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INCREASE IN OIL FLOW SURPRISE-1 RE-ENTRY

- 20% increase in oil flow to 380 bbls/day

- 50% decrease in water/drilling fluid cut to 4.4%

Central Petroleum Limited (ASX:CTP) (“Central” or the “Company”) advises that further flow testing today of the Surprise-1 Re-entry H (S1REH) well has resulted in a c.20% increase in sustained flow rate via a 32/64” choke to 380 bbls/day with a low 4.4% drilling fluid and/or water cut-reduced from a previous average of 8%.


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