Central Petroleum Limited

Asian Activities Report for August 5, 2011 includes: Bulletin Resources Limited (ASX:BNR) reported additional high grade gold results from its 100% owned Nicolson's Gold Project in northern Western Australia; Central Petroleum Limited (ASX:CTP) intends to drill up to three wells starting from mid-September 2011; ZYL Limited (ASX:ZYL) has confirmed additional significant coal resources at the Kangwane Anthracite Project; Grand Gulf Energy Limited (ASX:GGE) said today that La Posada discovery well has been logged and fully evaluated to 18,400ft; Hinduja Global Solutions Limited (BOM:532859) has acquired On-Line Support Inc..

New geoscientific data released today has set Central Australia on a potential path of emerging as Australia's foremost supplier of the high-in-demand and premium priced inert gas, Helium, to global markets.

Yesterday the Australian stock market fell sharply led by falls in Wall Street and the bleak local jobless data. Analysts expect worse to come after the ABS unemployment figure rose from 4.4% to 4.5% as the global economy further deteriorates this year. The benchmark S&P/ASX200 index fell 157.5 points, or 4.27 per cent, to 3,529.5 and the broader All Ordinaries index retreated 147.5 points, or 4.07 per cent, to 3,476.8.

Central Petroleum Limited (ASX:CTP)(PINK:CPTLF) has boosted cash reserves and enhanced the exploration prospects for a major oil play in Australia's onshore Amadeus Basin under new joint venture arrangements announced today.

Central Petroleum Limited (ASX:CTP)(PINK:CPTLF) announce the quarterly report to September 2008 with detail on exploration activities.

Central Petroleum Limited (ASX:CTP)(PINK:CPTLF) announces that Hunt Rig 2 was released from the Simpson 1 well site at 0800 Northern Territory time on the 22nd October.

Central Petroleum Limited (ASX:CTP)(PINK:CPTLF) report that as at 0600 today, the well had reached a current depth of 2,165m in ?Warburton Basin sediments with background gas of c.1 unit. Background gas of c.1-2 units has been recorded since drilling out the casing shoe. Wellsite interpreted top of the Warburton Basin sediments was 2,073m. Electric logging tools are now being run at the wellsite.

Central Petroleum Limited (ASX:CTP)(PINK:CPTLF) report that as at 0600 today, the well had reached a current depth of 2,073m in ?Warburton Basin sediments with background gas of c.1 unit. Background gas of c.1-2 units has been recorded since drilling out the casing shoe.

Central Petroleum Limited (ASX:CTP)(PINK:CPTLF) report that as at 0600 today, the well had reached a current depth of 2,077m ?Crown Point Formation sandstones with background gas of c.1 unit. Background gas of c1-2 units has been recorded since drilling out the casing shoe. Wellsite interpreted top ot the Tirrawarra Sandstone was 1,990m and the Crown Point Formation 2,000m.

Central Petroleum Limited (ASX:CTP)(PINK:CPTLF) report that as at 0600 today, the well had reached a current depth of 1,989m in sandstones with minor siltstones, claystones and coals in the Purni Formation.