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.
Latest Media Releases
Latest News
Company News /
by Rachael Jones -
4 years ago
09 Jan 2020 - Central Petroleum (ASX:CTP) has appointed Flagstaff Partners as its advisor for the farm-out of its CY2020 Exploration Programme.
Company News /
by Rachael Jones -
5 years ago
03 Jan 2019 - Central Petroleum (ASX:CTP) has announced that its customer Incitec Pivot (ASX:IPL) has advised Central that its Gas Sales Agreement with Incitec will commence today …
Company News /
by Rachael Jones -
6 years ago
02 Mar 2018 - The Australian Competition and Consumer Commission is set to propose to authorize joint gas marketing arrangements between Central Petroleum (ASX:CTP) and Macquarie M…
Market Reports /
by Jessica Amir -
7 years ago
03 May 2017 - Apple pushes Nasdaq to fresh intraday record: Aus shares to open flat. Central Petroleum Limited (ASX:CTP) has announced Santos Limited (ASX:STO) has increased its in…
Company News /
by Jessica Amir -
7 years ago
10 Mar 2017 - The board of Central Petroleum Limited (ASX:CTP) unanimously recommends the improved proposal takeover bid, from Macquarie Group’s (ASX:MQG) subsidiary, Macquarie MPV…
Market Reports /
by Jessica Amir -
7 years ago
30 Jan 2017 - US markets gained 1% last week: Aus shares to open lower. Central Petroleum Limited (ASX:CTP) announces a strong quarterly close for the period ending 31 December 201…
Market Reports /
by David Chau -
7 years ago
21 Dec 2016 - Dow Jones almost at 20,000 points: ASX to open higher. Santos (ASX:STO) agrees to sell its 50% stake in the Mereenie Oil And Gas Field to a subsidiary of Macquarie Gr…
Market Reports /
by David Chau -
7 years ago
22 Nov 2016 - Tuesday outlook: Higher oil prices to boost Aus shares. German competition regulators grant approval for proposed takeover of Sierra Rutile Ltd by Iluka Resources Ltd…
Company News /
by Jessica Ellerm -
7 years ago
14 Nov 2016 - Central Petroleum Limited (ASX:CTP) annouces that on the 10 November it received an unsolicited, indicative and non-binding proposal from Macquarie Group.
Market Reports /
by -
8 years ago
18 Nov 2015 - Aus shares set to open lower. Spark New Zealand Limited (ASX:SPK) borrowing division Spark Finance Limited is considering a retail bond offer.
Market Reports /
by -
9 years ago
02 Apr 2015 - Aus shares, SPI points up for Easter. Central Petroleum Limited (ASX:CTP) says subsidiary Merlin Energy will not be involved in the construction of the new North East…
Market Reports /
by Lee Brooks -
9 years ago
09 Feb 2015 - Aus shares end record winning streak. Fairfax Media Limited's (ASX:FXJ) multi-billionaire shareholder Gina Rinehart is understood to have sold out of the media group…
Company News /
by -
9 years ago
09 Feb 2015 - Central Petroleum Limited (ASX:CTP) spikes after providing an update for its Dingo Gas project and announcing early gas sales.
Market Reports /
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10 years ago
09 Sep 2014 - Aus shares break losing streak as BHP adds over 1%. Brambles Limited (ASX:BXB) to expand into oil and gas sector with $US545 million acquisition of UK-based Ferguson …
Market Reports /
by -
10 years ago
01 Sep 2014 - ASX buoyed by big four, trading higher at noon. Central Petroleum Limited (ASX:CTP) says its Mt Kitty Joint Venture project with Santos will commence wireline logging…
Interviews /
by -
10 years ago
06 May 2014 - Advent Energy Executive Director, David Breeze outlines the oil and gas explorer’s projects, partnerships and plans for development.
Company News /
by -
10 years ago
14 Mar 2014 - Central Petroleum Limited’s (ASX:CTP) stock jumps more than 10 per cent after the announcing its Surprise West-1 well has started production.
Resources Corner /
by -
11 years ago
11 Apr 2013 - Global powerhouse BHP Billiton is flagging an intention to diversify and shift away from a predominant China dependant focus.
Market Reports /
by -
11 years ago
04 Apr 2013 - ASX slumps 0.9% into red. Shares in Fairfax Media Limited (ASX:FXJ) fall after shuffling its executive leadership team and announcing a new organisational structure.
Company News /
by -
11 years ago
04 Apr 2013 - Central Petroleum Limited (ASX:CTP) outlines plans to expand its shale gas play and dispose of its coal assets for $1.8 million.
Market Reports /
by -
11 years ago
12 Feb 2013 - Aus shares close flat. Hydrocarbon explorer Central Petroleum Limited (ASX:CTP) completes a substantial program of technical analysis within its Surprise discovery in…
Market Reports /
by -
11 years ago
02 Oct 2012 - Aus shares finish 1% higher. Bank of Queensland Limited (ASX:BOQ) is the first bank to respond to the RBA’s interest rate decision, citing funding pressures in only p…
Company News /
by -
11 years ago
02 Oct 2012 - Central Petroleum Limited (ASX:CTP) and Adelaide based Santos Limited (ASX:STO) have announced a $150M farm in agreement based in Central Australia.