Central Petroleum Limited

The recent launch of Airbus' alternative fuel research programme with a successful three-hour test flight powered by gas-to-liquids (GTL) jet fuel bodes well for GTL plans in general and for Central Petroleum Limited's planned GTL project in central Australia.

Central Petroleum Limited (ASX: CTP) is pleased to announce an update on its seismic acquisition survey. Terrex Seismic have currently acquired 100 km of 2D seismic data in the Stone Plains Prospect Area (EP112). Line clearing is on schedule with Terrex Contracting currently preparing lines at the Johnstone prospect in EP115.

Central Petroleum Limited (ASX: CTP) has established two wholly owned subsidiaries to investigate potential to capitalise on the booming geothermal power generation, carbon trading and agroforestry sectors in central Australia, which complement its core petroleum and exploration and production activities.

Central Petroleum Limited (ASX: CTP) is committed to a major phase of exploration activity in its Amadeus and Pedirka/Eromanga Basin permits in 2008.

Central Petroleum Limited ("Central")(ASX: CTP) and Hunt Energy and Mineral Company Co.- Australia Pty Ltd ("Hunt") have signed a binding Letter of Intent subject to contract and technical inspection to utlise Hunt Rig 2 on Central's 2008 drilling programme timed to commence following the end of the Northern Territory wet season. Under the agreement, Rig 2 will be available to spud from March 1st to April 30th 2008 for a minimum programme of 2 conventional wells.

Central Petroleum Limited (ASX: CTP) has appointed Mr Randy Blaine Frazier as Drilling Manager effective from appropriate visa issue to manage its drilling programmes, production development, logistics and operations. Mr Frazier has both big and small company experience internationally in remote areas across exploration and production drilling and completions, pipelines and gas treatment including conventional, Coal Bed Methane and Helium development and production.

Central Petroleum Limited (ASX: CTP) - Further Clarification on proposed rolling convertible bond issue - Mr John Heugh, MD; Central Petroleum Limited (ASX: CTP) present the following audio webcast regarding "Discussion on Rolling Bond Facility and Potential Drilling Rig Purchase".

Central Petroleum Limited's (ASX: CTP) wholly owned subsidiary, Merlin Energy Pty Ltd, (Merlin) has met with the members of the Pmer Nyente Land Trust (ALT) to discuss a proposal put by Central Petroleum concerning an appropriate road corridor lease to the east of the Allitera Tableland to facilitate access to Merlin's interests in EP 93 and the Rawson Resources Limited's EP 97 which Merlin is farming in to. Merlin is a wholly owned subsidiary of Central Petroleum Limited. (Central or "CTP" ASX ticker)

Central Petroleum Limited's (ASX: CTP) wholly owned subsidiary, Merlin Energy Pty Ltd, (Merlin) has formalized an agreement with Rawson Resources Limited (Rawson) to farmin to the Simpson, Bejah and Dune prospect blocks in the Pedirka Basin, a recognised prospective province for oil exploration with many similarities to the Cooper Basin.

Central Petroleum Limited (ASX: CTP) - Georgina Basin Applications in Queensland - Mr John Heugh, MD; Central Petroleum Limited (ASX: CTP) present the following audio webcast regarding "Georgina Basin Applications in Queensland". You may also download this audio webcast to your computer or portable audio player.