Central Petroleum Ltd.

Central Petroleum present the company's latest Company Presentation including recent achievements, and immediate expectations for the near term production. Following is an excerpt from the presentation. Oil and Gas Production Overview- From March 2014, CTP will be producing oil and gas from 2 separate fields and developing a 3rd field within the Amadeus Basin- Palm Valley and Dingo gas fields: 3.3PJ/year of gas sold [...]

Following the completion of the acquisition of the Palm Valley and Dingo gas fields from Magellan yesterday, Central Petroleum provides the following update on our other properties.Surprise WestThe first 7 days of production at Surprise West was 3,668bbls or 524bopd average. Whilst the down hole pump has been successfully installed it will not contribute to the production rate until the average approaches 450bopd.Further [...]

Perth, Australia (ABN Newswire) - Central Petroleum Ltd. (ASX:CTP) (OTCMKTS:CPTLF) ("Company" or "Central") has completed the purchase of the material onshore assets of Magellan Petroleum Australia ("Magellan") consisting primarily of the Palm Valley and Dingo fields near Alice Springs.Central Petroleum Managing Director, Richard Cottee said, "With acreage holdings entirely surrounding the Palm Valley and Dingo gas [...]

An Extraordinary General Meeting (EGM) is scheduled for 11 April 2014 at which time the Board and Management of Central Petroleum are seeking shareholder approval for 4 resolutions. The Notice of Meeting sent out to all shareholders last week provides a full disclosure for each of these.Since then I have received a number of queries about Resolution 4 - Financial Assistance For Magellan Asset Acquisition, and feel all [...]

Central Petroleum has been advised by Santos, as the Operator of EP125 (Northern Territory), that the Ensign 918 rig has mobilised and is anticipated to recommence drilling operations at the Mt Kitty-1 well location in the Amadeus Basin on around 24 March 2014. As previously advised to the market the top hole of this exploration well was drilled with a shallow capacity rig to a depth of around 785m KB. Planned total depth [...]

Central Petroleum advises that the Surprise West-1 well has commenced production. The initial flow rates from Surprise West-1 have exceeded expectation, producing around 675 barrels of oil (flush production, not on pump) in an initial 24 hour period.This initial 24-hour flush production is very encouraging, flowing at a rate of around 70% higher than the maximum flow rate achieved during the extended production test.A [...]

Last month Central Petroleum executed a strategic transaction to acquire Magellan Petroleum's onshore Australian assets, and secure a funding facility to complete and develop most of the Dingo gas field in the Amadeus Basin near Alice Springs. Add in the $300m being spent exploring the Santos and Total farm-out projects and it becomes clear that in the 18 months since CEO Richard Cottee took the helm the Company has [...]

The Directors of Central Petroleum present their report on the consolidated entity consisting of Central Petroleum and the entities it controlled at the end of, or during, the half year ended 31 December 2013.Principal Activity The principal continuing activity of the consolidated entity ("the Group") during the period was the exploration and development for hydrocarbons.Highlights for the half year reporting period and [...]

Central Petroleum advises that it has been granted a waiver from ASX listing rule 6.24 to the extent necessary to permit the Company not to send the notice required by paragraph 6.1 of Appendix 6A in relation to the 60,571,728 quoted options exercisable at $0.80 (80 cents) each, expiring 5pm (WST) on 31 March 2014 (ASX:CTPO).Accordingly, option expiry notices will not be sent by the Company to quoted option holders.In [...]

Central Petroleum advises that in a handover ceremony at Parliament House this morning, the Honourable Willem Westra Van Holthe MLA signed Production Licence #6 granting Central Petroleum its Production Licence required for the Surprise Oil Field Development. This is the first Production Licence granted in onshore Northern Territory since the passing of the Native Title Act 1993."This is an important milestone not only [...]