Central Petroleum is a ASX listed junior exploration and production company operating what is regarded as the biggest package of prospective acreage in Australia at over 270,000 km2.
The Company’s main goal is to maximise shareholder returns by enhanced share value and potentially by dividend payments. It aims to operate a central Australian petroleum hub connected to appropriate infrastructure to allow the export to domestic and overseas markets of both primary energy resources and value added petroleum and helium products.
The Company plans to potentially capitalise on early cash flow from any oil discoveries but is seeking to build gas resources to a threshold point where value–adding processes such as LNG and or GTL for example can be brought into play. With helium prices approaching $145 USD/1,000 scfg in the USA, helium production and sales are regarded as an intrinsic part of this overall strategy. Apart from conventional gas reservoir potential, the Company has had independent estimates of over 10,000 trillion cubic feet in UCG “syngas” prospective recoverable resources and as well has produced inhouse estimates coupled with external independent reports of up to c.200 trillion cubic feet of gas in CSG and other unconventional reservoirs. Prospective recoverable resources of oil are in the billion barrel class.
The acreage includes the majority of the Pedirka Basin in the Northern Territory and in South Australia, the majority of the Amadeus Basin in the Northern Territory, all of the known Lander Trough in the Northern Territory and approximately 25,000 km2 of the Southern Georgina Basin.
The Company was formed by Mr John Heugh and Mr Richard Faull in 1998 in a countercyclical strategy aimed at securing large acreage tracts with very large targets in prospective areas of strategically well placed parts of central Australia and later to examine potential for the monetization of gas resources via Gas to Liquids (GTL) Fischer Tropsch and LNG technology in the production of zero sulphur diesel, naphtha and jet fuel.
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Latest News
Company News /
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11 years ago
21 Jun 2012 - Shares in Central Petroleum Limited (ASX:CTP) rise after announcing it has begun flowing the Surprise 1 REH ST1 well.
Market Reports /
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11 years ago
30 Apr 2012 - Aus shares close 0.8% higher. Ivanhoe Australia Limited (ASX:IVA) identifies significant drilling results at its Kulthor deposit in Queensland.
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11 years ago
27 Apr 2012 - Oil and gas explorer Central Petroleum Limited (ASX:CTP) is pursuing opportunities to separately list its coal assets in the Northern Territory.
Interviews /
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12 years ago
15 Feb 2012 – Central Petroleum Limited (ASX:CTP) Managing Director John Heugh explains the significance of the flow at its Surprise- 1 well and plans to start selling oil from the…
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12 years ago
16 Jan 2012 – Central Petroleum Limited (ASX:CTP) MD, John Heugh details how the company has struck the first significant oil flow from an onshore discovery well for almost five de…
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12 years ago
It's no secret that coal seam gas and liquefied natural gas are not only major Australian exports, but hot topics at the moment. FNN takes a look at what the government says about …
Interviews /
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12 years ago
09 Sep 2011– Central Petroleum Limited (ASX:CTP) MD, John Heugh explains the importance of the listing for its drilling plans and getting a re-rating of the its value.
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12 years ago
24 May 2011– Central Petroleum Limited (ASX:CTP) are set to dual list on the Toronto Stock Exchange in coming months, expand its drilling programme in central Australia with the a…
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13 years ago
08 November 2010 – Central Petroleum (ASX:CTP) MD, John Heugh explains the reason for the extension to 6th December and the importance of results from its Surprise -1 well due mid …
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13 years ago
29 Sep 2010 - Central Petroleum Ltd (ASX:CTP) raises $19.35 million through a placement of 75 million shares and an underwritten share purchase plan.
Interviews /
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13 years ago
20 Sep 2010 – Central Petroleum (ASX:CTP), Managing Director, John Heugh gives us an update on the company’s progress in the Amadeus Basin, in particular, the significance of furth…
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13 years ago
23 April 2010 – Central Petroleum, MD, John Heugh, explains its plans to enter the helium market.
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13 years ago
13 April 2010 – Central Petroleum, MD, John Heugh, explains where the money will go, its prospects and drilling program.
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14 years ago
Central Petroleum Ltd (ASX:CTP) hopes to raise $22 million to fund its exploration of the Northern Territory’s Amadeus Basin.