Central Petroleum Ltd.

Central Petroleum Ltd. advises that Range-9, the second of two step-out pilot wells at Range, spudded on 16 February 2022 at 1730 hrs EST. The Range-9 well has a target depth of 700m below rotary table and will be completed across the three seams of the Walloons Coal Measures. Range-10, the first well in the Range step-out pilot well drilling programme, has been successfully drilled, cased and suspended with a slotted [...]

Central Petroleum Ltd. advises it has entered into a farmout of various interests in certain Amadeus Basin exploration tenements to Peak Helium Pty Ltd . Under the farmout, Central is free carried by Peak for two new sub-salt exploration wells, one at Mt Kitty and the other at either Magee or the nearby Mahler prospect. Combined with the planned Dukas exploration well, a total of three sub-salt exploration wells will now [...]

Central Petroleum Ltd. advises that Range-10, the first of two step-out pilot wells, spudded on 5 February 2022 at 1700 EST. The Range-10 well has a target depth of 630m below rotary table and will be completed across the three seams of the Walloons Coal Measures and tested over several months to confirm water and gas flow rates. The two step-out pilot wells, Range 9 and 10, are intended to demonstrate coal properties [...]

Central Petroleum Ltd. provides the review of operations for the quarter ended 31 December 2021. Highlights - Asset sale - On 1 October Central completed the sale of 50% of its interests in the Mereenie, Palm Valley and Dingo fields to New Zealand Oil & Gas Limited and Cue Energy Resources Limited for consideration valued at circa $85 million. A book profit of circa $36 million is expected and the proceeds, including [...]

Central Petroleum Ltd. provides the following drilling update. NORTHERN TERRITORY EXPLORATION DRILLING As previously advised, Central has contracted Ensign Rig 963 for the Palm Valley and Dingo exploration drilling program in the Amadeus Basin. The rig was expected to mobilise to Palm Valley from its current drilling program in the Canning Basin in late January. Ensign has now advised Central that as a result of recent [...]

Central Petroleum Ltd. provides the following activity update. HIGHLIGHTS - Central has contracted Ensign Rig 963 to drill the Palm Valley Deep and Dingo 5 exploration wells in the Amadeus Basin. - Field work to acquire a 30km seismic test line over the Zevon East lead is pending resolution of necessary NT Government cultural heritage clearances. - Silver City Rig 23 has been contracted to drill the two Range Pilot step [...]

Central Petroleum Ltd. , through a wholly owned subsidiary, has executed a new gas supply agreement for supply of up to 3.15 Petajoules of gas to the Northern Territory's Power and Water Corporation via a back-to-back GSA with Macquarie Mereenie Pty Limited . Central's gas will be aggregated with existing Mereenie gas supply owned by MM, NZOG Mereenie Pty Ltd and Cue Mereenie Pty Ltd , to supply a total of 12.6 PJs to [...]

Good morning Shareholders and guests, it is a pleasure to address you today for my first Annual General Meeting as Chair of Central Petroleum Ltd.. When we last met at last year's AGM, we were regaining momentum following the market disruptions of 2020 and were working to set the foundations for the implementation of a series of important growth initiatives. I am pleased to report that we have made good progress on these [...]

Central Petroleum Ltd. provide the review of operations for the quarter ended 30 September, 2021. Cash balance at the end of the September quarter was $23.8 million, compared to the $37.2 million balance at 30 June 2021, reflecting: - $7.8 million of capital expenditure, being primarily the costs of the Mereenie Development Program, which includes four well recompletions and drilling of two new production wells. - Ongoing [...]

Central Petroleum Ltd. provides the following update on Central's exploration permits in the Amadeus Basin. Farmout Discussions - Central is in discussions with Peak Helium Pty Ltd for a farmout covering a portion of Central's interest in certain Amadeus Basin exploration permits, including EP112 . - Any farmout to Peak Helium would retain Santos as Operator and be subject to customary conditions precedent such as joint [...]