Central Petroleum Limited

Central Petroleum Limited (ASX:CTP) ("Central" or the "Company") has pleasure in announcing that at 0600 this morning CST (Central Standard Time Northern Territory), the well had drilled past previous oil shows in the Stairway Sandstone and had reached a depth of 2,599m RKB.

Central Petroleum Limited (ASX:CTP) has pleasure in announcing that new drilling plans have been adopted for Surprise-1 after in-depth consultation with new key management staff, Chief Operating Officer Dalton Hallgren and Exploration Manager Trevor Shortt. Mr Hallgren and Mr Shortt have extensive North American horizontal and unconventional drilling and completion experience and have added valuable insight and momentum into a refined drilling plan for Surprise-1.

Central Petroleum Limited (ASX:CTP) ("Central" or the "Company") has pleasure in announcing that Hunt Rig 3 re-entered Surprise-1 Sidetrack-1 (S1ST1) at 1700 CST on Saturday 18 November. A daily drilling update on time versus depth from Rotating Kelly Bushing (RKB) and a well prognosis is available on the Company's website. Further announcements will be made as appropriate.

Central Petroleum Limited (ASX:CTP) has pleasure in announcing that Mr Dalton Hallgren has been appointed as Chief Operating Officer, effective on visa requirements being met, to replace Al Thorsen in this role. Mr Thorsen has had to return to Canada due to personal family issues.

FINANCE VIDEO: Central Petroleum (ASX:CTP) Managing Director John Heugh presented live to Sydney's Capital Markets at Investorium.tv, regarding the Corporate Goal of the Company to become the predominant producer of petroleum and value added products in a central Australian energy hub.

Investorium.tv presents November Energy featuring Oil and Gas, and why it is an important source of energy for both Domestic and Export Markets. Emerging and Established Energy Companies are Presenting.

Broadcast to an Internet audience as well as live in the CBD of Sydney is Investorium.tv's November Energy Webcast. Six companies will be presenting to a highly qualified pool of capital and investment professionals on November 7th at 4:30PM from the Basement.(Macquarie Place Circular Quay)

Asian Activities Report for August 5, 2011 includes: Bulletin Resources Limited (ASX:BNR) reported additional high grade gold results from its 100% owned Nicolson's Gold Project in northern Western Australia; Central Petroleum Limited (ASX:CTP) intends to drill up to three wells starting from mid-September 2011; ZYL Limited (ASX:ZYL) has confirmed additional significant coal resources at the Kangwane Anthracite Project; Grand Gulf Energy Limited (ASX:GGE) said today that La Posada discovery well has been logged and fully evaluated to 18,400ft; Hinduja Global Solutions Limited (BOM:532859) has acquired On-Line Support Inc..

New geoscientific data released today has set Central Australia on a potential path of emerging as Australia's foremost supplier of the high-in-demand and premium priced inert gas, Helium, to global markets.

Yesterday the Australian stock market fell sharply led by falls in Wall Street and the bleak local jobless data. Analysts expect worse to come after the ABS unemployment figure rose from 4.4% to 4.5% as the global economy further deteriorates this year. The benchmark S&P/ASX200 index fell 157.5 points, or 4.27 per cent, to 3,529.5 and the broader All Ordinaries index retreated 147.5 points, or 4.07 per cent, to 3,476.8.