Central Petroleum Limited

Central Petroleum Ltd (ASX:CTP) (OTCMKTS:CPTLF) announced today it has entered into a non-binding heads of agreement (HOA) to supply up to 15PJ pa of gas from its conventional reservoirs in the Northern Territory to Incitec Pivot Limited (IPL).

Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) advises that Managing Director, Richard Cottee, will be holding open shareholder briefings in the following cities on the dates stated below.

Central Petroleum Limited (ASX:CTP), as Operator of the Southern Georgina Joint Venture, advises that Gaudi-1 has completed coring from 2105m through the Lower Arthur Creek Formation (LAC) and Thorntonia Limestone, and reached total depth of 2430m in basement. Gas shows were recorded whilst coring through the LAC.

This quarter was one in which Central Petroleum Limited (ASX:CTP) began to harvest the hard work commenced two years ago. With record exploration dollars being spent in our acreage the Company was able to finish the quarter with essentially the same amount of cash as it began.

Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) has undergone a very substantial transformation over the last 12 months or so. The following is a transcript of a Company Interview with Richard Cottee MD.

Today Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) launched a trial stage 1 of a 2 stage launch of its new website. We hope that the new website will be more user-friendly and enable our shareholders to access timely and accurate information concerning its activities.

There has been significant market speculation circulating in social media about Central Petroleum Ltd (ASX:CTP) and the Company is concerned this may be creating a false market. This includes assertions about the shareholdings of directors and management.

Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF), has reached agreement with IOR Transport Pty Ltd for the domestic transportation of the crude produced at Surprise West.

Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF), as Operator of the Southern Georgina Joint Venture, advises that coring at Gaudi-1 continues having reached a depth of 2,157 metres in the Lower Arthur Creek Formation. There have been 8 cores taken to date representing over 10 percent of the total expected to be taken for Gaudi-1

Central Petroleum Limited (ASX:CTP) ("Company" or "Central"), as Operator of the Southern Georgina Joint Venture, advises that drilling of Gaudi-1 continues.