Central Petroleum Limited

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) announces that the webcast presentation will be delivered on Friday, 26 February 2021 commencing at 10:00am AEST.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) today reports a net profit after tax of $2.5 million for the half year to 31 December 2020, continuing solid financial performance despite the market downturn experienced in 2020.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) has been advised by Santos that it requires further time to complete technical studies before a proposal can be put forward for EP112 JV approval in relation to further drilling at the Dukas prospect.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) provide the review of operations and the Quarterly Activities and Cashflow Report.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) has contracted with Silver City Drilling (NSW) Pty Ltd to have Rig 34 drill three appraisal pilot wells at Central's Range Gas Project in Queensland's Surat Basin.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) announces that Mr Wrix Gasteen has resigned as a director of Central Petroleum Limited and all its subsidiaries effective 28 November 2020.

In his address to shareholders at the 2020 Annual General Meeting, the Chair of Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) Mr Wrix Gasteen, stated that it would be his last AGM as Chair.

For Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF), this year has highlighted the importance of having the stability, financial strength and the agility to be able to ride out the downturn caused by the pandemic and then to have the resilience to refocus on growth and grasp new opportunities as they arise.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) is pleased to announce that the farmout process to fund an Amadeus Basin Exploration Programme has advanced to a final due diligence phase with a preferred bidder under a limited period exclusivity arrangement.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) refers to its ASX Announcement dated 22 October 2020 ("New Gas Sales Agreement and Finance Facility Extension") and announces that the New Gas Sale Agreement referred in the Announcement has become unconditional following conditions precedent being met.