Central Petroleum Ltd.

Central Petroleum Ltd. has signed an agreement with Australian Gas Infrastructure Group and Macquarie Mereenie Pty Ltd to progress towards a Final Investment Decision for the development of the Amadeus to Moomba Gas Pipeline . The AMGP is a proposed major new gas transmission pipeline that would provide direct access from the Amadeus Basin in the Northern Territory to the Moomba gas supply hub in South Australia. AMGP [...]

Central Petroleum Ltd. provide the June 2020 Quarterly Update presentation with the following key highlights for the period. - Record annual sales volumes and revenues despite challenging market conditions in 2H - Quarterly results reflect depressed market conditions, but demonstrate the value of our long-term, firm gas supply contracts - Central's business is financially resilient and positioned to ride-out market cycles [...]

Central Petroleum Ltd. announces that the June 2020 quarterly webcast presentation will be delivered on Friday, 7 August 2020 commencing at 10:00am AEST. The Chief Executive Officer and Managing Director, Mr Leon Devaney, Chief Financial Officer, Damian Galvin and General Manager - Exploration, Duncan Lockhart, will cover the Company's financial performance and activities for the quarter and provide a status update on [...]

Central Petroleum Ltd. continued its excellent safety and operating performance across its portfolio, with no MTIs or LTIs recorded and no reportable environmental incidents during the quarter. Cash balance at the end of the June quarter was $25.9 million, down slightly from $26.1 million at 31 March 2020, with: - $4.0 million net cash flow from operations ; - $1.8 million in net cash flow from operations ; and Principal [...]

Central Petroleum Ltd. is pleased to announce a 16% upgrade of Proved and Probable oil and gas reserves across its three producing fields in the Northern Territory. Key points - The upgrade means that after accounting for FY2020 production, there is an increase of 22.5 petajoules equivalent in aggregate 2P oil and gas reserves to 161.2 PJE as at 30 June 2020. - The reserve upgrade was driven by strong field performance [...]

Central Petroleum Ltd. is pleased to announce that it has reached agreement with its joint venture partner, Santos QNT Pty Ltd on the forward plan for the prospective multi-tcf Dukas prospect in EP112 in the Northern Territory's Amadeus Basin. Key points - Updated mapping incorporating results from Dukas-1 exploration indicates the structural closure appears to be in excess of 400km2, making it one of the largest-known [...]

Central Petroleum Ltd. provides the following update about the ongoing JV negotiations with Santos in relation to a forward plan for the prospective multi-tcf Dukas prospect in EP112 in the Northern Territory's Amadeus Basin. While drilling the Dukas-1 well in August 2019, mud gas samples indicated a combination of hydrocarbons and inert gases. The well was suspended at a depth of 3,704m, after encountering an [...]

Central Petroleum Ltd. is pleased to announce the appointment of Dr Agu Kantsler as a Director of the Company, effective 15 June 2020. Central's Chairman, Wrix Gasteen said, "After an extensive search for an oil and gas exploration expert, I am delighted to welcome a person of Dr Kantsler's professional calibre to the Central Petroleum board. Dr Kantsler's appointment is timely as he joins Central during an important [...]

Central Petroleum Ltd. provide the Quarterly Update Presentation. - Oil oversupply and lower energy demand following COVID-19 has generated sudden and unprecedented shocks to the energy sector - Lower quarterly revenues reflect these very depressed market conditions, but demonstrate the value of our long-term, firm gas supply contracts. - Central's business is much more financially resilient and well-placed to ride-out [...]

Central Petroleum Ltd. announces that the March 2020 quarterly webinar presentation will be delivered on Thursday, 14 May 2020 commencing at 10:00am AEST. The Chief Executive Officer and Managing Director, Mr Leon Devaney, and Chief Financial Officer, Damian Galvin, will cover the Company's financial performance and activities for the quarter. The presentation will also provide an update on key growth initiatives [...]