Central Petroleum Limited

Central Petroleum Limited (ASX:CTP) advises that the first load of oil from the Surprise 1 REH ST1 well has left location en-route to market. A Crude Oil Sales Purchase Agreement has been signed under which the crude will be sold. The well is performing as expected under the EPT program protocols. The term of the initial agreement was determined by the length of the EPT, which is 3 months.

Central Petroleum Ltd (ASX:CTP) advises that all resolutions considered at the Company's General Meetings held 12.00 noon and 2.00pm on 22 June 2012 were passed with the requisite majorities by way of a poll.

Central Petroleum Ltd (ASX:CTP) advises that Mr Andrew Whittle, Non-Executive Director, has been appointed as the Deputy / Vice Chairman of the Board. Mr Whittle's appointment will continue should he be re-elected as a director on 22 June 2012.

Central Petroleum Ltd (ASX:CTP) advises that it has begun flowing the Surprise 1 REH ST1 well. The initial production rate will be determined by the Extended Production Test program protocols.

Central Petroleum Limited (ASX:CTP) advises that a research report from Patersons Securities can be found on the Company's website at the following link: http://www.centralpetroleum.com.au/downloads.php

Central Petroleum Ltd (ASX:CTP) advises that the Northern Territory Department of Resources ("DOR") has approved the Company's Extended Production Test ("EPT") to be carried out at the Surprise-1 Re-entry H ST1 well.

Central Petroleum Limited (ASX:CTP) ("Company") advises that a research report from DJ Carmichael can be found on the Company's website at the following link: http://www.centralpetroleum.com.au/downloads.php

Central Petroleum Limited (ASX:CTP) advises that the Kintore bypass road, "Kelly Highway", along with the improvements to the existing Surprise access road and Surprise location were completed 6 June 2012. There were delays in completion of work because of the extended travel time necessary to access a water bore as there was no accessible water near where the road was being built.

Central Petroleum Limited (ASX:CTP) attaches its latest company presentation. Included in the presentation are high level details of Richard Cottee's strategy for the Company, the proposed Board of Directors should Mr Cottee be elected as a director and Mr Cottee's key employment terms and incentive option package.

Central Petroleum Limited (ASX:CTP) advises that its Surprise 3D seismic programme has now received the necessary government regulatory and environmental approvals. The programme of approximately 82 sq kms is located over the Surprise structure in EP115 in the Northern Territory.