Central Petroleum Ltd.

Central Petroleum Ltd. as Operator and 100% owner of Palm Valley Gas Field, announces that the Palm Valley 13 well has reached 1,845 metres Measured Depth , and a 7" liner has been run and cemented in place with full cement returns. The tie back liner and downhole deployment valve with control lines were then successfully installed. Current operations are to drill out the shoe track and drill 3m of new hole for formation [...]

Central Petroleum Ltd. provides the Company's Annual Report to shareholders. Operating Highlights The Company's focus and achievements for the year were as follows: - A 46% increase in gas sales volumes and a 41% increase in total sales revenue. - Cash flow from operations of $5.2 million compared to a $0.2 million outflow in the prior year. - An equity raising was successfully completed in September 2017 to support the [...]

Central Petroleum Ltd. provides the Company's latest presentation at RIU Good Oil Conference. Our Company - ASX Listed with a current market cap. circa $75 million - Focus on onshore gas E&P in central and eastern Australia - Operator of the only producing onshore oil and gas fields in the Northern Territory and our operating fields generate strong positive operating cashflows - Current reserves [...]

Central Petroleum Ltd. , as Operator and 100% owner of Palm Valley Gas Field, announces that the Palm Valley 13 well , as of 07:36 hours , today reached 1,119 metres MD , 9 5/8" casing run and cemented in place with full cement returns to surface. PV13 is targeting a total depth of 3,471 metres MD with a vertical depth of 2,100 metres TVD and a near horizontal reservoir section of up to 1,570 metres MD. About Central [...]

Central Petroleum Ltd. announces that its wholly-owned subsidiary Central Petroleum Eastern Pty Ltd has been formally granted an Authority to Prospect for the prospective Queensland Surat Basin coal seam gas acreage , covering 77km2 approximately 28km north-west of the town of Miles . Central was announced as preferred bidder for the Queensland Acreage on 1 March this year and on 25 June agreed a 50:50 joint venture [...]

Central Petroleum Ltd. , as Operator and 100% owner of Palm Valley Gas Field, announces that the Palm Valley 13 well spudded today at 4pm AEST. Ensign Australia Pty Ltd is drilling the well using its Ensign 932 Drilling Rig. The well aims to access the known gas in the Pacoota P1 sandstone, by intersecting the P1 target at a high angle to increase the chances of connecting to naturally occurring fractures. The PV13 [...]

Central Petroleum announces that Mr Richard Cottee will cease employment with the company on the 31st of January 2019. The Company has appointed a respected long term colleague of Mr Cottee, its current Chief Financial Officer, Mr Leon Devaney, as acting Chief Executive Officer . "Richard's passionate contribution to, and in particular his vision for, the Company have been invaluable," said Mr Martin Kriewaldt, Chairman [...]

Central Petroleum provides the Company's Operating Activities Report for the quarter ended 30 June, 2018. HIGHLIGHTS - Central and Incitec Pivot Limited entered into a Gas Sales Agreement whereby Central willdeliver at least 20 TJ/d of gas to IPL on an ex-field basis from its Palm Valley and Mereenie fields fromcommencement of commercial operations of the Northern Gas Pipeline until 31 December 2019. - Central and IPL [...]

Central Petroleum provides the Company's latest presentation at Noosa Mining & Exploration Conference. CENTRAL'S STRATEGY PHASE 1 - Northern Territory interconnected with east coast gas market via Northern Gas Pipeline -commencement scheduled for late 2018 - Pipeline reform to mitigate pipeline transportation costs -COAG pipeline reforms are currently being implemented - Upgrade of existing facilities in progress to be [...]

Central Petroleum as operator of the Mereenie Joint Venture, advises that the 6 1/8" hole of the West Mereenie 26 well was drilled horizontally from 1495 meters measured depth through to 2388 meters measured depth. This equates to a horizontal lateral length of 893 meters through the Lower Stairway 2 formation. The well was then logged and is currently being suspended and made secure. The logs will be analysed in light [...]