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$86.6m
Last closeA$0.20
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
Actual17.60.0102.0
Relative *14.7(2.2)77.6

* % Relative to local index

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Company news

How Financially Strong Is Central Petroleum Limited (ASX:CTP)?

Tue, 21 Mar 2017 07:07:30 GMT

Central Petroleum Limited (ASX:CTP) Interim Financial Report

Wed, 08 Mar 2017 03:00:00 GMT

Central Petroleum Limited (ASX:CTP) Quarterly Activities Report & Appendix 5B

Fri, 27 Jan 2017 05:37:30 GMT

Is Central Petroleum Limited (ASX:CTP) A Financially Sound Company?

Tue, 24 Jan 2017 02:33:23 GMT

Why Macquarie Group Ltd wants to buy Central Petroleum Limited

Mon, 14 Nov 2016 02:34:07 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 02/03/2017

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 02/03/2017

Key management

Company address

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