Central Petroleum Ltd.

Central Petroleum is an oil and gas explorer and producer with technical expertise over the on-shore basins of Central Australia. Central's Core Objectives: - Continue to develop technical excellence in Central Australia's oil and gas basins - Create markets to unlock Central Australia's vast on-shore energy potential - Making a positive difference in the communities where we operate Central at a Glance. Central's [...]

Brisbane, Australia (ABN Newswire) - The COAG proposed review of National Gas Market regulation will be critical to reducing transport costs and ensuring a competitive gas supply ahead of the predicted east coast gas shortage from 2018. Central Petroleum Ltd. (ASX:CTP) (OTCMKTS:CPTLF) ("Company" or "Central") Managing Director, Richard Cottee, said Central Petroleum has significant supplies of gas already available to [...]

Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. (ASX:CTP) (OTCMKTS:CPTLF) announce the Quarterly Activities Report for the period ending June 2016 with significant highlights. HIGHLIGHTS - The recommendations outlined in the ACCC Inquiry into the East Coast Gas Market (reported in the last Quarterly Report) are being taken to the Council of Australian Governments ("COAG") by the Federal Minister for Energy [...]

Central Petroleum are pleased to provide the latest Company presentation, 'Developing the Northern Territory, Serving Australia's Gas Needs'. Central at a Glance Central Petroleum Ltd. ("Central") is an oil and gas explorer and producer with technical expertise over the on-shore basins of Central Australia. Central's Core Objectives: - Continue to develop technical excellence in Central Australia's oil and gas basins [...]

Central Petroleum announces, effective today, Mr J Thomas Wilson has resigned as a director of Central. Mr Wilson was appointed as a director of Central in March 2014 as a condition of Central's acquisition of the Palm Valley and Dingo gas fields from Magellan Petroleum Australia. The acquisition was the first step in Central's implementation of its gas strategy. In these critical early stages Tom contributed significant [...]

Central Petroleum 30 day production testing of the Stairway Sandstone at Mereenie (operated by Central Petroleum in a joint venture with Santos) free flowed at an average of 1.5 million cubic feet per day. The 30 day production testing at the previously drilled West Mereenie-15 (WM15) finished on 22 June 2016. The test recorded low nitrogen content of 2.6%; well below the East Coast gas specification. These results are [...]

Central Petroleum today announced that the final payment of $10 million for Central's 50 percent interest in the Mereenie Oil and Gas Field was made to Santos. Central is the Operator of the Mereenie Oil and Gas Field as well as the Operator of the Palm Valley and Dingo Gas Fields in which it has 100 percent ownership. All three fields are located in the Amadeus Basin in the Northern Territory and have significant gas [...]

Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. ("Central") (ASX:CTP) (OTCMKTS:CPTLF) today signed a "Gas Sales and Prepayment Agreement" ("GSPA") with Macquarie Bank Limited ("MBL"). - Gas Sales Agreement signed for 5.2PJs of pre-paid gas supplied over 3 years, with up to an additional 3.5PJ of additional gas sales possible over 2 subsequent years - Central receives immediate payment for the pre-paid gas [...]

Central Petroleum are pleased to provide the Company's Quarterly Activities Report for March 2016. Highlights: - ACCC Report corroborates Central's gas strategy. - During the reporting period the Mereenie Field Development program was optimised to maximize reserve upgrades and reduce costs. The savings realized through these efficiency gains will be used to further develop our knowledge of the Stairway and P4 [...]

Since the beginning of 2014, Central Petroleum has embarked on a strategy to capitalise on the rising domestic gas price in the eastern seaboard as a safe harbour from the then anticipated fall in crude price. An essential part of that strategy was to do everything possible to ensure that our Northern Territory gas fields were physically connected to the markets where the shortage was predicted. The basis of this strategy [...]