Central Petroleum Ltd.

Central Petroleum Ltd. successfully secured new long-term gas sale agreements which will provide higher, more reliable cash flows for Central, reflecting tighter gas supplies in the Northern Territory and deliveries that will not be affected by Northern Gas Pipeline interruptions, should they occur. The new contracts include: - Firm base supply of up to 12.0 PJ of gas to the Northern Territory Government commencing 1 [...]

Central Petroleum Ltd. has secured a commitment from Macquarie Bank Limited to extend and restructure the loan facility which was originally used to finance the acquisition of its interests in the Mereenie, Palm Valley and Dingo operating assets, subject to agreement of final documentation. Key features of the upgraded facility - Provides for full refinance of the existing $22.3m loan which requires refinancing by 30 [...]

Central Petroleum Ltd. will hold an online presentation on Tuesday 1 October 2024 commencing at 10.00 am AEST. Managing Director & Chief Executive Officer, Mr Leon Devaney, and CFO, Damian Galvin, will cover Central's FY2024 results and provide an update on recent activities. Attendees will be provided an opportunity to submit questions for a Q&A session to occur at the completion of the presentation. Participants wishing [...]

Central Petroleum Ltd. today reports a statutory net profit after tax of $12.4 million for the financial year ended 30 June 2024, including a $13.8 million profit on the sale of its interest in the Range gas project, compared to a loss of $8.0 million for FY2023. Underlying Earnings Before Interest, Tax, Depreciation, Amortisation and Exploration for the year to 30 June 2024 was down 13% from FY2023 at $13.8 million, as [...]

Central Petroleum Ltd.'s relevant subsidiary company and its Mereenie JV partners have formally approved the drilling of two development wells at the Mereenie Oil and Gas Field in the Northern Territory. This investment decision follows the recently announced Gas Sales Agreements with the Northern Territory Government . The Mereenie development wells are expected to return field production capacity back above 30 TJ/d from [...]

Central Petroleum Ltd. will hold an online presentation on Friday 16 August 2024 commencing at 10.00 am AEST. Managing Director & Chief Executive Officer, Mr Leon Devaney, and CFO, Damian Galvin, will cover Central's June quarter results and provide an update on recent activities. Attendees will be provided an opportunity to submit questions for a Q&A session to occur at the completion of the presentation. Participants [...]

Central Petroleum Ltd. is pleased to advise that its gas sale Expression of Interest process has successfully concluded after targeting bids from across the Northern Territory and the east coast where potential gas shortfalls were forecast over the next few years. Central's objectives for the EOI process were to lock in firm gas prices under current market dynamics in order to generate higher cash flows from firm [...]

Central Petroleum Ltd. will hold an online presentation on Wednesday, 27 September 2023 commencing at 10:00am AEST. Managing Director & Chief Executive Officer, Mr Leon Devaney, and CFO, Damian Galvin, will cover Central's 2023 Annual Results and provide an update on recent activities. Attendees will be provided an opportunity to submit questions for a Q&A session to occur at the completion of the presentation [...]

Central Petroleum Ltd. today announces that its existing two year GSA with South32 has been extended for a further 12 months to include supply of an additional 0.36 PJ of gas in 2025. The GSA is for firm gas supply to Mt Isa, with take-or-pay provisions and a price that escalates with the consumer price index. Gas supplied under the GSA will be aggregated with existing Mereenie gas supply from MM, NZOG and Cue in order to [...]

Central Petroleum Ltd. refers to the announcement dated 12 September 2023 regarding the status of the Peak Helium Pty Ltd farmout. Following Peak Helium's failure to comply with statutory demands within the period for compliance, relevant Central subsidiaries as farmor parties to the Peak Helium farmout agreement have terminated the agreement in accordance with its terms. The relevant subsidiaries will now commence the [...]