Past year: ▼ 6%(5.80c – 9.30c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
14 Sept 2011admin correction● Neutral
Central says its capital raising announcement will now come after trading starts on Thursday 15 September 2011, later than the earlier suspension request anticipated, because extra time is needed. No raising details given yet.
12 Sept 2011capital raising announcement● NeutralMajor
At Central's request, CTP shares and CTPO options are suspended from 13 September 2011 pending an announcement of a material capital raising, for up to two trading days (to 15 September). Size and price are not yet disclosed; it follows the failed SPP and ACBO termination.
9 Sept 2011investor presentation● Neutral
Transcript of a Finance News Network interview with the MD. He gives a market cap of $70 million and says drilling should resume in four to five weeks, with Surprise re-entry. It largely repeats known resource claims; no new results.
6 Sept 2011investor presentation● Neutral
Central releases a Bakers Investment Group valuation overview, available on its website; the announcement gives no valuation figures. It repeats the Surprise, Mt Kitty and Madigan well plans and says Simpson East (350 MMbbl P50) is being worked up as an alternative or addition to Madigan.
1 Sept 2011resource reserve update▲ GoodMajor
An interim independent valuation by Mulready Consulting puts the upstream value of Central's risked Amadeus and Southern Georgina unconventional resources at $412m, and a possible GTL plant at $5bn if about 5 TCF of gas is found. Early-stage; Surprise re-entry is now late September.
25 Aug 2011investor presentation● Neutral
Notice of a Finance News Network broadcast on 25 August 2011 with the managing director. The announcement carries no new results or figures.
24 Aug 2011investor presentation● Neutral
Notice of a BRR webcast on 24 August 2011 with the managing director giving an exploration and corporate update. The announcement carries no new results or figures.
22 Aug 2011capital raising announcement● NeutralMajor
Central mandates Canaccord Genuity and Cormark Securities as financial advisers for a proposed TSXV listing in Q4 2011 to Q1 2012. Surprise-ST1 re-entry is now 'contingent', mid to late September. A 12-18 month programme includes Mt Kitty-1 and Madigan-1. Listing is not yet done.
18 Aug 2011drilling scheduled● Neutral
Central releases a technical note saying conventional plays in the southern Georgina Basin could hold targets of hundreds of millions of barrels. It says Rig 6 should be available mid to late September, with the contract expected within 7-10 days. Drilling plan unchanged.
5 Aug 2011drilling scheduled▲ GoodMajor
Central signs a Letter of Intent with Australian Drilling Services to contract Rig 6 for up to three wells from mid-September 2011: Surprise-1 re-entry, then Madigan (4 bn bbl P50) and Mt Kitty (2 TCFG P50). Contract is not final; conditions remain, including rates and terms.
29 July 2011other● Neutral
Central names advisers for its planned TSX Venture Exchange listing: Blake, Cassels & Graydon (Canadian law), Allen & Overy (Australian law) and PricewaterhouseCoopers (Australian and Canadian financial and tax). Continues the listing preparation; no timing or funding stated.
26 July 2011material agreement● Neutral
Central appoints Ryder Scott, Canada, to estimate hydrocarbon resources across its Amadeus, Pedirka, Wiso and Southern Georgina Basin interests, mainly for the planned TSX Venture Exchange listing. It clarifies the Canadian listing will be on the TSXV, not the Toronto Stock Exchange.
22 July 2011investor presentation● Neutral
Central points to an independent valuation of its shorter-term exploration goals on its website and attaches an updated exploration overview presentation. The announcement text itself gives no new results or figures.
18 July 2011drilling scheduled● Neutral
Central releases a note on a fractured-basement oil play and says it has secured casing for the three-well programme. It expects to pick a rig within a fortnight and re-enter Surprise-1 in late August or early September, aiming to finish all three wells before the wet season.
7 July 2011resource reserve update● Neutral
Technical note puts Madigan at 4 billion barrels best-estimate undiscovered oil in place, about one-third in EP 97 (Central 80%) and two-thirds in EP 93 (100%), needing a unitisation deal with Rawson. Simpson East is 350 million barrels. Madigan is to be drilled first in late 2011.
5 July 2011director officer appointment● Neutral
Trevor Shortt, formerly of Bengal Energy, replaces Stewart Bayford, who resigned, as Exploration Manager. Central expects to name a drilling contractor within weeks for its six-month programme: Surprise-1 re-entry, Mt Kitty and Madigan-1. Continues the build-up of North American expertise.
4 July 2011investor presentation● Neutral
Central points to an independent Bakers Group valuation of its Pedirka Basin coal in the context of underground coal gasification, available on its website. The announcement itself gives no valuation figures.
27 June 2011material agreement▲ GoodMajor
Central signs an exclusive Deed of Cooperation with Allied Resource Partners to seek funding and technology partners for underground coal gasification and gas-to-liquids projects in the Pedirka Basin. Stage 1 targets 60,000 bpd at about $7.5bn, needing an undrilled 4 bn tonne resource. Early-stage, with no funding committed.
3 June 2011material agreement termination▼ BadMajor
Central has terminated its November 2007 bond subscription agreement with ACBO, which it had drawn on to fund exploration. It cites its cash flow outlook, need for significant funding and ability to raise funds. This closes the ACBO bond facility, a funding source.
1 June 2011investor presentation● Neutral
Notice of an audio broadcast on 1 June 2011 of the managing director discussing the Lander Trough maturation modelling report. Carries no new results or figures.
26 May 2011admin correction● Neutral
Amended re-release of the 26 May Lander Trough maturation modelling announcement. The visible text matches the original, so no change is apparent and no new figures are given.
26 May 2011resource reserve update▲ Good
Central releases maturation modelling suggesting up to about 11 million acres of its Lander Trough (Wiso Basin) applications may lie in the oil window. Source-rock equivalents of the Georgina Basin shales are confirmed present. Permits EPAs 92, 129 and 160 remain ungranted, pending Central Land Council talks.
25 May 2011other● Neutral
Central notes that a short independent broker research report from Patersons is available on its website. The announcement itself carries no new results, figures or company news.
24 May 2011investor presentation● Neutral
Notice of a Finance News Network broadcast on 24 May 2011 about exploration plans and Central's acreage position. It repeats the planned Toronto listing and carries no new results.
23 May 2011director officer appointment● Neutral
Central adds consultant Stephen Fiske, an air-hammer drilling specialist, to the team for the planned three-well liquids drilling programme. It repeats the Georgina resource figures and TSX listing plans.
18 May 2011investor presentation● Neutral
Central releases a May 2011 drilling update and TSX listing presentation tailored for North American and Australian supporters. The announcement itself carries no new results; the slides were truncated.
16 May 2011other● NeutralMajor
Central says it is conditionally planning a Toronto Stock Exchange listing to seek North American partners and capital, citing growing Canadian holders and what it calls an undervalued share price. No commitments yet. Funding follows the failed SPP.
11 May 2011director officer appointment▲ Good
Central appoints Al Thorsen as Chief Operating Officer, a North American drilling executive, pending his work visa, plus a geophysicist and other technical staff. This builds in-house capacity for the planned drilling campaign.
27 Apr 2011resource reserve update▲ GoodMajor
Technical note interprets Devonian reef and platform oil plays in the Pedirka Basin with 6 billion barrels best-estimate undiscovered oil in place, mostly in EP 97 (Central 80%, Rawson 20%). In-house and undrilled. Central says it has farm-in interest from majors and state-owned firms.
27 Apr 2011investor presentation● Neutral
Notice of an audio broadcast on 28 April 2011 of the managing director discussing the technical note and 2011 exploration plans. No new results or figures.
