Central Petroleum Limited

Central Petroleum Ltd (ASX:CTP) (OTCMKTS:CPTLF) ("Central" or "Company") welcomes the recent Council of Australian Governments (COAG) announcement

As at 06:00hrs on 7 October 2014 Gaudi-1 was drilling ahead in 8 1/2" hole at a depth of 2,095m. Once drilling reaches 2,102m wireline logs will be run to confirm stratigraphy. After logging it is planned to run intermediate casing and then commence coring operations through the Arthur Creek Formation.

Central Petroleum Limited (ASX:CTP) is now poised to unlock the undoubted shareholder wealth that has been latent for so long. Santos has committed to Stage 2 of the Farm-in for the Southern Amadeus Joint Venture. Drilling at Mt Kitty has proved that the Southern Amadeus is hydro-carbon charged and has helium to contribute handsomely to the economics of development. The drilling for the Southern Georgina joint venture with Total has also commenced.

Central Petroleum Ltd (ASX:CTP) has agreed to place 20 million shares at $0.30 per share with institutional investors in Australia and Hong Kong raising $6 million. The $0.30 issue price represents a 1.7% discount to the 10-day VWAP.

Central Petroleum Limited (ASX:CTP) advises that drilling of Gaudi-1 commenced on Sunday 14th of September 2014.

Central Petroleum Limited (ASX:CTP) reports that Santos as operator of the Southern Amadeus Joint Venture advises that wireline logging in the Mt Kitty EP 125 exploration well has been successfully completed.

Central Petroleum Limited (ASX:CTP) Latest Company Presentation at the RIU Good Oil Conference, 9 September 2014

Central Petroleum Limited (ASX:CTP) provides a market update in relation to the Mt Kitty, Southern Georgina Joint Venture and NW Mereenie projects.

Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) (Central) has been advised by Santos (ASX:STO), the Operator of Amadeus Basin permit EP 125, that it plans to commence re-entry works to complete the evaluation (including logging) of the Mt Kitty 1 exploration well and plug and suspend the well to enable future use of the wellbore.

Central Petroleum Limited (ASX:CTP) (OTCMKTS:CTPLF) announces that Mr Joseph Morfea has been appointed Joint Company Secretary effective 27 August 2014.