Central Petroleum Limited

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that the Palm Valley 12 (PV12) well has been tied-in and commenced flow testing on 28 November 2022.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) refers to its announcements regarding the Peak Helium farmout transaction.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that it has entered into an agreement with Macquarie Bank Limited for the expansion of its existing debt facility for up to $12 million to fund increased production across its Amadeus Basin gas projects.

To our Shareholders, since I last spoke to you at Central Petroleum Limited's (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) AGM last year, we have seen the emergence of energy security and affordability as critical issues for governments, businesses and individuals alike.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) provide the review of operations for the quarter ended 30 September 2022.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that as at 0600 hrs ACST on 17 October 2022 the Palm Valley 12 sidetrack in OL3 was in the process of being completed as a gas producer after flowing gas on test at approximately 11.8 million standard cubic feet per day.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) refers to its announcements regarding the Peak Helium farmout transaction.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that as at 0600 hrs ACST on 10 October 2022 the Palm Valley 12 (PV12) sidetrack (ST2) in OL3 was undergoing clean-up flows in preparation for a further flow test.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that as at 1400 hrs ACST on 2 October 2022 Palm Valley 12 (PV12) sidetrack (ST2) in OL3 had progressed to a measured depth ("MD") of 2,598m. At that time a decision was made to change the drilling bit and take the opportunity to conduct an interim flow test.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that RBC Capital Markets ("RBC") has been appointed as exclusive advisor to undertake a strategic review of the Company's asset portfolio and transactional opportunities that may arise to crystalise asset value.