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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. This is up 15% on the previous half year due to lower exploration activity, corporate cost savings a...

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 million. This is an increase of 51% on the previous six months to 30 June 2020 excluding the benefit of th...

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 drilling program. As Central announced on 16 July 2020, the intention of the EP112 JV was to make a de...

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 operates the Dukas prospect in EP112 in the Northern Territory’s Amadeus basin, requires further time ...