Central Petroleum Ltd.

Central Petroleum today announced that the final payment of $10 million for Central's 50 percent interest in the Mereenie Oil and Gas Field was made to Santos. Central is the Operator of the Mereenie Oil and Gas Field as well as the Operator of the Palm Valley and Dingo Gas Fields in which it has 100 percent ownership. All three fields are located in the Amadeus Basin in the Northern Territory and have significant gas [...]

Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. ("Central") (ASX:CTP) (OTCMKTS:CPTLF) today signed a "Gas Sales and Prepayment Agreement" ("GSPA") with Macquarie Bank Limited ("MBL"). - Gas Sales Agreement signed for 5.2PJs of pre-paid gas supplied over 3 years, with up to an additional 3.5PJ of additional gas sales possible over 2 subsequent years - Central receives immediate payment for the pre-paid gas [...]

Central Petroleum are pleased to provide the Company's Quarterly Activities Report for March 2016. Highlights: - ACCC Report corroborates Central's gas strategy. - During the reporting period the Mereenie Field Development program was optimised to maximize reserve upgrades and reduce costs. The savings realized through these efficiency gains will be used to further develop our knowledge of the Stairway and P4 [...]

Since the beginning of 2014, Central Petroleum has embarked on a strategy to capitalise on the rising domestic gas price in the eastern seaboard as a safe harbour from the then anticipated fall in crude price. An essential part of that strategy was to do everything possible to ensure that our Northern Territory gas fields were physically connected to the markets where the shortage was predicted. The basis of this strategy [...]

Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. (ASX:CTP) Directors present their report on the consolidated entity consisting of Central Petroleum Ltd. and the entities it controlled at the end of, or during, the half-year ended 31 December 2015. Principal Activity The principal continuing activity of the consolidated entity ("the Group") during the period was the exploration, development and production of [...]

Central Petroleum announces that Netherland, Sewell and Associates, Inc. has certified the results of Stage 1 of Central's Reserve Upgrade Programme. This certification results in a 240% increase in Proved reserves to 62PJ and a 22% increase in the Proved and Probable reserves to 75PJ (Central equity accounted) as announced on 6 August 2015. Similar upgrading of reserves occurred in the contingent category with a 50 [...]

Central Petroleum announce that the Northern Gas Pipeline has been awarded to Jemena and the Final Investment Decision has occurred. The NGP will be either a 12" or 14" line with an initial capacity of approximately 100 TJ/day (36.5 PJ p.a.) or 150 TJ/day (55 PJ p.a.). The NGP is expected to be able to flow gas in calendar year 2018. The Northern Territory Power and Water Corporation has contracted to supply 30 TJ/day [...]

Central Petroleum announce the Quarterly Activities Report & Appendix 5B for the period ending December 2015. HIGHLIGHTS - Dingo Gas Field commenced deliveries of gas into the Owen Springs Power Station. - Pressure and flow data has been gathered as part of the Mereenie reserve upgrade programme with initial results expected this quarter. - Development of the North East Gas Interconnector ("NEGI" or otherwise to be [...]

Central Petroleum today announced that the physical tie-in to the Owen Springs Power Station by the customer is being commissioned and Dingo gas has therefore passed the Delivery Point under the Gas Supply and Purchase Agreement. Central completed its Dingo Gas Project pipeline and plant before 1 April 2015 on time and under budget with production subject to tie-in by the customer to the Company's delivery point at Owen [...]

Central Petroleum today issued 9.17 million shares to existing shareholders who elected to participate in the recent Share Purchase Plan which closed on 4 December 2015. This completes the capital raising which begin with a placement to institutional investors of 55 million shares and raising $10.5 million. The total gross amount raised is therefore $12.24 million. "My promise at the last two AGMs that the next capital [...]