Page 3 - Leon Devaney News Today

Central Petroleum has released its Interim Report for the half year ended 31 December 2021, reporting a net profit after tax of $30.5 million and underlying EBITDAX of $10 million. The statutory profit included a $36.6 million profit on the partial sale of the Amadeus Basin production assets and exploration costs of $10.1 million.

Central Petroleum, Australian Gas Infrastructure Group (AGIG) and Macquarie Group have signed a memorandum of understanding (MoU) to progress towards a final investment decision (FID) for the development of the Amadeus to Moomba gas pipeline (AMGP) project.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises it has today completed the sale of 50% of its interests in its Amadeus Basin producing gas and oil fields to New Zealand Oil & Gas Limited (ASX:NZO) (NSE::NZO) and Cue Energy Resources Limited (ASX:CUE).

New Zealand Oil and Gas and Cue Energy have picked up 50% interest in Centrals three producing fields in Australias Northern Territory.

Central Petroleum Limited (ASX:CTP) Project Range Update    Three Well Pilot Program All three wells have been operating continuously since commencement of pumping on 14 June 2021. Well drawdown was gradually increased via a controlled reduction in the fluid level, which is now just above the pumps. Gas breakthrough was observed in the annulus immediately upon commencement of pumping. This was earlier than expected and indicates the presence of coals that are fully saturated with gas. Sho...

Central Petroleum Limited (ASX:CTP) Half Year Results - Reports $2.5 Million Net Profit    Half Year Results: Central reports strong cash position and $2.5 million net profit Half Year Results - Reports $2.5 Million Net ProfitBrisbane, Feb 23, 2021 AEST (ABN Newswire) - Central Petroleum Limited ( OTCMKTS:CNPTF) today reports a net profit after tax of $2.5 million for the half year to 31 December 2020, continuing solid financial performance despite the market downturn experienced in 2020. ...

Australia: Central Petroleum announces half-year results 23 Feb 2021 Central Petroleum has reported a net profit after tax of $2.5 million for the half year to 31 December 2020, continuing solid financial performance despite the market downturn experienced in 2020. This is up 15% on the previous half yeardue to lower exploration activity, corporate cost savings and lower interest and depreciation charges. Earnings Before Interest, Tax, Depreciation, Amortisation and Exploration was $12.9 millio...

Central Petroleum Limited (ASX:CTP) Dukas Progress Update    OTCMKTS:CNPTF) has been advised by Santos QNT Pty Ltd ( ASX:STO) as the Operator of the EP112 Joint Venture ("EP112 JV") (Santos 70% / Central 30%) that it requires further time to complete technical studies before a proposal can be put forward for EP112 JV approval in relation to further drilling at the Dukas prospect. No definitive guidance has been provided by Santos in relation to timing for EP112 JV approval on the Dukas dri...

Central Petroleum Reports Profit Drop in Jul-Dec Australian explorer Central Petroleum on February 23 reported a net profit of A$2.5mn (US$2mn) during the six months to December 31 (H1), down 20.7% year/year owing to lower product prices and reduced sales volume.    The company’s gas sales volume was 4,890 terajoules, down from 6,863 terajoules while 0il and condensate sales volume dropped 23.9% yr/yr. Sales revenue was down 19% yr/yr.  Meanwhile, the company said that Santos, which oper...