News & Videos - CENTRAL PETROLEUM LIMITED

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) 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....

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) 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...

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) refers to the announcement dated 12 September 2023 regarding the status of the Peak Helium (Amadeus Basin) Pty Ltd ("Peak Helium") 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...

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) today released its Annual Report for the financial year ending 30 June 2023. Underlying Earnings Before Interest, Tax, Depreciation, Amortisation and Exploration (EBITDAX) 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...

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) is an ASX-listed oil and gas producer, with a portfolio of producing and prospective tenements across the Northern Territory (NT) 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...

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) advises that it has entered into a Memorandum of Understanding (MOU) with its Mereenie co-venturers and Twin Bridges LLC (Twin Bridges), a private US company specialising in helium appraisal and production, to progress a helium recovery unit (HRU) at its Mereenie field in the Northern Territory towards a final investment decision (FID). The proposed HRU project will target production of up to 60,000 scf of compressed helium...

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) Reserves upgrade at Palm Valley and Dingo fields: Proved and Probable (2P) reserves total 75 PJe, an upgrade of 8% (before production) as a result of the successful Palm Valley 12 well and updated modelling for the Dingo field. Sales volumes: o June quarter: 1.3 PJe (Petajoule equivalent) were slightly lower than the prior quarter, down 4% largely due to a temporary outage of the Northern Gas...

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) has reported an upward reserve adjustment of 8% (before production) in its Proved and Probable (2P) 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,...

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that Peak Helium (Amadeus Basin) Pty Ltd ("Peak Helium") 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...

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) 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....

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) provide the Quarterly Activities Report. - Sales volumes at 1.3 PJe (Petajoule equivalent) 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 (Gigajoule equivalent), reflecting the restored access to higher priced eastern gas...

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) 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 (bcf) of helium, including a prospective resource of 40.5 bcf at...

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) 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...

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) 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...

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) today reports Underlying Earnings Before Interest, Tax, Depreciation, Amortisation and Exploration (EBITDAX) 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 (50%) reduced interests in the Amadeus Basin producing properties from 1 October 2021 and temporarily weaker underlying sales...

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) 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...

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) 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...

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) Quarterly Activities Report and review of operations for the quarter ended 31 December 2022. Highlights: - Palm Valley drilling success: The Palm Valley 12 P1 lateral well was successfully completed, tied-in to the Palm Valley processing facilities and flowing gas to market at greater than 10 TJ/day from late November. - New gas sales agreement: A new gas sales agreement for the sale of 0.55 PJ of...

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) today announces a new GSA has been executed with South32 for 0.55 PJs of gas supply over two years, commencing 1 January 2023. 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. The GSA commercialises a portion of existing uncontracted production. Highlights - Central Petroleum Limited ("Central"), through a wholly owned...

Brisbane, Australia (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) refers to its announcements regarding the Peak Helium farmout transaction. The conditions precedent satisfaction date for the Peak Helium farmout is currently 30 November 2022. Following Peak Helium's advice that the assessment of stamp duty has been completed, it has been progressing various approvals with the Northern Territory Government in order to facilitate completion of the remaining...