Central Petroleum Limited

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) announces that Mr Wrix Gasteen has resigned as a director of Central Petroleum Limited and all its subsidiaries effective 28 November 2020.

In his address to shareholders at the 2020 Annual General Meeting, the Chair of Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) Mr Wrix Gasteen, stated that it would be his last AGM as Chair.

For Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF), this year has highlighted the importance of having the stability, financial strength and the agility to be able to ride out the downturn caused by the pandemic and then to have the resilience to refocus on growth and grasp new opportunities as they arise.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) is pleased to announce that the farmout process to fund an Amadeus Basin Exploration Programme has advanced to a final due diligence phase with a preferred bidder under a limited period exclusivity arrangement.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) refers to its ASX Announcement dated 22 October 2020 ("New Gas Sales Agreement and Finance Facility Extension") and announces that the New Gas Sale Agreement referred in the Announcement has become unconditional following conditions precedent being met.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) is pleased to announce the restart of the Range Gas Project in Queensland's Surat Basin. The Range Gas Project is being progressed under a 50:50 joint venture ("Range JV") between Central and a wholly-owned subsidiary of Incitec Pivot Limited (ASX:IPL).

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) wishes to congratulate one of its Non-Executive Directors, Dr Julian Fowles, in being appointed Chief Executive Officer and Managing Director of Karoon Energy Limited.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) has signed agreements for the sale of 3.5 PJ of gas and a 12-month extension to its existing finance facility with Macquarie Bank Limited.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) is pleased to announce a maiden full year profit after tax of $5.4 million for the year ended 30 June 2020.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CPTLF) is pleased to announce the appointment of Mr Michael "Mick'' McCormack as a Director of the Company effective 1st September 2020.