Central Petroleum Ltd.

Central Petroleum today has executed a Gas Sales Agreement with Incitec Pivot Limited whereby Central will deliver at least 20 TJ/d of gas to IPL on an ex-field basis from its Palm Valley and Mereenie fields. The gas will be delivered from the commencement of commercial operations on the Northern Gas Pipeline till 31 December 2019. The Company is in discussions with APA Limited on upgrading the Mereenie to Amadeus Gas [...]

Central Petroleum provides the Company's latest Presentation at Credit Suisse 5th Annual Australian Energy Conference. CENTRAL'S STRATEGY PHASE 1 - Triple Gas Sales for the Northern Gas Pipeline - now in two stages due to external lateral upgrades - Get NT interconnected - achieved - Pipeline reform to mitigate tyranny of distance - substantially achieved - Upgrade existing facilities at Mereenie, Palm Valley and Dingo to [...]

Central Petroleum as operator of the Mereenie Joint Venture announces that conductors and surface casing were successfully run and cemented to a depth of 544.8 metres in the West Mereenie 26 well. At 09:00 hours today, the well reached a measured depth of 916 metres MD and is directionally drilling ahead. It has another 518 metres to go before it reaches the target Stairway Sandstone. The 6 1/8" under balanced air and [...]

As Central Petroleum enters its growth phase with the Northern Gas Pipeline becoming operational in December, the Company has significantly strengthened its management capabilities and taken the opportunity to have an orderly succession plan. The Company believes a successful Drilling Programme will open up the next phase of the Company's development and needs to start planning for that outcome. This calendar year, the [...]

Central Petroleum, as Operator of the Mereenie Joint Venture, announces that the West Mereenie 26 well spudded last night at 8:15pm AEST. The well is being drilled by Ensign Australia Pty Ltd using its Ensign 932 Drilling Rig. The well aims to access the known gas that exists in the Stairway formation which overlies the present producing zones in the Mereenie Oil & Gas Field. It is designed to take advantage of the [...]

Central Petroleum announces that a webinar presentation will be delivered by the Managing Director, Mr Richard Cottee, on Wednesday, 9 May 2018 commencing at 4:00pm AEST* to discuss the Quarterly Report for the quarter ended 31 March 2018. *Australian Eastern Standard Time Participants wishing to attend this webinar will need to register using the following link: http://www.abnnewswire.net/lnk/E0U0L18K About Central [...]

Central Petroleum provides the Company's Quarterly Activities Report. HIGHLIGHTS - On 2 February 2018 Central announced it had signed the drilling contract with Ensign Australia PtyLtd for the 2018 drilling campaign. - A webinar presentation was held by the Managing Director on 8 February 2018 to discuss theQuarterly Report for the Quarter Ended 31 December 2017. - The Financial Report for the Half-Year Ended 31 December [...]

In his address to shareholders at the last Annual General Meeting, the Chairman of Central Petroleum Robert Hubbard, foreshadowed his intention to stand down as Chairman around the end of this financial year. Since June last year, three new directors have been appointed to the Board, Dr Sarah Ryan, Martin Kriewaldt and Tim Woodall following an extensive external search. Robert has advised that he will retire from the [...]

Central Petroleum advises that the Ensign Rig is expected to be fully at the site at Mereenie by next week. The rig crew have been selected with the site preparation continuing apace. It is anticipated that West Mereenie-26 will be spudded on 20 to 21 April and the drilling will take 35 to 40 days. The $12 million Mereenie plant upgrade remains within budget and on time for being available by 1 December, the date by which [...]

Central Petroleum has undertaken a review of the maximum delivery capability of the existing Palm Valley wells to determine what production rates could be achieved without considering the Palm Valley-13 well, which will be drilled this fiscal year. That review concluded that existing Palm Valley wells could produce at a rate of 15 TJ/d for a period of two years before reverting to 5 TJ/d thereafter. The Company is in the [...]