Central Petroleum (CTP)

Business description

Central Petroleum Limited is an Australia-based oil and gas exploration company. The principal activities of the Company consist of development, production, processing and marketing of hydrocarbons, and associated exploration. The Company's operating segments include Gas Producing assets, consisting of its natural gas assets; Oil Producing assets, which consists of its crude oil assets; Development assets, which includes fields under development in preparation for the sale of petroleum products, and Exploration assets, which includes exploration and evaluation of permit areas. The Company's assets include the Palm Valley Gas Field, Mereenie Oil and Gas Field, EP 125, Surprise Oil Field, Dingo Gas Field and Dingo Pipeline in Northern Territory; ATP909, ATP911 and ATP912 in Southern Georgina Basin, Queensland; EP82, EP105 and EP106 in Southern Amadeus Basin, Northern Territory, and various exploration application areas in Amadeus, Pedirka and Wiso Basins.

Stock data

Market cap.A$75.8m
Last closeA$0.18
High / Low (52 weeks)A$0.2 / A$0.1
Stock market listingAU
Forecast net cash (A$m)5.7
Forecast gearing ratio (%)N/A
TeamResources - Oil & Gas
SectorOil & Gas

Price performance

%1m3m12m
Actual(12.5)0.092.3
Relative *(11.4)(0.7)79.4

* % Relative to local index

Other companies in sector Show

88 Energy Activa Resources
ADX Energy Afren
African Petroleum Corporation Aminex
Andes Energia Antares Energy
Athabasca Resources AusTex Oil
AWE Azonto Petroleum
Bankers Petroleum Bitesize Briefing
BNK Petroleum Bowleven
Bridge Energy Buru Energy
Cairn Energy Canacol Energy
Canadian Overseas Petroleum Canoel International Energy
Cap Energy Carbon Energy
Carnarvon Petroleum CBM Asia Development
Challenger Energy Coastal Energy
Cooper Energy Core Laboratories
Cue Energy Denbury Resources
DEO Petroleum Deutsche Rohstoff
Dragon Oil Drillsearch Energy
Egdon Resources Elk Petroleum
Energy XXI Exillon Energy
Exoma Energy Falkland Oil & Gas
Faroe Petroleum Fastnet Oil & Gas
Forum Energy Gasol
Genel Energy Genie Energy
Great Eastern Energy Corporation Green Dragon Gas
Greka Drilling Gulf Keystone Petroleum
Gulfsands Petroleum Hawkley Oil & Gas
High Peak Royalties Hurricane Energy
Hydrodec Group IPB Petroleum
Ithaca Energy JKX Oil & Gas
Karoon Gas Kea Petroleum
Kina Petroleum Kreuz Holdings
Lansdowne Oil & Gas Leed Petroleum
Leigh Creek Energy LGO Energy
Lion Energy Liquefied Natural Gas Limited
Lochard Energy Madagascar Oil
Madalena Energy MEC Resources
Mediterranean Oil & Gas MEO Australia
Mosman Oil and Gas Nautical Petroleum
New Standard Energy New Zealand Oil & Gas
Nido Petroleum Nighthawk Energy
North Sea Energy Northern Petroleum
Norwest Energy Otto Energy
Pacific Rubiales Parex Resources
Petrel Energy Petroceltic
Petromanas Energy Petrominerales
Po Valley Energy Premier Oil
President Energy Pura Vida Energy
Quadrise Fuels International Ramba Energy
Range Resources Real Energy
Real Energy Corporation Regal Petroleum
Rockhopper Exploration SacOil Holdings
Salamander Energy SDX Energy
Sefton Resources Senex Energy
Sequa Petroleum ShaMaran Petroleum
Simba Energy SOCO International
Solo Oil Sound Oil
Sterling Energy Stratic Energy
Tethys Petroleum Touchstone Exploration
Tower Resources TransAtlantic Petroleum
TransGlobe Energy Valiant Petroleum
Victoria Oil & Gas Wentworth Resources
WestSide Corporation Xcite Energy

Company news

Central Petroleum Limited (ASX:CTP) EDL Gas Supply to Commence

Thu, 25 May 2017 23:03:45 GMT

Central Petroleum Limited (ASX:CTP) Gas Transportation Agreement Signed for ...

Tue, 09 May 2017 00:11:15 GMT

Central Petroleum Limited (ASX:CTP) Santos Increases Its Interest in EP(A)111 ...

Tue, 02 May 2017 23:03:45 GMT

Central Petroleum Limited (ASX:CTP) Signs 9.85PJ Gas Supply Agreement

Tue, 25 Apr 2017 23:26:15 GMT

Central Petroleum Limited (ASX:CTP) Unanimously Recommends Improved Macquarie ...

Thu, 09 Mar 2017 23:26:15 GMT

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (fd) (c) P/E (x) P/CF (x)
2011A 0.0 (37.2) (36.6) (3.8) N/A N/A
2012A 0.0 (25.8) (25.7) (2.2) N/A N/A
2013E 0.0 (11.2) (11.4) (0.7) N/A N/A
2014E 0.0 (7.0) (7.1) (0.4) N/A N/A

Last updated on 16/11/2016

Latest research

Activity poised to gather pace

Update | Oil & Gas | 03/05/2013

Delivering on the promise?

Update | Oil & Gas | 21/11/2012

Central Australia play

Outlook | Oil & Gas | 19/03/2012

Investment summary

Board approval has recently been given for developing the $5m Surprise West project in the Amadeus Basin. A production licence is expected to be granted by the end of Q3, with the production start-up probably following by the end of 2013. We would expect Surprise production to be over 500 b/d with payback in around nine months. Significantly, Central Petroleum (CTP) is also engaged in Surprise farm-out discussions, which could be a prelude to the appraisal of the eastern zone of the property. This offers the prospect of a material expansion in the current modest 2P reserves of 1.1mm barrels. Meanwhile, the JVs with Santos and Total are now unconditional, paving the way for work to begin in earnest. CTP has indicated that its spending requirements are underpinned by expected cash flow in CY13.

Last updated on 02/05/2017

Industry outlook

CTP's farm-outs to Total and Santos follow similar deals in 2011/12 for Hess, ConocoPhillips and Statoil, affirming the interest global players now have in Australia's emerging oil and gas plays.

Last updated on 02/05/2017

Key management

Company address

56 Jephson Street,
Toowong
Queensland
QLD 4066
Australia
+61 7 3181 3800
View website