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SURPRISE-1 RE-ENTRY H DRILLING UPDATE

Central Petroleum Limited (ASX:CTP) (“Central” or the “Company”) advises shareholders that at 0600 this morning CST, the Surprise-1 Re-entry H well was drilling ahead horizontally at approximately 10 metres/hour at a Measured Depth of 2,630m and a True Vertical Depth (TVD) of 2,543m. Approximately 75m of horizontal well bore has been drilled.

Continuous good oil shows are being encountered in sandstone with 100% dull to bright yellow fluorescence and instant blue/white cut fluorescence.


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