Central Petroleum Ltd.

Central Petroleum has agreed to place 20 million shares at $0.30 per share with institutional investors in Australia and Hong Kong raising $6 million. The $0.30 issue price represents a 1.7% discount to the 10-day VWAP.The proceeds from the Placement in conjunction with existing cash reserves will ensure the Company has the capital required to fund its gas exploration programme and normal Company expenses."This capital [...]

Central Petroleum, advises that drilling of Gaudi-1 commenced on Sunday 14th of September 2014.Currently the rig is drilling ahead with 12 1/4" Top hole at a measured depth of below 400m.Gaudi-1 is the second well in a program of unconventional gas exploration wells operated by Central (via subsidiary Merlin Energy Pty Ltd in partnership with Total) and is being drilled using Enerdrill Rig 2.The primary objective is the [...]

Central Petroleum reports that Santos as operator of the Southern Amadeus Joint Venture advises that wireline logging in the Mt Kitty EP 125 exploration well has been successfully completed.Sidewall cores confirmed that the Heavitree Quartzite is absent in the well and that the previously reported gas flows were from granitic basement. Raw formation image logs indicate that basement is extensively fractured. This is [...]

Central Petroleum Latest Company Presentation at the RIU Good Oil Conference, 9 September 2014 Central Poised for Growth - Future in the Pipeline RIU Good Oil Conference - Perth Tuesday, 9th September 2014 To view the conference presentation, please visit: About Central Petroleum Limited:Central Petroleum Ltd. (ASX:CTP) (OTCMKTS:CPTLY) is an ASX listed junior exploration and production company operating the largest [...]

Central Petroleum provides a market update in relation to the Mt Kitty, Southern Georgina Joint Venture and NW Mereenie projects. Mt KittySantos as operator of the Southern Amadeus joint Venture advises that wireline logging at Mt Kitty will commence tomorrow. Central is pleased that the MT Kitty discovery will be further evaluated during this operation.Southern Georgina Joint VentureIn order to ensure that the 2 well [...]

Central Petroleum Ltd. has been advised by Santos, the Operator of Amadeus Basin permit EP 125, that it plans to commence re-entry works to complete the evaluation (including logging) of the Mt Kitty 1 exploration well and plug and suspend the well to enable future use of the wellbore.

Central Petroleum announces that Mr Joseph Morfea has been appointed Joint Company Secretary effective 27 August 2014.As announced on 14 August 2014, Mr Morfea replaces Mr Bruce Elsholz, who stepped down as Joint Company Secretary ahead of Mr Elsholz's retirement on 30 November 2014, allowing a smooth transition prior to the Annual General Meeting.Mr Morfea also holds the position of Commercial Manager working [...]

Central Petroleum, advises that drilling of Whiteley-1 continues.Intermediate 8 1/2" Hole section was electronically logged and the 7" Intermediate casing run and set at a measured depth of 988m. As at 12:00 Hrs on 19 August 2014 the 6 1/8" Open hole measured depth is 1141m. Fluid losses were encountered in the 6 1/8" open hole section. A high viscosity lost circulation plug has been set across selected zones to cure the [...]

Central Petroleum provides the Latest Company Presentation. A short overview is produced below. Overview- Australia's domestic gas market facing supply shortfall in next 5 years- Golden opportunity for N.T. to be a 'key' supplier of domestic and east coast markets- Comparable to QLD's gas exploration boom displacing the PNG pipeline- Aggregated gas supplies include 'Gove provision' and [...]

Central Petroleum announces that Mr Bruce Elsholz, Chief Financial Officer and Joint Company Secretary, has advised the Company of his decision to retire on 30th November of this year. As a result of his decision the Company has decided to appoint Leon Devaney as Chief Financial Officer effective from the 1 st November 2014 after finalization of the 2004 Annual Report.Leon's present duties will be transferred to the [...]