Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. (ASX:CTP) (OTCMKTS:CPTLF) ("Company" or "Central") is pleased to advise that Mr Martin Kriewaldt has been appointed to the Central Board as an Independent Non-Executive Director. This is the first appointment in satisfying Central's commitment to augment and expand the current Board of Directors. Martin is a Life Fellow of the Australian Institute of Company [...]
Central Petroleum provides the Company's Annual Report Review Presentation. ANNUAL REPORT HIGHLIGHTS - Total sales revenue of $25 million reflects a 9% increase from 2016. The recent EDL gas contract increases contracted annual gas volumes by roughly 45%. - Net Sales Volumes o Oil (barrels) 111,380 (2016: 98,635 barrels) o Natural Gas (TJs) 3,322 (2016: 3,230 TJs) - The EDL gas contract increased the Macquarie gas [...]
Central Petroleum announces that a webinar presentation will be delivered by the Managing Director, Mr Richard Cottee, on Monday, 9 October 2017 commencing at 4:30pm EST to discuss the Annual Report for the year ending 30 June 2017. Participants wishing to attend this webinar will need to register using the following link http://www.abnnewswire.net/lnk/Z8B8A732 About Central Petroleum Limited: [...]
Central Petroleum provide the latest company presentation. The ACCC released its Inquiry into the east coast gas market in April 2016: - Comprehensive and "fully informed" assessment of the east coast gas market - 12 month study with unprecedented access to confidential market information - Key findings: 1. New gas supply is urgently needed 2. At risk capital investment from gas producers is required now 3 [...]
Central Petroleum has had another year of significant progress operationally and financially with growth in oil and gas production and revenues, continued focus on costs and the securing of the EDL gas contract for supply which commenced in June 2017. The financial performance for the year was marred by the mark to market loss on the Macquarie gas prepayment contract, where repayment will commence either financially or [...]
Central Petroleum announces a Mereenie Joint Marketing Agreement which will facilitate the upgrading of Mereenie Reserves to coordinate with the commissioning of the Jemena NGP link to the East Coast gas network. The JMA terms have been agreed today by the Mereenie Joint Venture participants (Central Petroleum Mereenie Pty Ltd as trustee for the Central Petroleum Mereenie Unit Trust ("CPMUT") and Macquarie Mereenie Pty [...]
Central Petroleum advises that the Entitlement Offer Information Booklet and personalised Entitlement & Acceptance Form relating to its non-renounceable pro-rata entitlement offer announced on 10 August 2017 will be despatched to eligible shareholders today. Eligible shareholders who have elected to receive notifications electronically will be issued the Entitlement Offer Information Booklet by email to the address noted [...]
Central Petroleum is pleased to offer eligible shareholders the opportunity to participate in a 5 for 12 fully underwritten, traditional non-renounceable entitlement offer of new fully paid ordinary shares in Central (New Shares) at an issue price of $0.10 per New Share, that will raise approximately $18.0 million before costs (Entitlement Offer). The proceeds of the Entitlement Offer, along with the institutional [...]
Central Petroleum announced an institutional placement and a 5 for 12 non-renounceable pro-rata entitlement offer to raise approximately $27.2 million before costs. In accordance with the timetable for the Entitlement Offer, Central confirms that the attached letters to eligible and ineligible shareholders will be despatched today. To view Notices to Eligible and Ineligible Shareholders, please visit [...]
Central Petroleum is pleased to announce the successful completion of a placement to institutional and sophisticated investors to raise approximately A$9.2 million; and that it is to undertake a 5 for 12 traditional non-renounceable entitlement offer to raise approximately A$18.0 million (Entitlement Offer). Together the Placement and Entitlement Offer will raise approximately A$27.2 million before expenses (Equity [...]
The amendments to the National Gas Rules arising out of the Gas Market Reform Group recommendation with respect to non-scheme pipelines has now passed through the legislative processes and commenced operations on 1 August 2017 as part of the Council of Australian Governments Energy Council process. These recommendations were the result of COAG's adoption of the Vertigan Report on 14 December 2016. By letter, dated 14 [...]
Central Petroleum provides the Company's latest Quarterly Results Review Presentation. OPERATIONAL UPDATE Central's Gas Acceleration Programme is 'drill-ready' to close the GAP in gas supply through NGP in 2018. Consideration: Stairway Testing programme Update: - Continued through 2017: o West Mereenie 15 free flowing gas from Stairway at sustainable rates with a low nitrogen content of 2.6% o Palm Valley natural [...]