Central Petroleum advises that the Kintore bypass road, 'Kelly Highway', along with the improvements to the existing Surprise access road and Surprise location were completed 6 June 2012. There were delays in completion of work because of the extended travel time necessary to access a water bore as there was no accessible water near where the road was being built.
Central Petroleum announces that Mr Richard Cottee has been confirmed as CEO following the Company's recent Board meeting. Chairman Dr Henry Askin said Mr Cottee's appointment is effective immediately. His continuing engagement and the provision of his services, as previously detailed, are conditional upon shareholder approval of Mr Cottee as a director.
14:19 AEST May 28, 2012 ABN Newswire (C) 2004-2012 Asia Business News PL. All Rights Reserved. Perth, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) wishes to advise that it has received formal notification confirming the ...
Central Petroleum announces that Mr Richard Cottee is to be appointed as Director and CEO of the Company, subject to shareholder approval. Mr Cottee is a prominent figure in the Australian oil and gas industry having taken Queensland Gas Company from an early stage explorer to a major nonconventional gas supplier sold to BG Group for $5.7 billion. Mr Cottee is also currently non-executive Chairman of Austin Exploration [...]
Central Petroleum advises that it is currently investigating options to maximise shareholder value of its extensive early stage coal discoveries in central Australia through a separate listing of these assets. Central's extensive coal discoveries in the Pedirka Basin have the potential to be highly valuable; however, the market currently assigns little value to them. There is a supportive market sector for investors of [...]
Central Petroleum advises that Terrex Seismic has been awarded the contract to acquire 82 km2 of 3D seismic data over the Surprise structure in EP-115 in the Amadeus Basin, Northern Territory. An additional 60 km of 2D seismic data is planned to be acquired in close proximity to the 3D grid to further define one structure similar to the salt diapir-induced anticline at Surprise.
Central Petroleum has become aware of certain press speculation in which Hess is stated to be a preferred farm-in partner for the Company. Hess Corp is a large internationally recognised oil & gas company with interests onshore Australia, however, the Company currently has no preferred farmin partners.
Central Petroleum advises that it has completed an institutional placement of $11 million through the issue of 130 million new shares at 8.5 cents per share. The placement was completed at a 6% discount to the 5-day VWAP of Central's shares. The Placement is to provide the Company with additional working capital for further appraisal and/or drilling work on the Surprise prospect discovery in the Amadeus Basin and to [...]
Central Petroleum Limited advises that a short research report courtesy of Patersons Securities Limited can be found on the Company's website. To view the Patersons Research Report on Central Petroleum, please visit;
Central Petroleum has become aware of certain public statements made whereby various shareholders will be seeking to requisition the Company to call and arrange a general meeting for the replacement of three of the Company's four directors, namely, the replacement of Dr. Henry Askin, Mr. Richard Faull and Mr. William Dunmore with Mr. Peter Cockcroft, Mr. John Jetter and Mr. Colin Goodall.
Central Petroleum advises that the Kintore bypass road, to be used in connection with transport supporting the Extended Production Test is nearing completion, and planning for the commencement for the EPT itself, including storage tank lease is well advanced. Furthermore, the 3D and 2D seismic programs over the Surprise field in EP 115 and the 2D seismic over the Pellinor Reef play in EP 97 are at final design stage. It [...]
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