Central Petroleum Ladvises that the first load of oil from the Surprise 1 REH ST1 well has left location en-route to market. A Crude Oil Sales Purchase Agreement has been signed under which the crude will be sold. The well is performing as expected under the EPT program protocols. The term of the initial agreement was determined by the length of the EPT, which is 3 months. A further agreement is planned should a [...]
Central Petroleum advises that all resolutions considered at the Company's General Meetings held 12.00 noon and 2.00pm on 22 June 2012 were passed with the requisite majorities by way of a poll. In accordance with Listing Rule 3.13.2 and section 251AA(2) of the Corporations Act 2001 (Cth), the Company advises details of the resolutions, direct votes and proxies received in respec
17:36 AEST June 21, 2012 ABN Newswire (C) 2004-2012 Asia Business News PL. All Rights Reserved. Perth, Australia (ABN Newswire) - Central Petroleum Ltd (ASX:CTP) ('Company') advises that Mr Andrew Whittle, Non-Executive Director, has been appointed ...
Central Petroleum advises that it has begun flowing the Surprise 1 REH ST1 well. The initial production rate will be determined by the Extended Production Test program protocols. Logistics for transport have been coordinated which will allow the first load of oil to reach market at or about the end of next week.
Central Petroleum Ltd advises that the Northern Territory Department of Resources has approved the Company's Extended Production Test to be carried out at the Surprise-1 Re-entry H ST1 well. The approval is granted for an initial 3 month period which may be extended upon a successful application being made to the DOR. This approval now concludes the required regulatory approvals for the Company to commence the EPT. A [...]
Central Petroleum attaches its latest company presentation. Included in the presentation are high level details of Richard Cottee's strategy for the Company (pages 11 to 16), the proposed Board of Directors should Mr Cottee be elected as a director (page 21) and Mr Cottee's key employment terms and incentive option package (page 36). Mr Cottee's incentive option package will be submitted for shareholder approval at a [...]
Central Petroleum advises that the Kintore bypass road, 'Kelly Highway', along with the improvements to the existing Surprise access road and Surprise location were completed 6 June 2012. There were delays in completion of work because of the extended travel time necessary to access a water bore as there was no accessible water near where the road was being built.
Central Petroleum announces that Mr Richard Cottee has been confirmed as CEO following the Company's recent Board meeting. Chairman Dr Henry Askin said Mr Cottee's appointment is effective immediately. His continuing engagement and the provision of his services, as previously detailed, are conditional upon shareholder approval of Mr Cottee as a director.
14:19 AEST May 28, 2012 ABN Newswire (C) 2004-2012 Asia Business News PL. All Rights Reserved. Perth, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) wishes to advise that it has received formal notification confirming the ...
Central Petroleum announces that Mr Richard Cottee is to be appointed as Director and CEO of the Company, subject to shareholder approval. Mr Cottee is a prominent figure in the Australian oil and gas industry having taken Queensland Gas Company from an early stage explorer to a major nonconventional gas supplier sold to BG Group for $5.7 billion. Mr Cottee is also currently non-executive Chairman of Austin Exploration [...]
Central Petroleum advises that it is currently investigating options to maximise shareholder value of its extensive early stage coal discoveries in central Australia through a separate listing of these assets. Central's extensive coal discoveries in the Pedirka Basin have the potential to be highly valuable; however, the market currently assigns little value to them. There is a supportive market sector for investors of [...]
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