Central Petroleum Ltd.

Central Petroleum today announced it has agreed to acquire a 50% interest in the Mereenie Oil & Gas Field from Santos and assume Operatorship of the field in the Northern Territory's Amadeus Basin. The move will significantly increase Central's operations and enable Central and Santos to maximise the amount of gas available for the proposed Northern Territory-East Coast gas pipeline (referred to as NEGI). The acquisition [...]

Central Petroleum announce the Quarterly Activities Report including the managing director's report to shareholders. HIGHLIGHTS - Received Consent to Operate Dingo Gas Field including pipeline and plant; - Dingo Development finished on time and under budget; - North East Gas Interconnector ("NEGI") shortlist down to four contenders with increasingproject confidence; - Approvals being sought from Central Land Council and [...]

In his address to shareholders at the last Annual General Meeting the Chairman of Central Petroleum, foreshadowed his intention to stand down as Chairman around the end of this financial year. The Board of Directors has accepted the Nominations Committee's recommendation that Mr Robert Hubbard be appointed the Deputy Chairman of the Company as part of the Board's succession planning. The Board of Directors has also [...]

Brisbane, Australia (ABN Newswire) - The Managing Director of Central Petroleum Ltd. (ASX:CTP) ("Company" or "Central"), Mr Richard Cottee said the Company welcomed media reports today that the North East Gas Interconnector ("NEGI") was "almost certain" to be built according to the Northern Territory's Chief Minister Adam Giles. The report in The Australian newspaper said a short list of candidates would submit final [...]

Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. (ASX:CTP) (OTCMKTS:CPTLF) ("Company" or "Central") today announced the Dingo Gas Project pipeline and plant has been successfully commissioned and the necessary regulatory approvals to operate being obtained.The Project was completed ahead of schedule and 10% below budget which also satisfies the Company's requirements to have a physical connection to the [...]

The last half year has been an exciting period for Central Petroleum in which the strategy of becoming a major domestic gas producer quarantined from oil price fluctuation made substantive progress. This strategy recognises that the key to achieving actual value for the 88% of its acreage (23,703,376.1 acres) that is gas prone is to create a pathway to the gas market.The strategy uses as its precedence the enormous value [...]

Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. (ASX:CTP) (OTCMKTS:CPTLF) today announced the pressure testing (hydro-testing) of the Dingo Pipeline and the plant and field gathering system has been successfully completed.The pipeline will now be filled with natural gas and pressured up. This marks the completion of the mechanical portion of the project with electrical and instrumentation near [...]

Brisbane, Australia (ABN Newswire) - Central Petroleum Ltd. (ASX:CTP) (OTCMKTS:CPTLF) ("Company" or "Central") today announced the construction of the Dingo Pipeline has been completed and will now begin a program of hydro-testing which could take up to two weeks. Once the hydro-testing has been completed and all necessary approvals to operate the pipeline have been received then commissioning can commence.On present [...]

Central Petroleum today announced agreement with Power and Water Corp (PWC) for the early sale of gas under a Gas Sale and Purchase Agreement executed in September 2012. Under the new arrangement, Central will immediately begin selling approximately 2TJ/day of gas from its Palm Valley Gas Field in advance of the commencement of the Dingo Gas Field which remains on schedule and under budget, with completion to be in Q2 [...]

With the recent drop in oil price, Central Petroleum strategic move to become a focussed domestic gas producer proved prescient. In February 2014 the Company announced the acquisition of the Palm Valley and Dingo fields.HIGHLIGHTS- COAG endorses Northern Territory Gas Interconnect Process (NEGI) and 14 companies express interest;- Central Petroleum enters into Framework Agreement with Incitec Pivot to supply up to 15PJ [...]