Central Petroleum Ltd.

Central Petroleum Ltd. announces that a webinar presentation will be delivered by the Chief Executive Officer and Managing Director, Mr Leon Devaney, on Friday, 30 August 2019 commencing at 10:00am AEST to provide a Company update including the Dukas exploration programme, Project Range and the Quarterly Report for the quarter ended 30 June 2019. Participants wishing to join this webinar online will need to register using [...]

Central Petroleum Ltd. advises that NSAI has independently certified 270 PJs of 2C Contingent Resources of Walloons coal seam gas at Project Range in the Surat Basin, Queensland. NSAI is an internationally acclaimed and respected certifier for petroleum reserves and resources and has been conducting such evaluations in the Walloons CSG play for more than a decade. Their extensive database of coal properties for the region [...]

As recently announced by Central Petroleum Ltd., the Dukas-1 exploration well, located approximately 175km south west of Alice Springs, encountered formation pressures much higher than predicted at a depth of 3,704m. HIGHLIGHTS - Well to be suspended at 3,704m - Hydrocarbon-bearing gas circulated to surface provides strong evidence of a working petroleum system - Significant over-pressure just above the prognosed primary [...]

Central Petroleum Ltd. advises that Range 2, the fourth well in the Project Range exploration programme, has been successfully executed in line with the well plan. HIGHLIGHTS - Net coal thickness on prognosis and permeability in line with, or better than, expectations throughout the permit - Fifth exploration well not required to move forward with production pilot to mature the resource further - First booking of 2C [...]

Central Petroleum Ltd. provides the following update in relation to the drilling of the Dukas 1 well. Dukas 1 is currently at a depth of 3,704m and in the Gillen Formation. Formation pressures have been encountered that are significantly higher than that seen in previous wells targeting the pre-salt play . This overpressure is associated with an inflow of gas of yet to be determined composition. The Joint Venture is now [...]

Central Petroleum Ltd. provides the following update in relation to drilling operations on Project Range and Dukas 1. PROJECT RANGE - RANGE 2 SPUDS & RANGE 3 RESULTS The drilling programme in respect of Project Range, a 50:50 Joint Venture with a wholly owned subsidiary of Incitec Pivot Limited in ATP 2031, continues to progress well. Range 2, the fourth well in the Project Range exploration programme, spudded on 30 July [...]

Central Petroleum Ltd. provide the Quarterly Activities Report & Appendix 5B. HIGHLIGHTS - Sales volumes were 4.0 PJE, including the sale of purchased gas of 0.2PJ . - Net cash flow from operations, after exploration, interest and unallocated G&A, was $8.4 millionwith a cash balance at the end of the quarter of $17.8 million . - Principal repayments under debt facilities were $7.25M with Macquarie pre-sale gas [...]

Central Petroleum Ltd. provides the following update in relation to drilling operations on Project Range and Dukas 1. PROJECT RANGE - RANGE 3 SPUDS & RANGE 5 RESULTS The drilling programme in respect of Project Range, a 50:50 Joint Venture with a wholly owned subsidiary of Incitec Pivot Limited in ATP 2031, continues to progress well. Range 3, the third well in the Project Range exploration programme, spudded at 8:00pm [...]

Central Petroleum Ltd. provides the following update in relation to drilling operations on Project Range and Dukas 1. PROJECT RANGE - RANGE 5 SPUDS & RANGE 4 RESULTS The drilling programme in respect of Project Range, a 50:50 Joint Venture with a wholly owned subsidiary of Incitec Pivot Limited in ATP 2031, is progressing well. Range 5, the second well in the Project Range exploration programme, spudded yesterday at [...]

Central Petroleum Ltd. as Joint Venture and non-operated partner of EP112 in the Northern Territory, announces that the Dukas 1 exploration well has drilled to 3,515m measured depth in the Gillen Formation. A suite of wireline logs are currently being run with an 8-5/8" intermediate casing liner to be set and cemented once the logging runs are completed. Forward plan will be to drill out the shoe track and perform a leak [...]