Central Petroleum Ltd. provides the Company's latest presentation. In summary - Only oil and gas company with exploration and production in the NT - Unique position to take advantage of the NGP and an attractive east coast gas market - Significant increase in gas sales from existing assets generating free cash flow - Opportunity through low cost conventional production and brownfield economics - Solid financial position [...]
Central Petroleum Ltd. has begun defining its next phase of growth following the commencement of the Northern Gas Pipeline in January. This new link to east coast gas markets is the catalyst for exciting transformational change for the Company's financial performance. Consistent with our strategic direction for the second half of the 2019 financial year, proving Central can generate enough free cash flow from operations [...]
Central Petroleum Ltd. provides the Company's Chief Executive Officer's letter to shareholders. Dear Shareholders, As many of you would know I accepted the role of Managing Director and Chief Executive Officer of Central Petroleum Ltd. last week. I feel very privileged to be given the opportunity to lead a company that now has solid foundations for success and a team of high-performing people. As shareholders in Central [...]
Central Petroleum Ltd. is pleased to announce the appointment of Mr Leon Devaney as the Company's Chief Executive Officer and Managing Director effective 21 February 2019. Mr Devaney has served as Acting Chief Executive Officer since 31 July 2018 and has, during this period, overseen a number of transformational milestones for Central leading up to the commencement of the NGP on 3 January 2019. The appointment of Mr [...]
Central Petroleum Ltd. provides the Company's Interim Financial Report for the half-year ended 31 December 2018. Highlights for the half-year reporting period and up to the date of this report - Operating revenue increased by 13.3% over the previous corresponding period from $17.7 million to $20.0 million. - Gas sales volumes increased 14.8% over the previous corresponding period, reflecting gas sold under a short term [...]
Central Petroleum Ltd. provides the Company's Quarterly Activities Report for the Quarter ended 31 December 2018. HIGHLIGHTS - Cash balance at the end of the quarter was $10.9 million and combined with undrawn debtfacility remains sufficient to fund remaining costs associated with completion of the GasAcceleration Programme . - Palm Valley 13 successfully drilled to 2,242 metres Measured Depth encounteringencouraging [...]
Central Petroleum Ltd. announces that its customer Incitec Pivot has advised Central that its Gas Sales Agreement with Incitec will commence on the 3rd of January 2019 when the Northern Gas Pipeline commences Commercial Operations. Central also announces that the new Field Boost Compressor at Mereenie is now successfully running meaning that all of the Mereenie Facility Upgrade equipment is available to deliver gas to [...]
Central Petroleum Ltd. announces the appointment of Stuart Baker as a Non-Executive director, effective from 7 December 2018. Mr Baker has more than four decades of experience in the oil and gas sector and currently provides independent advice to corporates and investors in the Australian oil and gas industry. Previously he was Executive Director, Morgan Stanley with dual roles as Co-Head Asia Oil, Gas and Chemicals [...]
Central Petroleum Ltd. announces the appointment of Kathy Hirschfeld as a Non-Executive Director, effective from 7 December 2018. Ms Hirschfeld is a highly regarded non-executive director, having served on the Boards of a number of companies listed on the ASX, NZX and NYSE, as well as Government and private company boards. She is currently the Chairman of Powerlink, President of the UN Women National Committee Australia [...]
Central Petroleum Ltd. announces that its customer Incitec Pivot has advised Central that its Gas Sale Agreement with Incitec is now anticipated to commence between 29 December 2018 and 10 January 2019. These dates reflect when the Northern Gas Pipeline is anticipated to be ready for Commercial Operations. Central is currently selling commissioning gas to Jemena, and this is expected to ramp up as the date for NGP [...]
Central Petroleum Ltd. provides the Company's latest presentation. What we've made possible -a big year - Drilled West Mereenie26 & Palm Valley 13 - Refurbished & restarted Palm Valley gas field - On-track to deliver facility expansion at Mereenie - LTI free to date Cutting edge drilling at PV13 - Reservoir section drilled underbalanced with air - 1000m vertical section then kick-off into horizontal section - 30,000 psi [...]
Central Petroleum Ltd. provides the Company's Chairman Address to Shareholders. Fellow Shareholders, Ladies and Gentlemen Much has happened at Central since the AGM last year where shareholders did me the honour of electing me to the Board. The achievements of the last year to June are outlined in the Annual Report and I will not repeat them here, other than to underscore just how transformational they were - leading to [...]
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