Central Petroleum Ltd.

Central Petroleum Ltd. provides the Company's Quarterly Activities Report. HIGHLIGHTS - 2018 Annual Report was released on 28 September 2018 with sales revenue and underlying EBITDAX increasing by 41% and 395% respectively over the prior year. - Cash balance at the end of the quarter was $22.1 million and combined with undrawn debt facility remains sufficient to fund the anticipated costs of current activities. - WM26 was [...]

Central Petroleum Ltd. announces that Santos has completed the seismic works as part of the Southern Amadeus Stage 2 farmout through the acquisition of 1,337 line km in EP82, EP112 and EP125. Santos has elected to proceed to Stage 3 of the Southern Amadeus Farmout with Central by electing to drill a well in EP112 to earn a 70% participating interest in that permit. It is expected that Santos will drill the Dukas Prospect [...]

Central Petroleum Ltd. , as Operator and 100% owner of Palm Valley Gas Field, announces that the Palm Valley 13 well , as of 13 September 2018 at 09:00 Hrs Australian Central Standard Time, has ceased drilling and the Company has called an early Total Depth to the well after reaching 2,242 metres Measured Depth . Palm Valley 13 is an in-field appraisal well for the Palm Valley Gas Field located in the Amadeus Basin. The [...]

Central Petroleum Ltd. provides the Company's latest presentation. Key achievements - Increased FY18 gas sales by 46% while remaining focused on safe, reliable and responsible operations - Materially progressed 2 Facility Projects targeting a significant increase in gas production capacity to at least 41Tj/d by December 2018 - Contracted significant new gas supply commencing in December 2018 that will almost triple [...]

Central Petroleum Ltd. , as Operator and 100% owner of Palm Valley Gas Field, announces that the Palm Valley 13 well , as of this morning, is drilling ahead in the targeted Pacoota Sandstone at 2,020 metres measured depth and the well has encountered strong gas flows. Gas flows were first encountered at 1,888 metres MD and have increased steadily to the current depth. The well tested at 13.6 million standard cubic feet [...]

Central Petroleum Ltd. today announces an update on the Gas Acceleration Programme . The GAP has an objective of maximising gas sales into the east coast market following connection via the Northern Gas Pipeline scheduled for commencement in December 2018. This is step change in the Company's financial position as gas sales under contract will nearly triple from current levels in just a few months. Not only does this [...]

Central Petroleum Ltd. as Operator and 100% owner of Palm Valley Gas Field, announces that the Palm Valley 13 well has reached 1,845 metres Measured Depth , and a 7" liner has been run and cemented in place with full cement returns. The tie back liner and downhole deployment valve with control lines were then successfully installed. Current operations are to drill out the shoe track and drill 3m of new hole for formation [...]

Central Petroleum Ltd. provides the Company's Annual Report to shareholders. Operating Highlights The Company's focus and achievements for the year were as follows: - A 46% increase in gas sales volumes and a 41% increase in total sales revenue. - Cash flow from operations of $5.2 million compared to a $0.2 million outflow in the prior year. - An equity raising was successfully completed in September 2017 to support the [...]

Central Petroleum Ltd. provides the Company's latest presentation at RIU Good Oil Conference. Our Company - ASX Listed with a current market cap. circa $75 million - Focus on onshore gas E&P in central and eastern Australia - Operator of the only producing onshore oil and gas fields in the Northern Territory and our operating fields generate strong positive operating cashflows - Current reserves [...]

Central Petroleum Ltd. , as Operator and 100% owner of Palm Valley Gas Field, announces that the Palm Valley 13 well , as of 07:36 hours , today reached 1,119 metres MD , 9 5/8" casing run and cemented in place with full cement returns to surface. PV13 is targeting a total depth of 3,471 metres MD with a vertical depth of 2,100 metres TVD and a near horizontal reservoir section of up to 1,570 metres MD. About Central [...]