Central Petroleum Limited

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that as at 0600 hrs ACST on 27 June 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory was at a depth of 2,278m in the P4 unit of the Pacoota Formation.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that on 20 June 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory, was at the section total depth of 2,058m at 0600 hrs ACST in the P2 unit of the Pacoota Formation.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that on 13 June 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory, was at a depth of 2,005m at 0600 hrs ACST in the P2 unit of the Pacoota Formation.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that on 6 June 2022, the Palm Valley 12 well in OL3, Southwest of Alice Springs in the Northern Territory, was at the section total depth of 1,998m at 0600 hrs ACST in the P2 unit of the Pacoota Formation.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that on 30 May 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory, was at a depth of 1,947m at 0600 hrs ACST in the P1 unit of the Pacoota Formation.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that on 23 May 2022, the Palm Valley 12 well in OL3, Southwest of Alice Springs in the Northern Territory, had reached a depth of 1,880m at 0600 hrs ACST in the P1 unit of the Pacoota Formation.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) announces that joint venture approvals have been provided for Santos as operator to carry out certain key activities related to the planned drilling of three sub-salt exploration wells in 2023.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that on 16 May 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory, had reached a depth of 1,687m at 0600 hrs ACST in the Lower Stairway Formation.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) will hold a webcast on Monday, 16 May 2022 commencing at 1:00pm AEST.

Following recent reviews of geological data and fracture modelling analysis, Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) has identified the Pacoota-3 interval as a possible new appraisal target that may be integrated into the current PV12 drilling program.