Central Petroleum Ltd.

Central Petroleum announces that Mr Richard Cottee will cease employment with the company on the 31st of January 2019. The Company has appointed a respected long term colleague of Mr Cottee, its current Chief Financial Officer, Mr Leon Devaney, as acting Chief Executive Officer . "Richard's passionate contribution to, and in particular his vision for, the Company have been invaluable," said Mr Martin Kriewaldt, Chairman [...]

Central Petroleum provides the Company's Operating Activities Report for the quarter ended 30 June, 2018. HIGHLIGHTS - Central and Incitec Pivot Limited entered into a Gas Sales Agreement whereby Central willdeliver at least 20 TJ/d of gas to IPL on an ex-field basis from its Palm Valley and Mereenie fields fromcommencement of commercial operations of the Northern Gas Pipeline until 31 December 2019. - Central and IPL [...]

Central Petroleum provides the Company's latest presentation at Noosa Mining & Exploration Conference. CENTRAL'S STRATEGY PHASE 1 - Northern Territory interconnected with east coast gas market via Northern Gas Pipeline -commencement scheduled for late 2018 - Pipeline reform to mitigate pipeline transportation costs -COAG pipeline reforms are currently being implemented - Upgrade of existing facilities in progress to be [...]

Central Petroleum as operator of the Mereenie Joint Venture, advises that the 6 1/8" hole of the West Mereenie 26 well was drilled horizontally from 1495 meters measured depth through to 2388 meters measured depth. This equates to a horizontal lateral length of 893 meters through the Lower Stairway 2 formation. The well was then logged and is currently being suspended and made secure. The logs will be analysed in light [...]

Central Petroleum announces drilling continues without incident and is currently at 2274m MD, with another 700m to go. Logs will be run from 2360m MD to evaluate completion options in the Lower Stairway 2. Background gas continues to increase as more air drilled horizontal open hole becomes available. Natural permeability is low and further work may need to be considered to complete WM26. About Central Petroleum Limited [...]

Central Petroleum as operator of the Mereenie Joint Venture announcesWest Mereenie 26 has reached the targeted Lower Stairway 2 sandstone as confirmed by cutting samples and logging while drilling Gamma Ray log. The horizontal section of the well now extends 425m and is now in the interval expected to be the most highly fractured, the results of which should be known in the next day or two. While minor gas shows and [...]

Central Petroleum today has executed a Gas Sales Agreement with Incitec Pivot Limited whereby Central will deliver at least 20 TJ/d of gas to IPL on an ex-field basis from its Palm Valley and Mereenie fields. The gas will be delivered from the commencement of commercial operations on the Northern Gas Pipeline till 31 December 2019. The Company is in discussions with APA Limited on upgrading the Mereenie to Amadeus Gas [...]

Central Petroleum provides the Company's latest Presentation at Credit Suisse 5th Annual Australian Energy Conference. CENTRAL'S STRATEGY PHASE 1 - Triple Gas Sales for the Northern Gas Pipeline - now in two stages due to external lateral upgrades - Get NT interconnected - achieved - Pipeline reform to mitigate tyranny of distance - substantially achieved - Upgrade existing facilities at Mereenie, Palm Valley and Dingo to [...]

Central Petroleum as operator of the Mereenie Joint Venture announces that conductors and surface casing were successfully run and cemented to a depth of 544.8 metres in the West Mereenie 26 well. At 09:00 hours today, the well reached a measured depth of 916 metres MD and is directionally drilling ahead. It has another 518 metres to go before it reaches the target Stairway Sandstone. The 6 1/8" under balanced air and [...]

As Central Petroleum enters its growth phase with the Northern Gas Pipeline becoming operational in December, the Company has significantly strengthened its management capabilities and taken the opportunity to have an orderly succession plan. The Company believes a successful Drilling Programme will open up the next phase of the Company's development and needs to start planning for that outcome. This calendar year, the [...]