Central Petroleum Ltd.

Central Petroleum has become aware of certain press speculation in which Hess is stated to be a preferred farm-in partner for the Company. Hess Corp is a large internationally recognised oil & gas company with interests onshore Australia, however, the Company currently has no preferred farmin partners.

Central Petroleum advises that it has completed an institutional placement of $11 million through the issue of 130 million new shares at 8.5 cents per share. The placement was completed at a 6% discount to the 5-day VWAP of Central's shares. The Placement is to provide the Company with additional working capital for further appraisal and/or drilling work on the Surprise prospect discovery in the Amadeus Basin and to [...]

Central Petroleum Limited advises that a short research report courtesy of Patersons Securities Limited can be found on the Company's website. To view the Patersons Research Report on Central Petroleum, please visit;

Central Petroleum has become aware of certain public statements made whereby various shareholders will be seeking to requisition the Company to call and arrange a general meeting for the replacement of three of the Company's four directors, namely, the replacement of Dr. Henry Askin, Mr. Richard Faull and Mr. William Dunmore with Mr. Peter Cockcroft, Mr. John Jetter and Mr. Colin Goodall.

Central Petroleum advises that the Kintore bypass road, to be used in connection with transport supporting the Extended Production Test is nearing completion, and planning for the commencement for the EPT itself, including storage tank lease is well advanced. Furthermore, the 3D and 2D seismic programs over the Surprise field in EP 115 and the 2D seismic over the Pellinor Reef play in EP 97 are at final design stage. It [...]

Central Petroleum is a play on the rapidly emerging hydrocarbons prospectivity of the central Australian sedimentary basins. Much of the region is effectively frontier territory. CTP has probably the largest contiguous 100% owned acreage position in any developed country, with a substantial potential oil and gas and coal resource base. Importantly, CTP recently announced that oil was successfully flow tested at its [...]

The Directors present their report on the consolidated entity consisting of Central Petroleum Limited and the entities it controlled at the end of, or during, the half year ended 31 December 2011.

Central Petroleum Limited are pleased to provide an updated company presentation regarding the transition into production. For the Full Presentation, including charts, diagrams and pictures, please visit the following link:

Perth, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) ('Central') advises that it has agreed with Rawson Resources Limited ('Rawson') to combine all of Central's current EP 97 farmins of the Simpson, Bejah and Pellinor blocks into one farmin arrangement.

14:51 AEST Feb 18, 2012 ABN Newswire (C) 2004-2012 Asia Business News PL. All Rights Reserved. Sydney, Australia (ABN Newswire) - FINANCE VIDEO: Central Petroleum (ASX:CTP) Managing Director John Heugh and Julian Malnic discuss the Surprise Well in ...