Central Petroleum Limited

Underlying Earnings Before Interest, Tax, Depreciation, Amortisation and Exploration (EBITDAX) was $15.7 million, on revenues of $39.3 million which reflected strong oil and gas prices.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) is an ASX-listed oil and gas producer, with a portfolio of producing and prospective tenements across the Northern Territory (NT) and Queensland.

Central Petroleum Limited (ASX:CTP) advises that it has entered into a Memorandum of Understanding (MOU) with its Mereenie co-venturers and Twin Bridges LLC (Twin Bridges), a private US company specialising in helium appraisal and production.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) Reserves upgrade at Palm Valley and Dingo fields: Proved and Probable (2P) reserves total 75 PJe, an upgrade of 8% (before production) as a result of the successful Palm Valley 12 well and updated modelling for the Dingo field.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) has reported an upward reserve adjustment of 8% in its Proved and Probable (2P) gas reserves, reflecting recent drilling and production results at Palm Valley and updated reservoir modelling at the Dingo field.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that Peak Helium Pty Ltd has overdue payments of over $3 million under the farmout agreement with Central following the completion announcement made on 31 March 2023.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) will hold an online presentation on Friday, 12 May 2023 commencing at 10:00am AEST.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) provide the Quarterly Activities Report.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) provides resource estimates for the three well sub-salt exploration program scheduled to commence drilling later this year / early 2024, targeting helium, naturally-occurring hydrogen and natural gas.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) refers to its announcements regarding the Peak Helium farmout transaction, including the initial announcement dated 9 February 2022.