Central Petroleum Ltd. will hold an online presentation on Thursday 25 September 2025 commencing at 10.00 am AEST. Managing Director & Chief Executive Officer, Mr Leon Devaney, and CFO, Damian Galvin, will cover Central's annual results for FY2025. Attendees will be provided an opportunity to submit questions for a Q&A session to occur at the completion of the presentation. Participants wishing to join this webinar online [...]
Central Petroleum Ltd. today reports a significantly improved financial result for the financial year ending 30 June 2025 . Underlying Earnings Before Interest, Tax, Depreciation, Amortisation and Exploration increased 43% from the previous year to $19.6 million. After absorbing the costs of exploration activities, finance and depreciation, Central has recognised a statutory net profit after tax of $7.7 million [...]
Central Petroleum Ltd. will hold an online presentation on Friday 8 August 2025 commencing at 10.00 am AEST. Managing Director & Chief Executive Officer, Mr Leon Devaney, and CFO, Damian Galvin, will cover Central's results for the June quarter and provide an update on recent activities and the proposed share buy-back. Attendees will be provided an opportunity to submit questions for a Q&A session to occur at the [...]
Central Petroleum Ltd. announces it will commence an onmarket share buy-back program , supported by existing cash reserves and future operating cash flows underpinned by long-term gas supply contracts. The Company delivered a 28% increase in revenue for the second half of FY2025 compared to the first half, reflecting the benefit of new production wells and multi-year gas sale agreements. As a result, net operating cash [...]
Central Petroleum Ltd. provide the Activities Report and ASX Appendix 5B. - New gas sale contracts becoming visible, reflected in increased revenues, average prices and cash flows: - Sales revenue has increased significantly: o 22% higher for the full year compared to FY24, on a 2% increase in volume; o 28% higher for 2H FY25 compared to 1H FY25; and o 5.5% higher for the June quarter compared to the preceding March [...]
Central Petroleum Ltd. provides the following update on its operations and corporate activities. Operating Performance Central's operations have remained solid since the March quarter, with total normalised sales revenue of $7.9 million over April and May. This is slightly higher than the $7.7 million in total normalised sales revenue recorded for the first 2 months of the March quarter. Sales revenues continued to be [...]
Demand for gas from Central Petroleum Ltd. gas fields in the Northern Territory remained strong during the quarter as seasonally high temperatures drove increased energy consumption with limited alternative gas supply available. Two new production wells at Mereenie were commissioned during the quarter, initially boosting Mereenie's production capacity by 9 TJ/day . Production from both Mereenie and Palm Valley was [...]
Central Petroleum Ltd. advises that the Arafura gas supply agreement for Arafura's Nolan's rare earth's project, including gas supply contracts with Central's other Mereenie joint venture partners, has lapsed due to the condition precedent not being satisfied on or before the 31 March 2025. Central and the other Mereenie joint venture partners committed to the three-year sale in advance of the agreed 1 January 2028 [...]
Central Petroleum Ltd. released its half-year update for the period ending December 31, 2024, presenting a compelling narrative of financial stabilization and operational strength. This report marks a significant pivot for the company, which has emerged from a decade of fiscal challenges to establish a fortified balance sheet and a strategic foothold in the Northern Territory's evolving gas market. Through prudent debt [...]
Central Petroleum Ltd. today reports Underlying Earnings Before Interest, Tax, Depreciation, Amortisation and Exploration for the half year to 31 December 2024 of $8.6 million, an increase of 7% from the first half of FY2024. After absorbing the costs of exploration activities, finance and depreciation, Central has recognised a statutory net profit after tax of $1.5 million. Highlights since 30 June 2024 - New long-term [...]
Central Petroleum Ltd. outlook for 2025 radiates optimism, a stark contrast to the challenges of recent years, as the market begins to recognize the value of its Northern Territory gas fields. The past two years saw the company grappling with unexpected closures of the Northern Gas Pipeline, which rattled markets across northern Australia and squeezed Central's revenues, cash flows, and investment confidence. Yet, through [...]
Central Petroleum Ltd. advises that the recentlycompleted WM30 production well at the Mereenie field was tied-in and brought online on 26 February. WM30, the second and last well in the Mereenie drilling program, is currently producing over 4 TJ/d at the wellhead and is expected to stabilise at between 4 TJ/d and 4.5 TJ/d, exceeding the pre-drill expectation of circa 3 TJ/d per well. Combined, WM29 and WM30 have increased [...]
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