Central Petroleum Limited

Central Petroleum Ltd (ASX:CTP) ("Central" or "Company") advises that it has completed the issue of the Share Purchase Plan ("SPP") shares to existing shareholders in addition to completing a top-up placement ("Placement") of 50 million new Central shares at 5.5 cents per share to institutional, sophisticated and professional investors. In total the SPP and Placement raised $9.9 million before costs.

Central Petroleum Limited (ASX:CTP) (ASX: CTP) has released a webcast with the following details: Central Petroleum reservoir engineering report commentary.
Speaker: John Heugh, Managing Director

Central Petroleum Limited (ASX:CTP) is pleased to advise that independent consultants RPS Energy Pty Ltd ("RPS") concluded that the pressure transient data gathered during the production test of Surprise-1REH indicates that the well may access STOIIP ("Stock Tank Oil Initially In Place") in the range of 0.5 to 2 million barrels in an area proximal to the well. No apparent boundaries were identified during the analysis of the pressure transient data. However, Central acknowledges that no further conclusions regarding the possible range of STOIIP volumes in the entire Surprise structure of c.8 km2 can be made until all available seismic, geological and geophysical data has been integrated and analysed.

Central Petroleum Limited (ASX:CTP) ("Central" or the "Company") is pleased to advise the release of a Technical Note by Greg Ambrose, Manager Geology, "The breakup of the Rodinia Supercontinent and its impact on petroleum systems in the Amadeus and Georgina Basins."

Central Petroleum Limited (ASX:CTP) announce a webcast regarding 'Oil discovery at Surprise-1". To access the Central Petroleum webcast click the following link http://abnnewswire.net/lnk/0D456JNW

Central Petroleum (ASX:CTP) : market capitalisation of ~A$60 million recently announced the successful flow testing at 380 barrels of oil per day via a 32/64" choke for its Surprise-1 Re-entry H well in the Amadeus Basin the Northern Territory. What were the background circumstances that led Central Petroleum to drill the well and conduct the flow testing?

Central Petroleum Limited (ASX:CTP) advises that further initial flow testing of the Surprise-1 Re-entry H (S1REH) well has finished after recording a sustained flow rate via a 32/64" choke of 380 bbls/day with a low 4.4% drilling fluid and/or water cut as previously announced.

Central Petroleum Limited (ASX:CTP) advises that further flow testing today of the Surprise-1 Re-entry H (S1REH) well has resulted in a c.20% increase in sustained flow rate via a 32/64" choke to 380 bbls/day with a low 4.4% drilling fluid and/or water cut-reduced from a previous average of 8%.

Central Petroleum Limited (ASX:CTP) ("Central" or the "Company") advises that initial flow testing of the Surprise-1 Re-entry H (S1REH) well has resulted in a maximum sustained flow rate via a 24/64" choke of 300 bbls/day with a low water cut. The oil flowed to date is a "light sweet crude" with an API Gravity averaging 40 Degrees. There is no evidence of Hydrogen Sulphide (H2S).

Central Petroleum Limited (ASX:CTP) advises shareholders that flow testing of the well is planned to commence late this week. A Measured Depth of approximately 2,854m with a True Vertical Depth of approximately 2,534m has been reached with approximately 230m of horizontal drilling in the target reservoir.