Central Petroleum Ltd. provide the Quarterly Activities Report. - Sales volumes at 1.3 PJe were up 25% on the transport constrained previous quarter, benefitting from production from the recently commissioned Palm Valley 12 well. - Unit sales prices across the portfolio improved 20% to an average of $8.15/GJe , reflecting the restored access to higher priced eastern gas markets for much of this quarter. - Sales revenue of [...]
Central Petroleum Ltd. provides resource estimates for the three well sub-salt exploration program scheduled to commence drilling later this year / early 2024, targeting helium, naturally-occurring hydrogen and natural gas. Key points - Central's share of gas resources across the three prospects are estimated to be in the order of: o 44.8 billion cubic feet of helium, including a prospective resource of 40.5 bcf at Dukas [...]
Central Petroleum Ltd. refers to its announcements regarding the Peak Helium farmout transaction, including the initial announcement dated 9 February 2022. Central confirms that completion of the farmout agreement occurred on 31 March 2023. Central has also been notified that completion has occurred under Peak Helium's farmout agreement with Santos. Following completion of the farmout agreements the resultant post-farmout [...]
Central Petroleum Ltd. will hold an online presentation on Friday, 17 March 2023 commencing at 10:00am AEST. Managing Director & Chief Executive Officer, Mr Leon Devaney, and members of the management team will cover Central's half year results and provide an update on current and planned activities. Attendees will be provided an opportunity to submit questions for a Q&A session to occur at the completion of the [...]
Central Petroleum Ltd. today reports Underlying Earnings Before Interest, Tax, Depreciation, Amortisation and Exploration for the half year to 31 December 2022 of $5.3 million. EBITDAX is lower than the $10.0 million reported in the corresponding FY2022 half year, reflecting Central's reduced interests in the Amadeus Basin producing properties from 1 October 2021 and temporarily weaker underlying sales volumes which have [...]
Central Petroleum Ltd. refers to its announcements regarding the Peak Helium farmout transaction. The conditions precedent satisfaction date for the Peak Helium farmout is currently 28 February 2023. Central has been in contact with the Northern Territory Government and communications have demonstrated good progress in achieving governmental approval for the entry of Peak Helium into the joint ventures for EPs 82, 112 and [...]
Central Petroleum Ltd. refers to its announcements regarding the Peak Helium farmout transaction. The conditions precedent satisfaction date for the Peak Helium farmout is currently 31 January 2023. Peak Helium advises that it has been progressing various approvals with the Northern Territory Government in order to facilitate completion of the remaining conditions precedent. Peak Helium have requested an extension to 28 [...]
Central Petroleum Ltd. Quarterly Activities Report and review of operations for the quarter ended 31 December 2022. Highlights: - Palm Valley drilling success: The Palm Valley 12 P1 lateral well was successfully completed, tied-in to the Palm Valley processing facilities and flowing gas to market at greater than 10 TJ/day from late November. - New gas sales agreement: A new gas sales agreement for the sale of 0.55 PJ of [...]
Central Petroleum Ltd. today announces a new GSA has been executed with South32 for 0.55 PJs of gas supply over two years, commencing 1 January 2023. The GSA is for firm gas supply to Mt Isa, with take-or-pay provisions and a price that escalates with the consumer price index. The GSA commercialises a portion of existing uncontracted production. Highlights - Central Petroleum Ltd. , through a wholly owned subsidiary, has [...]
Central Petroleum Ltd. refers to its announcements regarding the Peak Helium farmout transaction. The conditions precedent satisfaction date for the Peak Helium farmout is currently 30 November 2022. Following Peak Helium's advice that the assessment of stamp duty has been completed, it has been progressing various approvals with the Northern Territory Government in order to facilitate completion of the remaining [...]
Central Petroleum Ltd. advises that it has entered into an agreement with Macquarie Bank Limited for the expansion of its existing debt facility for up to $12 million to fund increased production across its Amadeus Basin gas projects. Funding from the expanded facility will be available for Central's share of up to six well recompletions and two new development wells at the Mereenie field to be completed next year with [...]
To our Shareholders, since I last spoke to you at Central Petroleum Ltd.'s AGM last year, we have seen the emergence of energy security and affordability as critical issues for governments, businesses and individuals alike. The rush towards renewable energy has exposed vulnerabilities in the market's ability to reliably meet demand for electricity and, despite commentary from all manner of supposed experts, the fact is [...]
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