Central Petroleum Ltd.

Central Petroleum Ltd. provide the Quarterly Activities Report & Appendix 5B. HIGHLIGHTS - Sales volumes were 4.0 PJE, including the sale of purchased gas of 0.2PJ . - Net cash flow from operations, after exploration, interest and unallocated G&A, was $8.4 millionwith a cash balance at the end of the quarter of $17.8 million . - Principal repayments under debt facilities were $7.25M with Macquarie pre-sale gas [...]

Central Petroleum Ltd. provides the following update in relation to drilling operations on Project Range and Dukas 1. PROJECT RANGE - RANGE 3 SPUDS & RANGE 5 RESULTS The drilling programme in respect of Project Range, a 50:50 Joint Venture with a wholly owned subsidiary of Incitec Pivot Limited in ATP 2031, continues to progress well. Range 3, the third well in the Project Range exploration programme, spudded at 8:00pm [...]

Central Petroleum Ltd. provides the following update in relation to drilling operations on Project Range and Dukas 1. PROJECT RANGE - RANGE 5 SPUDS & RANGE 4 RESULTS The drilling programme in respect of Project Range, a 50:50 Joint Venture with a wholly owned subsidiary of Incitec Pivot Limited in ATP 2031, is progressing well. Range 5, the second well in the Project Range exploration programme, spudded yesterday at [...]

Central Petroleum Ltd. as Joint Venture and non-operated partner of EP112 in the Northern Territory, announces that the Dukas 1 exploration well has drilled to 3,515m measured depth in the Gillen Formation. A suite of wireline logs are currently being run with an 8-5/8" intermediate casing liner to be set and cemented once the logging runs are completed. Forward plan will be to drill out the shoe track and perform a leak [...]

Central Petroleum Ltd. advises that Range-4, the first well in the Project Range exploration programme, spudded 30 June 2019 at 15:00 hrs AEST. This demonstrates Central's ability to rapidly progress exploration in this tenure, and also delivers on Central's objective of commencing the Range drilling programme in the June quarter. Project Range is a 50:50 Joint Venture with a wholly owned subsidiary of Incitec Pivot [...]

Central Petroleum Ltd. announces the appointment of Dr Julian Fowles as a Non-Executive director, effective 28 June 2019. Dr Fowles is a petroleum industry professional with over 30 years in international leadership roles, including 17 years with Shell International, as well as positions with other major listed companies. Dr Fowles comes with extensive board, shareholder and analyst engagement experience. Most recently Dr [...]

Central Petroleum Ltd. provides the following update in relation to drilling operations on Project Range and Dukas 1. PROJECT RANGE - DRILLING CONTRACT EXECUTED Project Range is a 50:50 Joint Venture with a wholly owned subsidiary of Incitec Pivot Limited in ATP 2031 in which Incitec will contribute up to $20 million of the exploration and appraisal costs. ATP 2031 is a 77 km2 permit located in the Surat Basin that was [...]

Central Petroleum Ltd. advises that it has completed a review of the Palm Valley field performance. Since restarting production, the existing Palm Valley wells have underperformed relative to pre-start expectations. Consequently, a comprehensive and independent reservoir modelling study was commissioned to update the life-of-field production forecasts. This has resulted in revised estimates for the field Reserves and [...]

Central Petroleum Ltd. , as Joint Venture and non-operated partner of EP112 in the Northern Territory, announces that the Dukas 1 exploration well has drilled to 2604m measured depth in the Gillen Formation and 10-3/4" surface casing has been cemented in place. Low background gas levels observed while drilling through the Gillen Formation could be an indication of the efficacy of the salt as a regional seal. Forward plan [...]

Central Petroleum Ltd. advises that the Palm Valley 13 well has been ramped up to 6.3 TJ/d, and the Palm Valley field is now delivering 12.4 TJ/d of sales gas. The well is currently limited at this rate by the nameplate capacity of the wellhead skid which was redeployed from the PV1 well after it failed to restart. Reusing the PV1 skid enabled an accelerated online date whilst matching expected flowrates and minimising [...]