Central Petroleum Limited

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.

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.