Central Petroleum Ltd.

Central Petroleum announced today it has entered into a non-binding heads of agreement (HOA) to supply up to 15PJ pa of gas from its conventional reservoirs in the Northern Territory to Incitec Pivot. The announcement follows the Council of Australian Governments (COAG) communique which supported the concept of connecting the Northern Territory conventional gas reserves to the Eastern Australian market.Central and IPL [...]

Central Petroleum advises that Managing Director, Richard Cottee, will be holding open shareholder briefings in the following cities on the dates stated below.Sydney - 5.00pm, Monday 17 November 2014 GPT Group - Auditorium Room, Level 51 MLC Centre, 19 Martin Place, SydneyMelbourne - 5.00pm, Wednesday 19 November 2014William Buck, Level 20, 181 William St, MelbournePerth - 5.00pm, Thursday 20 November 2014DJ Carmichael [...]

Central Petroleum, as Operator of the Southern Georgina Joint Venture, advises that Gaudi-1 has completed coring from 2105m through the Lower Arthur Creek Formation (LAC) and Thorntonia Limestone, and reached total depth of 2430m in basement. Gas shows were recorded whilst coring through the LAC. A total of 66 core segments were placed into sealed canisters for desorption analysis, from which the gas content of the LAC [...]

This quarter was one in which Central Petroleum began to harvest the hard work commenced two years ago. With record exploration dollars being spent in our acreage the Company was able to finish the quarter with essentially the same amount of cash as it began. If it weren't for the payout occasioned by the judgment in the case involving the former Managing Director, we would have achieved a positive cash accumulation [...]

Central Petroleum has undergone a very substantial transformation over the last 12 months or so. The following is a transcript of a Company Interview with Managing Director Richard Cottee. Company Interview question:Can you explain what you have achieved? Managing Director, Richard CotteeA lot has been achieved in the last 12 months. Primarily we have gone from an explorer to a producer in both oil and gas. Production at [...]

There has been significant market speculation circulating in social media about Central Petroleum and the Company is concerned this may be creating a false market. This includes assertions about the shareholdings of directors and management. The facts are that the Chairman (Andrew Whittle), the Managing Director (Richard Cottee), the Chairman of the Remuneration Committee (Rob Hubbard) and Director and Chief Operating [...]

Central Petroleum, has reached agreement with IOR Transport Pty Ltd for the domestic transportation of the crude produced at Surprise West.This new arrangement will cut the costs of transportation by over 20%. Production at Surprise has remained stable at around 180 BOPD with the last 2 weeks averaging 175.6 BOPD with a water cut of 15.6%."As all of our costs are in Australian dollars, the weakening of the Australian [...]

Central Petroleum, as Operator of the Southern Georgina Joint Venture, advises that coring at Gaudi-1 (see map in link below) continues having reached a depth of 2,157 metres in the Lower Arthur Creek Formation. There have been 8 cores taken to date representing over 10 percent of the total expected to be taken for Gaudi-1.With the Southern Georgina Joint Venture evaluating the unconventional shale gas potential of the [...]

Central Petroleum, as Operator of the Southern Georgina Joint Venture, advises that drilling of Gaudi-1 continues.As at 06:00hrs on 17 October 2014 Gaudi-1 well was cutting its first core which has now been completed. Drilling reached 2,102m on 7 October 2014 and wireline logs were run to confirm stratigraphy. After logging, intermediate casing was run and cemented in preparation for the coring operations through the [...]

Central Petroleum welcomes the recent Council of Australian Governments (COAG) announcement which states: "COAG supported the work being undertaken by the Northern Territory to establish a competitive process for the private sector to bring forward proposals for the construction and operation of a pipeline to connect the Northern and Eastern Gas Markets. COAG agreed that connecting these gas markets is the next step to [...]