ltd. refers to its ASX Announcement dated 11 December 2019 and announces the new gas sale agreement has become unconditional following conditions precedent being met. The start date for gas supply is anticipated to be 1 January 2020. About Central Petroleum Limited: Central Petroleum Ltd. is an oil and gas explorer and producer listed on the Australian Securities Exchange focused on supplying the [...]
Central Petroleum Ltd. today announces a new GSA has been signed by the MJV with AGL Energy. The agreement provides for up to 21.9 PJ of 'firm' and 'as-available' gas supply over three years. Gas will be supplied under the GSA by Central and its MJV partner, Macquarie Mereenie Pty Limited. The GSA is subject to conditions precedent, including the execution of final gas transportation agreements. Highlights - New gas sale [...]
Central Petroleum Ltd. advises Shareholders and interested parties that the Managing Director's presentation to shareholders last Thursday during the 2019 AGM is now available on the Company's website. To view the presentation, please visit: http://www.abnnewswire.net/lnk/T1M9AO74 About Central Petroleum Limited: Central Petroleum Ltd. is an oil and gas explorer and producer listed on the Australian Securities Exchange [...]
With the actions and plans we have for 2020, the coming year should be a stellar one for Central Petroleum Ltd. and we will be operating at a furious pace. My recent Chairman's Letter to you in the Annual Report, advised that FY19 was not just a good year for Central, but a transformational one. There are two main reasons. 1. We successfully completed Facilities Upgrades for Mereenie and Palm Valley on time increasing [...]
Central Petroleum Ltd. provides the quarterly report for the period. The review of operations for the quarter are summarised below. Successful completion of the four well exploration programme at the Range gas project in Queensland's SuratBasin, resulting in the certification of 270PJ of 2C contingent gas resource . It is anticipated that the upcoming pilot well programme and pre-Final Investment Decision activities will [...]
Central Petroleum Ltd. is pleased to release the attached presentation which provides a detailed overview of its CY 2020 exploration programme as announced on 11th October 2019. For the benefit of all shareholders and interested parties, a video of this presentation by the Company's CEO & Managing Director, Mr Leon Devaney, and the General Manager - Exploration, Mr Duncan Lockhart, has been recorded. This video [...]
Central Petroleum Ltd. has over the past six months undertaken a comprehensive updated analysis of its exploration portfolio, using its recently augmented internal exploration capabilities and independent external verification. This strategic portfolio review is now complete, defining a CY2020 exploration programme that will reinvigorate exploration in Central's Amadeus Basin permits. Successful exploration results will [...]
Central Petroleum Ltd. has recorded a Statutory Net Loss after tax of $14.5 million for the year ended 30 June 2019. The statutory result was after expensing exploration costs of $15.8 million in accordance with the Company's accounting policy. This included costs associated with the Gas Acceleration Program completed in calendar year 2018, including the drilling of Palm Valley 13 which was successfully tied into [...]
Central Petroleum Ltd. advises that the CEO & Managing Director, Mr Leon Devaney, will hold Investor briefings in the following cities on the dates listed below. Perth - 5:00pm, Wednesday 11 September 2019 William Buck - Level 3, 15 Labouchere Road, South Perth. WA. Melbourne - 5:00pm, Thursday 12 September 2019 William Buck, Level 20, 181 William Street, Melbourne. Vic. Sydney - 5:00pm, Friday 13 September 2019 William [...]
Central Petroleum Ltd. today announced that Mr Martin Kriewaldt has resigned from the Board of Central Petroleum Ltd. and all its subsidiaries effective immediately. The Board has selected Mr Wrix Gasteen to serve as Interim Chairman while it undertakes a process to consider a new Director and to select Central's Chairman. The Board thanks Martin for the tireless effort and dedication he has shown in his capacity as [...]