Central Petroleum Limited

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.

Central Petroleum Ltd (ASX:CTP) announces that Mr Richard Cottee has been confirmed as CEO following the Company's recent Board meeting. Chairman Dr Henry Askin said Mr Cottee's appointment is effective immediately. His continuing engagement and the provision of his services, as previously detailed, are conditional upon shareholder approval of Mr Cottee as a director.

Central Petroleum Limited (ASX:CTP) wishes to advise that it has received formal notification confirming the relinquishment of its geothermal exploration permits. The Board's decision to relinquish these non-core assets was a result of the Company's ongoing asset portfolio review.

Central Petroleum Limited (ASX:CTP) announces that Mr Richard Cottee is to be appointed as Director and CEO of the Company, subject to shareholder approval.

Central Petroleum Limited (ASX:CTP) (market capitalisation of~A$129 million),which recently announced the successful flow testing at 380 barrels of oil per day from its Surprise-1 REH well in the Amadeus Basin the Northern Territory, has a new Acting CEO, Dalton Hallgren.

Central Petroleum Limited (ASX:CTP) advises that it is currently investigating options to maximise shareholder value of its extensive early stage coal discoveries in central Australia through a separate listing of these assets.

Central Petroleum Limited (ASX:CTP) advises that Terrex Seismic has been awarded the contract to acquire 82 km2 of 3D seismic data over the Surprise structure in EP-115 in the Amadeus Basin, Northern Territory.

Central Petroleum Limited (ASX:CTP) has become aware of certain press speculation in which Hess Corp is stated to be a preferred farm-in partner for the Company. Hess Corp is a large internationally recognised oil & gas company with interests onshore Australia, however, the Company currently has no preferred farmin partners.