Central Petroleum advises that the Entitlement Offer Information Booklet and personalised Entitlement & Acceptance Form relating to its non-renounceable pro-rata entitlement offer announced on 10 August 2017 will be despatched to eligible shareholders today. Eligible shareholders who have elected to receive notifications electronically will be issued the Entitlement Offer Information Booklet by email to the address noted [...]
Central Petroleum is pleased to offer eligible shareholders the opportunity to participate in a 5 for 12 fully underwritten, traditional non-renounceable entitlement offer of new fully paid ordinary shares in Central (New Shares) at an issue price of $0.10 per New Share, that will raise approximately $18.0 million before costs (Entitlement Offer). The proceeds of the Entitlement Offer, along with the institutional [...]
Central Petroleum announced an institutional placement and a 5 for 12 non-renounceable pro-rata entitlement offer to raise approximately $27.2 million before costs. In accordance with the timetable for the Entitlement Offer, Central confirms that the attached letters to eligible and ineligible shareholders will be despatched today. To view Notices to Eligible and Ineligible Shareholders, please visit [...]
Central Petroleum is pleased to announce the successful completion of a placement to institutional and sophisticated investors to raise approximately A$9.2 million; and that it is to undertake a 5 for 12 traditional non-renounceable entitlement offer to raise approximately A$18.0 million (Entitlement Offer). Together the Placement and Entitlement Offer will raise approximately A$27.2 million before expenses (Equity [...]
The amendments to the National Gas Rules arising out of the Gas Market Reform Group recommendation with respect to non-scheme pipelines has now passed through the legislative processes and commenced operations on 1 August 2017 as part of the Council of Australian Governments Energy Council process. These recommendations were the result of COAG's adoption of the Vertigan Report on 14 December 2016. By letter, dated 14 [...]
Central Petroleum provides the Company's latest Quarterly Results Review Presentation. OPERATIONAL UPDATE Central's Gas Acceleration Programme is 'drill-ready' to close the GAP in gas supply through NGP in 2018. Consideration: Stairway Testing programme Update: - Continued through 2017: o West Mereenie 15 free flowing gas from Stairway at sustainable rates with a low nitrogen content of 2.6% o Palm Valley natural [...]
Central Petroleum provides the Company's Quarterly Activities Report for the Quarter ended 30 June 2017. HIGHLIGHTS - On 26 April 2017 Central announced the signing of a Gas Supply Agreement with EDL NGD (NT)Pty Ltd ("EDL") to supply 9.85PJ of gas over five years to the Northern Territory Pine Creek PowerStation operated by EDL. - Delivery of gas to Pine Creek under the EDL GSA commenced on 1 June 2017. - A Scheme [...]
Central Petroleum provides the Company's latest Chairman's Address to Shareholders at the Scheme Meeting. Collectively 26.5% of shareholders representing 64.1% of shares on issue participated in the vote. This is an outstanding turnout. I remind shareholders that for the Scheme Resolution to pass more than 50% of shareholders and 75% of shares voting and eligible to vote must vote in favour. The results of the [...]
Central Petroleum announces that the Gas Supply Agreement with EDL NGD (NT) Pty Ltd for the delivery of 9.85PJ of gas over five years described in the 26 April 2017 ASX Announcement has become unconditional. The start date for gas supply is anticipated to be 1 June 2017.
Central Petroleum invites all shareholders to attend any of the following information sessions where the Company will explain the proposal outlined in the Information Booklet and respond to shareholder questions. LOCATION: BRISBANE VENUE: Christie Conference Centre ADDRESS: Morgan Room, Level 1, 320 Adelaide DATE: 12 May TIME: 10:00 am*(see note below) LOCATION: PERTH VENUE: Parmelia Hilton Perth ADDRESS: Freemantle [...]
Central Petroleum has signed a Gas Transportation Agreement with APA Group for an initial 12 months to transport the gas under the EDL Contract that was fully executed and delivered to Central on 25 April 2017 and announced on the next trading day, being 26 April 2017. The EDL Contract is conditional upon EDL satisfying the remaining conditions precedent by 31 May 2017. When and if the EDL Contract becomes unconditional [...]
Central Petroleum joint venture partner, Santos QNT Pty, has exercised its option to acquire a 50% participating interest in and be appointed operator of EP(A)111 and EP(A)124. Santos' option to acquire this interest was granted as part of Central's acquisition of a 50% interest in the Mereenie Oil & Gas Field announced to the ASX on 4 June 2015. The EP(A)s are located in the Southern Amadeus Basin and adjacent to [...]
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