Central Petroleum advises that the Surprise West-1 well has commenced production. The initial flow rates from Surprise West-1 have exceeded expectation, producing around 675 barrels of oil (flush production, not on pump) in an initial 24 hour period.This initial 24-hour flush production is very encouraging, flowing at a rate of around 70% higher than the maximum flow rate achieved during the extended production test.A [...]
Last month Central Petroleum executed a strategic transaction to acquire Magellan Petroleum's onshore Australian assets, and secure a funding facility to complete and develop most of the Dingo gas field in the Amadeus Basin near Alice Springs. Add in the $300m being spent exploring the Santos and Total farm-out projects and it becomes clear that in the 18 months since CEO Richard Cottee took the helm the Company has [...]
The Directors of Central Petroleum present their report on the consolidated entity consisting of Central Petroleum and the entities it controlled at the end of, or during, the half year ended 31 December 2013.Principal Activity The principal continuing activity of the consolidated entity ("the Group") during the period was the exploration and development for hydrocarbons.Highlights for the half year reporting period and [...]
Central Petroleum advises that it has been granted a waiver from ASX listing rule 6.24 to the extent necessary to permit the Company not to send the notice required by paragraph 6.1 of Appendix 6A in relation to the 60,571,728 quoted options exercisable at $0.80 (80 cents) each, expiring 5pm (WST) on 31 March 2014 (ASX:CTPO).Accordingly, option expiry notices will not be sent by the Company to quoted option holders.In [...]
Central Petroleum advises that in a handover ceremony at Parliament House this morning, the Honourable Willem Westra Van Holthe MLA signed Production Licence #6 granting Central Petroleum its Production Licence required for the Surprise Oil Field Development. This is the first Production Licence granted in onshore Northern Territory since the passing of the Native Title Act 1993."This is an important milestone not only [...]
Australian oil and gas explorer Central Petroleum will shortly become an oil and gas producer announcing today an agreement to acquire the central Australian assets of Magellan Petroleum Australia. The share market liked the deal, marking Central Petroleum up 21% on the day.The agreement includes the currently producing Palm Valley gas field, the reserve-certified Dingo gas field and a substantial register of existing [...]
Central Petroleum today announced it has signed an agreement to purchase the material onshore assets of Magellan Petroleum Australia ("MPA") consisting primarily of the Palm Valley and Dingo fields near Alice Springs for $35 million. The consideration will be paid as $20 million cash and approximately 39.5 million shares in Central to MPA. Central will issue the shares and pay $15 million of the $20 million cash on [...]
Live Webcast to the Sydney Capital Markets, Central Petroleum - MD Richard Cottee outlined the company's objectives in being part of developing Australia's Energy Centre.Richard Cottee BA, LLB(Hons) Managing Director. The Corporate Goal of the Company is "to become the predominant producer of petroleum and value added products in a central Australian energy hub." With a strong track record of providing investor [...]
Investorium.tv Live Investment Presentations at the Sydney Sky Venue "Above the Cloud". 5 Outstanding Investment Opportunities in Australian Companies. Listen and Watch these company directors as they unearth the real value behind their growth strategy and investment opportunity. This event will be the first of the new series broadcast live from the highest event space in the Southern Hemisphere. Sitting 305 metres above [...]
Investorium.tv present five Outstanding Investment Opportunities in Australian Companies. Listen and Watch the live webcast of these company directors as they unearth the real value behind their growth strategy and investment opportunity. Julian Malnic, Chairman of the Sydney Mining Club, will be opening the evening followed by emerging gold company Revolution Metals. Revolution has recently obtained a brownfields project [...]
Adelaide, Australia (ABN Newswire) - Central Petroleum (ASX:CTP) will release a webcast by Richard Cottee, Chief Executive Officer, discussing the US$190 million Southern Georgina Farm-out with Total.
Central Petroleum today announce a multistage farm-out agreement with French energy company Total for the exploration of approximately 6 million acres. The agreement covers four highly prospective areas in the vicinity of recent discoveries in the Southern Georgina Basin in central Australia, namely, EP(A)132 in the Northern Territory and ATP(A)909, ATP(A)911 and ATP(A)912 in Queensland.
+80,00 %
-42,54 %
