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Central Petroleum Ltd

ASX:CTP
A$0.061Close 7 Oct 2026 · delayed

Past year: ▼ 6%(5.80c – 9.30c AUD)

Market cap
A$44.2m
Shares on issue
724m
In-ground value
A$1.01bn
Risked multiple
6.69×
Story beats
345 since 2006
Last event
27 July 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

19 Dec 2025asset acquisition disposition▼ BadMajor

The Georgina sale is amended to drop EP82 (Magee/Mahler, 60%), which Central keeps via Helium Australia while withdrawing from the EP82 joint venture with Santos. Other terms unchanged. Central expects a $4.2M impairment charge in FY26.

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15 Dec 2025material agreement▲ GoodMajor

Partner Echelon says the Mereenie and Palm Valley joint ventures agreed non-binding terms with Power and Water Corporation for gas sales to end-2034, enabling four new wells (two at each field). It is conditional on final documents and approvals. This advances the open Palm Valley and Mereenie development thread.

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15 Dec 2025material agreement▲ Good

Partner Horizon reports the Mereenie joint venture signed the same binding letter of intent with Power and Water Corporation, covering two Mereenie wells with drilling targeted mid-2026 and gas sales to 2034. Partner-side repeat of Central's announcement; deals still target 20 February 2026.

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15 Dec 2025material agreement▲ GoodMajor

Central and its Mereenie and Palm Valley partners sign a binding letter of intent with Power and Water Corporation. It starts early works for four new wells (drilling targeted mid-2026) and aims for binding gas deals by 20 Feb 2026 for up to 25.5 PJ (Central share) to end-2034. Terms remain non-binding and conditional.

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20 Nov 2025investor presentation● Neutral

AGM presentation repeats FY2025 results and the Georgina deal, with completion targeted 1H 2026 and share distribution 2H 2026. New: 8.5M executive share rights cash-settled at 5.5c; gas is fully contracted through 2027, with new wells needing a term gas deal.

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12 Nov 2025asset acquisition disposition▲ GoodMajor

Central agrees, conditionally, to sell its interests in three sub-salt permits (EP82 60%, EP112 45%, EP125 30%) to London-listed Georgina Energy for a 25% stake in Georgina. Georgina must first raise at least £7M. Central intends to distribute the shares to its shareholders.

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21 Oct 2025contract award▲ GoodMajor

Central signs a gas deal with McArthur River Mining for 1.3 PJ (Central share) over 2026-27, firm, take-or-pay, fixed price. Management says all expected firm production over the next two years is now contracted. It continues talks on long-term sales from new wells.

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21 Oct 2025material agreement▲ Good

Partner Echelon reports the Mereenie joint venture signed a gas deal with McArthur River Mining for 2.1 PJ firm (net to Echelon) in 2026-27, take-or-pay, CPI-indexed. Partner-side view of the deal Central also announced.

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21 Oct 2025material agreement▲ Good

Partner Horizon reports the Mereenie joint venture signed a gas deal with McArthur River Mining for 4.9 PJ total (1.3 PJ net to Horizon) in 2026-27, firm and fixed price. Partner-side repeat of Central's announcement.

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25 Sept 2025investor presentation● Neutral

FY2025 results slides repeat known figures: underlying profit $6.5M, EBITDAX $19.6M, revenue $43.6M, net cash $3.9M. New detail: 2P reserves upgrades replaced 96% of production, and Q1 FY26 volumes are about 8% lower due to the pipeline closure.

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23 Sept 2025investor presentation● Neutral

Notice of an online webinar on 25 September 2025 where the CEO and CFO will present FY2025 results and take questions. Administrative notice only; matches the webinar already flagged.

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17 Sept 2025annual report▲ Good

The 2025 Annual Report, with Chair, CEO, operating review, remuneration and audited accounts. The visible text calls it a pivotal year, with new gas contracts lifting revenue and the balance sheet. It repeats the results release.

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17 Sept 2025annual report▲ Good

FY2025 underlying EBITDAX rose 43% to $19.6M, statutory profit was $7.7M (vs $12.4M, which included a sale gain), and revenue was $43.6M. Net cash rose to $3.9M. The buy-back starts September 2025; management is weighing growth, M&A, debt repayment or dividends.

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17 Sept 2025annual report● Neutral

Corporate Governance Statement for FY2025, describing how the board follows ASX governance principles. Disclosure only; it notes 14 women (17% of staff) and one woman on the board. No new commercial news.

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17 Sept 2025admin correction● Neutral

Appendix 4G, the standard checklist pointing to where Central's governance disclosures are found, confirming the statement is current at 9 September 2025 and board-approved. Administrative filing with no new substance.

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8 Aug 2025capital raising announcement▲ GoodMajor

Central announces its first shareholder return: an on-market buy-back of up to 10% of shares over 12 months from 15 September 2025, about $4M at recent prices. This delivers the long-flagged return strategy. It will also cash-settle some executive share rights.

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31 July 2025investor presentation● Neutral

Notice of an online webinar on 8 August 2025 covering June quarter results and a proposed share buy-back. Administrative notice; the buy-back details come separately.

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2 July 2025production update● Neutral

April-May revenue was $7.9M at $9.88/GJe, consistent with the March quarter. The Brewer Estate property sold for $1M (about $1.2M profit expected in the June quarter). Mereenie oil offtake limits have temporarily shut four wells, cutting Central's gas capacity about 0.4 TJ/d.

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16 Apr 2025material agreement termination● Neutral

Partner Echelon (42.5% of Mereenie) confirms the Arafura gas agreement lapsed after the FID condition was not met, saying the JV decided to re-market the gas and parted on good terms. Repeats Central's news.

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16 Apr 2025material agreement termination● Neutral

Partner Horizon (25% of Mereenie) confirms the Arafura gas supply agreement lapsed after Arafura's FID condition was not met by 31 March 2025. The joint venture will re-market the 2028 firm gas. Repeats Central's news.

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16 Apr 2025material agreement termination▼ BadMajor

The Arafura gas supply deal (from 1 Jan 2028, up to 4.1 PJ net to Central) lapsed because Arafura did not reach a Nolans FID by 31 March 2025. Central and its Mereenie partners will re-market the firm gas. Resolves the open Arafura FID thread negatively.

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16 Apr 2025material agreement termination● Neutral

Partner Cue (7.5% of Mereenie) confirms the Arafura gas supply agreement lapsed because the Nolans FID condition was not met. The JV will market the 2028 firm gas to NT and east coast customers. Repeats Central's news.

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14 Mar 2025investor presentation● Neutral

Half-year update slides repeat known facts: $23.4M loan extended to end 2029, net cash $1.6M, underlying EBITDAX $8.6M, statutory profit $1.5M, and new NT contracts lifting prices from January 2025. Palm Valley wells and Stairway appraisal remain 'under consideration'. Little new.

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12 Mar 2025investor presentation● Neutral

Notice of an online half-year results webinar on 14 March 2025, led by CEO Leon Devaney and CFO Damian Galvin. No new information.

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10 Mar 2025half year report▲ Good

Half-year to December 2024: underlying EBITDAX $8.6M (+7%), statutory profit $1.5M versus $13.9M a year earlier, which included the Range sale gain. Sales revenue was $18.9M and operating cash flow $4.3M. January price was over $9.70/GJe, up 21%.

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10 Mar 2025half year report▲ Good

Half-year accounts to 31 December 2024: the Chair's letter reports cash of $23.4M and January portfolio price over $9.70/GJe. It says the company is interested in a steady shareholder return strategy and in investing in Palm Valley and possibly Stairway. Full figures are in the results release.

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7 Mar 2025production update▲ GoodMajor

WM30 came online on 26 February at over 4 TJ/d, against about 3 TJ/d expected. Mereenie sales capacity is now about 32 TJ/d (100% JV). Delivered cost was under the $8M (Central share) budget. Resolves the WM30 result thread.

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19 Feb 2025drilling result▲ GoodMajor

WM30 was air-drilled to 1,620 m and the rig released on 19 February 2025; tie-in is expected early March. WM29 has stabilised at about 5 TJ/d versus 3 TJ/d expected. The programme is forecast to finish under budget.

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19 Feb 2025drilling result▲ Good

Partner Horizon repeats that WM30 was drilled and completed through Pacoota-3, with tie-in expected toward end of February. It says the programme was on time and within budget. Repeats Central's news.

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19 Feb 2025drilling result▲ Good

Partner Echelon repeats that WM30 is complete, with WM29 online at about 5 TJ/d. It expects Mereenie capacity above 30 TJ/d and the programme under budget. Mostly repeats Central's news.

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