Central Petroleum Ltd. has secured a commitment from Macquarie Bank Limited to extend and restructure the loan facility which was originally used to finance the acquisition of its interests in the Mereenie, Palm Valley and Dingo operating assets, subject to agreement of final documentation. Key features of the upgraded facility - Provides for full refinance of the existing $22.3m loan which requires refinancing by 30 [...]
Central Petroleum Ltd. will hold an online presentation on Tuesday 1 October 2024 commencing at 10.00 am AEST. Managing Director & Chief Executive Officer, Mr Leon Devaney, and CFO, Damian Galvin, will cover Central's FY2024 results and provide an update on recent activities. Attendees will be provided an opportunity to submit questions for a Q&A session to occur at the completion of the presentation. Participants wishing [...]
Central Petroleum Ltd. today reports a statutory net profit after tax of $12.4 million for the financial year ended 30 June 2024, including a $13.8 million profit on the sale of its interest in the Range gas project, compared to a loss of $8.0 million for FY2023. Underlying Earnings Before Interest, Tax, Depreciation, Amortisation and Exploration for the year to 30 June 2024 was down 13% from FY2023 at $13.8 million, as [...]
Central Petroleum Ltd.'s relevant subsidiary company and its Mereenie JV partners have formally approved the drilling of two development wells at the Mereenie Oil and Gas Field in the Northern Territory. This investment decision follows the recently announced Gas Sales Agreements with the Northern Territory Government . The Mereenie development wells are expected to return field production capacity back above 30 TJ/d from [...]
Central Petroleum Ltd. will hold an online presentation on Friday 16 August 2024 commencing at 10.00 am AEST. Managing Director & Chief Executive Officer, Mr Leon Devaney, and CFO, Damian Galvin, will cover Central's June quarter results and provide an update on recent activities. Attendees will be provided an opportunity to submit questions for a Q&A session to occur at the completion of the presentation. Participants [...]
Central Petroleum Ltd. is pleased to advise that its gas sale Expression of Interest process has successfully concluded after targeting bids from across the Northern Territory and the east coast where potential gas shortfalls were forecast over the next few years. Central's objectives for the EOI process were to lock in firm gas prices under current market dynamics in order to generate higher cash flows from firm [...]
Central Petroleum Ltd. will hold an online presentation on Wednesday, 27 September 2023 commencing at 10:00am AEST. Managing Director & Chief Executive Officer, Mr Leon Devaney, and CFO, Damian Galvin, will cover Central's 2023 Annual Results and provide an update on recent activities. Attendees will be provided an opportunity to submit questions for a Q&A session to occur at the completion of the presentation [...]
Central Petroleum Ltd. today announces that its existing two year GSA with South32 has been extended for a further 12 months to include supply of an additional 0.36 PJ of gas in 2025. The GSA is for firm gas supply to Mt Isa, with take-or-pay provisions and a price that escalates with the consumer price index. Gas supplied under the GSA will be aggregated with existing Mereenie gas supply from MM, NZOG and Cue in order to [...]
Central Petroleum Ltd. refers to the announcement dated 12 September 2023 regarding the status of the Peak Helium Pty Ltd farmout. Following Peak Helium's failure to comply with statutory demands within the period for compliance, relevant Central subsidiaries as farmor parties to the Peak Helium farmout agreement have terminated the agreement in accordance with its terms. The relevant subsidiaries will now commence the [...]
Central Petroleum Ltd. today released its Annual Report for the financial year ending 30 June 2023. Underlying Earnings Before Interest, Tax, Depreciation, Amortisation and Exploration was $15.7 million, on revenues of $39.3 million which reflected strong oil and gas prices. Net loss after tax was $8.0 million, including $13.1 million of exploration expenses. Highlights for the financial year - Solid operating results o [...]
Central Petroleum Ltd. is an ASX-listed oil and gas producer, with a portfolio of producing and prospective tenements across the Northern Territory and Queensland. Central is the operator of the largest onshore gas producing fields in the NT, supplying industrial customers, electricity generators and senior gas distributors from three producing fields near Alice Springs. The Group added an additional 5.9 PJ of Proved and [...]
Central Petroleum Ltd. advises that it has entered into a Memorandum of Understanding with its Mereenie co-venturers and Twin Bridges LLC , a private US company specialising in helium appraisal and production, to progress a helium recovery unit at its Mereenie field in the Northern Territory towards a final investment decision . The proposed HRU project will target production of up to 60,000 scf of compressed helium gas [...]
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