Central Petroleum Ltd. announces the appointment of Dr Julian Fowles as a Non-Executive director, effective 28 June 2019. Dr Fowles is a petroleum industry professional with over 30 years in international leadership roles, including 17 years with Shell International, as well as positions with other major listed companies. Dr Fowles comes with extensive board, shareholder and analyst engagement experience. Most recently Dr [...]
Central Petroleum Ltd. provides the following update in relation to drilling operations on Project Range and Dukas 1. PROJECT RANGE - DRILLING CONTRACT EXECUTED Project Range is a 50:50 Joint Venture with a wholly owned subsidiary of Incitec Pivot Limited in ATP 2031 in which Incitec will contribute up to $20 million of the exploration and appraisal costs. ATP 2031 is a 77 km2 permit located in the Surat Basin that was [...]
Central Petroleum Ltd. advises that it has completed a review of the Palm Valley field performance. Since restarting production, the existing Palm Valley wells have underperformed relative to pre-start expectations. Consequently, a comprehensive and independent reservoir modelling study was commissioned to update the life-of-field production forecasts. This has resulted in revised estimates for the field Reserves and [...]
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 2604m measured depth in the Gillen Formation and 10-3/4" surface casing has been cemented in place. Low background gas levels observed while drilling through the Gillen Formation could be an indication of the efficacy of the salt as a regional seal. Forward plan [...]
Central Petroleum Ltd. advises that the Palm Valley 13 well has been ramped up to 6.3 TJ/d, and the Palm Valley field is now delivering 12.4 TJ/d of sales gas. The well is currently limited at this rate by the nameplate capacity of the wellhead skid which was redeployed from the PV1 well after it failed to restart. Reusing the PV1 skid enabled an accelerated online date whilst matching expected flowrates and minimising [...]
Central Petroleum Ltd. advises that the Palm Valley 13 well has been tied-in and commenced flowing to sales on 17th May 2019. The successful delivery of the tie-in project is forecast to provide a significant increase in production from the Palm Valley field. Having the well online is the culmination of the Palm Valley portion of the broader Gas Acceleration Plan to deliver increased gas sales into the robust east coast [...]
Central Petroleum Ltd. today announced the appointment of Damian Galvin as Chief Financial Officer, effective 12 August 2019 . Damian brings over 15 years of extensive gas sector experience including as Chief Financial Officer of coal seam gas pioneers Queensland Gas Company Ltd. and WestSide Corporation Limited during their transition from junior explorers to significant gas producers. Damian will play a key role as the [...]
Central Petroleum Ltd. provides the Company's Quarterly Review for March 2019. Delivering on our gas strategy - 2 Significant gas related farm-outs in 2012 - Acquired 3 producing gas fields in 2014/15 at pre-Northern Gas Pipeline prices - Delivered the Gas Acceleration Program : o largest project undertaken by Central o delivered plant capacity increase on time and within available funding - NGP now complete and [...]
Central Petroleum Ltd. announces that a webinar presentation will be delivered by the Chief Executive Officer and Managing Director, Mr Leon Devaney, on Tuesday, 14 May 2019 commencing at 10:00am AEST to discuss the Quarterly Report for the quarter ended 31 March 2019. Participants wishing to join this webinar online will need to register using the following link: http://www.abnnewswire.net/lnk/2C7X21M4 About Central [...]
Central Petroleum Ltd. provides the Company's Quarterly Activities Report. HIGHLIGHTS - The Dukas-1 exploration well progressed during the quarter, with spudding on 16 April 2019 and total depth anticipated by mid-CY2019. - The Mereenie field successfully operated at significantly elevated production levels following a facility upgrade, enabling the Company to meet all firm sales obligations. - Total sales volume over the [...]
Central Petroleum Ltd. advises that the Operator of EP112 Joint Operations has notified that the Dukas-1 well spudded today at 7.45am AEST. Central is being free carried for all costs associated with the Dukas-1 well, including mobilisation, drilling, testing and completion as part of the farm-in obligation from Santos QNT Pty Ltd to EP112, Northern Territory. Ensign Australia Pty Ltd is drilling the well using Ensign 965 [...]
Central Petroleum Ltd. today announced that it has received approval from the Northern Territory Department of Primary Industry and Resources for the suspension of Year 1 permit commitments for 12 months to March 2020 for RL3 and RL4. RL3 and RL4 are located ~50 km southeast of Alice Springs in the Northern Territory and cover the Ooraminna Anticline . Currently Central is developing the drilling Environmental Management [...]
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