Central Petroleum Ltd. today announced the appointment of Damian Galvin as Chief Financial Officer, effective 12 August 2019 . Damian brings over 15 years of extensive gas sector experience including as Chief Financial Officer of coal seam gas pioneers Queensland Gas Company Ltd. and WestSide Corporation Limited during their transition from junior explorers to significant gas producers. Damian will play a key role as the [...]
Central Petroleum Ltd. provides the Company's Quarterly Review for March 2019. Delivering on our gas strategy - 2 Significant gas related farm-outs in 2012 - Acquired 3 producing gas fields in 2014/15 at pre-Northern Gas Pipeline prices - Delivered the Gas Acceleration Program : o largest project undertaken by Central o delivered plant capacity increase on time and within available funding - NGP now complete and [...]
Central Petroleum Ltd. announces that a webinar presentation will be delivered by the Chief Executive Officer and Managing Director, Mr Leon Devaney, on Tuesday, 14 May 2019 commencing at 10:00am AEST to discuss the Quarterly Report for the quarter ended 31 March 2019. Participants wishing to join this webinar online will need to register using the following link: http://www.abnnewswire.net/lnk/2C7X21M4 About Central [...]
Central Petroleum Ltd. provides the Company's Quarterly Activities Report. HIGHLIGHTS - The Dukas-1 exploration well progressed during the quarter, with spudding on 16 April 2019 and total depth anticipated by mid-CY2019. - The Mereenie field successfully operated at significantly elevated production levels following a facility upgrade, enabling the Company to meet all firm sales obligations. - Total sales volume over the [...]
Central Petroleum Ltd. advises that the Operator of EP112 Joint Operations has notified that the Dukas-1 well spudded today at 7.45am AEST. Central is being free carried for all costs associated with the Dukas-1 well, including mobilisation, drilling, testing and completion as part of the farm-in obligation from Santos QNT Pty Ltd to EP112, Northern Territory. Ensign Australia Pty Ltd is drilling the well using Ensign 965 [...]
Central Petroleum Ltd. today announced that it has received approval from the Northern Territory Department of Primary Industry and Resources for the suspension of Year 1 permit commitments for 12 months to March 2020 for RL3 and RL4. RL3 and RL4 are located ~50 km southeast of Alice Springs in the Northern Territory and cover the Ooraminna Anticline . Currently Central is developing the drilling Environmental Management [...]
Central Petroleum Ltd. provides the Company's latest presentation. In summary - Only oil and gas company with exploration and production in the NT - Unique position to take advantage of the NGP and an attractive east coast gas market - Significant increase in gas sales from existing assets generating free cash flow - Opportunity through low cost conventional production and brownfield economics - Solid financial position [...]
Central Petroleum Ltd. has begun defining its next phase of growth following the commencement of the Northern Gas Pipeline in January. This new link to east coast gas markets is the catalyst for exciting transformational change for the Company's financial performance. Consistent with our strategic direction for the second half of the 2019 financial year, proving Central can generate enough free cash flow from operations [...]
Central Petroleum Ltd. provides the Company's Chief Executive Officer's letter to shareholders. Dear Shareholders, As many of you would know I accepted the role of Managing Director and Chief Executive Officer of Central Petroleum Ltd. last week. I feel very privileged to be given the opportunity to lead a company that now has solid foundations for success and a team of high-performing people. As shareholders in Central [...]
Central Petroleum Ltd. is pleased to announce the appointment of Mr Leon Devaney as the Company's Chief Executive Officer and Managing Director effective 21 February 2019. Mr Devaney has served as Acting Chief Executive Officer since 31 July 2018 and has, during this period, overseen a number of transformational milestones for Central leading up to the commencement of the NGP on 3 January 2019. The appointment of Mr [...]
Central Petroleum Ltd. provides the Company's Interim Financial Report for the half-year ended 31 December 2018. Highlights for the half-year reporting period and up to the date of this report - Operating revenue increased by 13.3% over the previous corresponding period from $17.7 million to $20.0 million. - Gas sales volumes increased 14.8% over the previous corresponding period, reflecting gas sold under a short term [...]
Central Petroleum Ltd. provides the Company's Quarterly Activities Report for the Quarter ended 31 December 2018. HIGHLIGHTS - Cash balance at the end of the quarter was $10.9 million and combined with undrawn debtfacility remains sufficient to fund remaining costs associated with completion of the GasAcceleration Programme . - Palm Valley 13 successfully drilled to 2,242 metres Measured Depth encounteringencouraging [...]