Central Petroleum Ltd.

Central Petroleum Ltd. has reported an upward reserve adjustment of 8% in its Proved and Probable gas reserves, reflecting recent drilling and production results at Palm Valley and updated reservoir modelling at the Dingo field. The updated reserves for the Palm Valley and Dingo fields as at 30 June 2023 have been certified by the internationally recognised petroleum consultants Netherland, Sewell & Associates, Inc [...]

Central Petroleum Ltd. advises that Peak Helium Pty Ltd has overdue payments of over $3 million under the farmout agreement with Central following the completion announcement made on 31 March 2023. Noting this failure to pay, Central has formed the view that Peak Helium may not be able to fund obligations under its various farmin arrangements which puts the future of the planned three well sub-salt exploration program for [...]

Central Petroleum Ltd. will hold an online presentation on Friday, 12 May 2023 commencing at 10:00am AEST. Managing Director & Chief Executive Officer, Mr Leon Devaney, and CFO, Damian Galvin, will cover Central's March 2023 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. provide the Quarterly Activities Report. - Sales volumes at 1.3 PJe were up 25% on the transport constrained previous quarter, benefitting from production from the recently commissioned Palm Valley 12 well. - Unit sales prices across the portfolio improved 20% to an average of $8.15/GJe , reflecting the restored access to higher priced eastern gas markets for much of this quarter. - Sales revenue of [...]

Central Petroleum Ltd. provides resource estimates for the three well sub-salt exploration program scheduled to commence drilling later this year / early 2024, targeting helium, naturally-occurring hydrogen and natural gas. Key points - Central's share of gas resources across the three prospects are estimated to be in the order of: o 44.8 billion cubic feet of helium, including a prospective resource of 40.5 bcf at Dukas [...]

Central Petroleum Ltd. refers to its announcements regarding the Peak Helium farmout transaction, including the initial announcement dated 9 February 2022. Central confirms that completion of the farmout agreement occurred on 31 March 2023. Central has also been notified that completion has occurred under Peak Helium's farmout agreement with Santos. Following completion of the farmout agreements the resultant post-farmout [...]

Central Petroleum Ltd. will hold an online presentation on Friday, 17 March 2023 commencing at 10:00am AEST. Managing Director & Chief Executive Officer, Mr Leon Devaney, and members of the management team will cover Central's half year results and provide an update on current and planned activities. Attendees will be provided an opportunity to submit questions for a Q&A session to occur at the completion of the [...]

Central Petroleum Ltd. today reports Underlying Earnings Before Interest, Tax, Depreciation, Amortisation and Exploration for the half year to 31 December 2022 of $5.3 million. EBITDAX is lower than the $10.0 million reported in the corresponding FY2022 half year, reflecting Central's reduced interests in the Amadeus Basin producing properties from 1 October 2021 and temporarily weaker underlying sales volumes which have [...]

Central Petroleum Ltd. refers to its announcements regarding the Peak Helium farmout transaction. The conditions precedent satisfaction date for the Peak Helium farmout is currently 28 February 2023. Central has been in contact with the Northern Territory Government and communications have demonstrated good progress in achieving governmental approval for the entry of Peak Helium into the joint ventures for EPs 82, 112 and [...]

Central Petroleum Ltd. refers to its announcements regarding the Peak Helium farmout transaction. The conditions precedent satisfaction date for the Peak Helium farmout is currently 31 January 2023. Peak Helium advises that it has been progressing various approvals with the Northern Territory Government in order to facilitate completion of the remaining conditions precedent. Peak Helium have requested an extension to 28 [...]