Past year: ▼ 6%(5.80c – 9.30c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
27 July 2026drilling spud▲ GoodMajor
PV14, the first of two Palm Valley appraisal wells, spudded on 25 July 2026. The two-well campaign should take about 4.5 months, with first gas targeted October 2026. The wells aim to restore plant sales capacity to about 14 TJ/d, with at least 10 PJ over their lives.
27 July 2026drilling spud● Neutral
Partner Cue reports PV14 spudded on 25 July 2026, with the programme taking about 4.5 months and first gas targeted October 2026. Partner-side repeat of Central's announcement; Cue holds 15%.
27 July 2026drilling spud● Neutral
Partner Echelon reports PV-14 spudded on 25 July 2026 as the first of two wells, running about 4.5 months. Expected to return field output to about 14 TJ/d and produce at least 10 PJ. Partner-side repeat.
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.
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.
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.
16 Jan 2025drilling result● Neutral
Partner Horizon repeats that WM29 was completed, with casing set at 1,213.4 m and drilling to 1,326.3 m TVDRT through Pacoota-3, and WM30 spudded 16 January. Tie-in expected toward end of January. Repeats Central's news.
16 Jan 2025drilling result● Neutral
Partner Echelon repeats that WM29 was completed and WM30 spudded, with both wells expected online in Q1 2025. Adds that initial results suggest the underbalanced drilling technique is working. Mostly repeats Central's news.
16 Jan 2025drilling result▲ GoodMajor
WM29 was air-drilled and completed across the Pacoota-3 sandstones, with tie-in expected late January, earlier than planned because of NT gas shortages. WM30 spudded 16 January 2025. Flow rates not yet reported.
16 Jan 2025drilling result● Neutral
Partner Cue (7.5% interest) repeats Central's news that WM29 was completed and WM30 spudded on 16 January 2025. No new information.
5 Dec 2024drilling spud▲ GoodMajor
WM29, the first of two Mereenie development wells, spudded 5 December 2024. The two wells are expected to lift field capacity back above 30 TJ/d (100% JV) and produce at least 25 PJ, with up to 6 TJ/d extra sellable under the NT contract. Starts the drilling flagged since August.
5 Dec 2024drilling spud● Neutral
Partner Horizon confirms WM29 spud and says the two-well programme should take about two to three months. Horizon funds its share from existing cash. Repeats Central's announcement with partner detail; no new Central information.
5 Dec 2024drilling spud● Neutral
Partner Echelon confirms WM29 spud, with about 30 days planned per well and online expected in Q1 2025. Targets are 1,450 mMD for WM29 and about 1,681 mMD for WM30. Repeats Central's announcement with partner detail.
15 Aug 2024drilling scheduled▲ GoodMajor
Mereenie JV approved two development wells (West Mereenie 29 and 30), lifting capacity from 27 TJ/d to over 30 TJ/d. Central's 25% share costs about $8M, funded from cash. Drilling is expected to start around end-2024, with gas in the first half of 2025.
27 July 2023resource reserve update▲ Good
Partner NZOG reports its share of Palm Valley 2P reserves up 14% to 2.1 mmboe after PV-12, and Dingo up 13% to 3.5 mmboe. This is the partner's view of fields Central operates; Central's own booking follows the same day.
27 July 2023resource reserve update▲ GoodMajor
Central's 2P gas reserves rose 8% before production to 75.0 PJe (1P 62.7) at 30 June 2023, on the PV-12 well at Palm Valley (2P 13.4 PJ) and Dingo remodelling (2P 21.9 PJ). This delivers the reserves booking expected from PV-12. Mereenie unchanged.
18 Apr 2023resource reserve update▲ GoodMajor
Central estimates its share across the three sub-salt wells at 44.8 bcf helium, 56.7 bcf hydrogen and 272 bcf natural gas. Only Jacko Bore's 2C contingent portion (4.3 bcf helium) is contingent; the rest is undiscovered prospective resource, carrying discovery risk. Peak carries Central up to $4.8M (Jacko Bore) and $5.8M (Mahler).
31 Mar 2023farm in farm out completion▲ GoodMajor
The Peak Helium farmout completed on 31 March 2023, resolving the long-delayed condition. Post-farmout interests: EP82 Central 29%, EP112 35%, EP125 24%. Peak free-carries Central for the Mahler and Jacko Bore wells (capped at $20M gross each); drilling is targeted for late 2023 or early 2024.
11 Oct 2022drilling progress report▲ Good
Palm Valley-12 P1 sidetrack reached total depth of 3,039m on 8 October and was being cleaned up for a further flow test. After testing, production tubing will be run to complete it as a gas producer.
11 Oct 2022drilling progress report▲ Good
NZOG repeats Central's update: Palm Valley-12 P1 sidetrack reached total depth of 3,039m on 8 October and was being cleaned up ahead of a further flow test. It will then be completed as a gas producer.
27 Sept 2022drilling progress report▲ Good
Palm Valley-12 P1 sidetrack reached 2,063m on 26 September, about 200m into the P1. Gas is seen throughout the section and flared, but no flow rate has been measured. The first sign of gas after the failed P2/P3 lateral.
27 Sept 2022drilling progress report▲ Good
NZOG repeats Central's update: Palm Valley-12 P1 sidetrack reached 2,063m on 26 September, about 200m into the P1. Gas is being encountered throughout and flared; no flow rate measured yet. Drilling continues laterally for several hundred metres.
20 Sept 2022drilling progress report● Neutral
Palm Valley-12 P1 sidetrack finished the 8.5-inch section at 1,860m by 19 September. The 7-inch liner is being run and cemented before the 6-inch P1 section is drilled. Repeats the previous day's update; no new result.
20 Sept 2022drilling progress report● Neutral
Palm Valley-12 P1 sidetrack finished the 8.5-inch section at 1,860m by 19 September. The 7-inch liner is being run and cemented before drilling the 6-inch P1 section. No gas result yet.
13 Sept 2022drilling progress report● Neutral
Palm Valley-12 P1 sidetrack reached 1,733m on 12 September, having drilled 402m. The build section is expected to finish at 1,860m before a 7-inch liner is set. No new result.
13 Sept 2022drilling progress report● Neutral
NZOG repeats Central's update: the Palm Valley-12 P1 sidetrack was at 1,733m on 12 September, having drilled 402m of the 8.5-inch section. The build section is due to finish at 1,860m.
6 Sept 2022drilling progress report● Neutral
The Palm Valley-12 P1 sidetrack (ST2) began and was at 1,428m on 5 September, having drilled 97m. The P1 is the current producing formation, so success would be tied into existing facilities. Follows the failed P2/P3 lateral.
6 Sept 2022drilling progress report● Neutral
NZOG repeats Central's update: the Palm Valley-12 P1 sidetrack was at 1,428m on 5 September, having drilled 97m. A successful P1 lateral would tie into existing production facilities.
30 Aug 2022drilling progress report● Neutral
The failed P3 lateral at Palm Valley-12 was plugged and abandoned by 29 August. Preparations continue for a sidetrack into the producing P1 formation, to be tied into existing facilities if successful.
30 Aug 2022drilling progress report● Neutral
NZOG repeats Central's update: the Palm Valley-12 P3 lateral was plugged and abandoned by 29 August. Preparations continue for a sidetrack into the producing P1 formation.
