Top Page
Central Petroleum Limited
(Sydney:CTP)
Central Petroleum Limited (CTP) vs. S&P 500 (SPY)
Central Petroleum Limited Business Overview & Revenue Model
Central Petroleum Limited Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 37.15M | 39.26M | 42.15M | 59.83M | 65.05M | Gross Profit |
| 16.54M | 12.85M | -12.48M | 6.17M | 4.34M | EBIT |
| 2.41M | 12.85M | -13.52M | 3.38M | 2.14M | EBITDA |
| 24.06M | 3.65M | 32.39M | 18.43M | 28.10M | Net Income Common Stockholders |
| 12.42M | -7.96M | 21.32M | 251.00K | 5.41M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 24.98M | 13.83M | 21.65M | 37.16M | 25.92M | Total Assets |
| 103.64M | 98.13M | 122.29M | 174.17M | 159.77M | Total Debt |
| 24.21M | 28.15M | 31.81M | 68.32M | 72.00M | Net Debt |
| -772.00K | 14.33M | 10.16M | 31.16M | 46.08M | Total Liabilities |
| 71.08M | 78.74M | 95.76M | 170.48M | 158.19M | Stockholders Equity |
| 32.55M | 19.39M | 26.53M | 3.69M | 1.58M |
| Cash Flow | Free Cash Flow | |||
| 3.92M | -4.91M | -7.15M | 17.65M | 12.50M | Operating Cash Flow |
| 6.86M | -2.06M | 3.64M | 24.14M | 15.73M | Investing Cash Flow |
| 9.45M | -1.50M | 17.41M | -8.04M | 4.68M | Financing Cash Flow |
| -5.15M | -4.27M | -36.56M | -4.85M | -12.29M |
Central Petroleum Limited Technical Analysis
Central Petroleum Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $19.05B | 10.20 | 7.94% | 5.98% | -7.99% | -12.27% | |
62 Neutral | $18.40B | 12.89 | 14.75% | 5.55% | 8.09% | -13.99% | |
56 Neutral | $6.99B | 3.67 | -4.87% | 5.88% | 0.18% | -49.70% | |
56 Neutral | $2.69B | 28.59 | 2.70% | 4.27% | 6.43% | ― | |
50 Neutral | AU$46.95M | 630.00 | 0.25% | ― | -15.16% | -99.57% | |
47 Neutral | $187.85M | 17.54 | 3.89% | ― | ― | ― |
Central Petroleum Limited Corporate Events
Central Petroleum Limited reported a successful quarter ending March 31, 2025, with the commissioning of two new gas wells at Mereenie exceeding production expectations and coming in under budget. Despite steady sales volumes, the company saw a 22% increase in sales revenue to $11.4 million due to higher average unit sales prices driven by new gas contracts. The lapse of a conditional gas sale agreement with Arafura has led Central and its joint venture to seek new customers for future gas production, which may impact future market positioning.
Echelon Resources Limited announced that its conditional Gas Sales Agreement with Arafura Rare Earths has lapsed due to unmet conditions related to Arafura’s final investment decision. As a result, Echelon, along with its Mereenie Joint Venture partners, has decided to re-market the gas, maintaining a positive relationship with Arafura and expressing continued support for the Nolans Project. This decision reflects Echelon’s focus on production and development certainty and may impact its operational strategy and market positioning.
Horizon Oil Limited, a company involved in the oil and gas industry, has announced that the gas supply agreement for Arafura’s Nolans rare earths project has lapsed due to unmet conditions. As a result, Horizon and its Mereenie joint venture partners will re-market the gas originally intended for the Nolans project to other customers in the Northern Territory and the East Coast, starting in 2028.
Central Petroleum Limited announced that the gas supply agreement for Arafura’s Nolan’s rare earth project has lapsed due to unmet conditions, prompting the company and its Mereenie joint venture partners to re-market the gas for sale to other customers in the NT and east coast. This decision underscores Central’s commitment to providing reliable long-term gas supplies, crucial for funding and developing major capital projects, thereby enhancing its positioning in the NT and broader east coast gas markets.
Central Petroleum Limited has announced a significant improvement in its financial position, highlighted by a strong balance sheet and reduced debt. The company has successfully refinanced its loan, extending it for five years until the end of 2029, which provides financial security and flexibility for future investments. This strategic move is expected to smooth out cash flow, reduce debt servicing costs by 65% by 2025, and allow for potential early debt retirement, enhancing the company’s operational capabilities and shareholder returns.
Central Petroleum Limited will host an online presentation on March 14, 2025, to discuss its half-year results and recent activities. The session, led by Managing Director Leon Devaney and CFO Damian Galvin, will include a Q&A segment, allowing attendees to engage directly with the company’s leadership.
Central Petroleum Limited reported a 7% increase in Underlying EBITDAX to $8.6 million for the half year ending December 2024, with a statutory net profit after tax of $1.5 million. The company secured new long-term gas sales agreements with the Northern Territory Government, increasing cash flow reliability and lifting average portfolio prices. Additionally, the restructuring of its loan facility and successful drilling at Mereenie have enhanced production capacity, positioning the company for a stronger second half of FY2025.
Central Petroleum Limited has released its interim report for the half-year ending December 31, 2024. The report provides insights into the company’s financial performance and operational activities during this period. While specific financial details are not disclosed in the summary, the release highlights the company’s continued focus on optimizing its energy assets and exploring growth opportunities within the industry. This report is crucial for stakeholders as it outlines the company’s strategic direction and potential impact on its market positioning.
Central Petroleum Ltd has completed the drilling of the West Mereenie 30 well in the Mereenie Joint Venture, with gas sales expected to commence soon. This marks the end of a successful two-well drilling campaign that has been completed on time and under budget. The Mereenie field’s production capacity is expected to exceed 30TJ/d, supporting a long-term Gas Sales Agreement with the Northern Territory Government. Andrew Jefferies, Chief Executive of Central Petroleum, praised the campaign as a potential game changer for Mereenie, highlighting the collaborative effort of the Joint Venture and the drilling contractor Ventia.
Horizon Oil Limited announced the successful completion of the WM30 well, part of the Mereenie Development Program. This achievement, along with the WM29 well, is anticipated to enhance gas supply capabilities under the Northern Territory Government Gas Sales Agreement. The completion supports the company’s strategic positioning in the energy market and highlights its operational efficiency, as the drilling was finished on time and within budget.
Central Petroleum Limited has completed the drilling and completion of its second Mereenie production well, WM30, with the Ventia Rig 101 released on February 19, 2025. The well was drilled to a depth of 1,620 meters and is expected to be tied into the Mereenie production facilities in early March. The first well, WM29, exceeded expectations with a production rate of 5 TJ/d, and WM30 is anticipated to perform similarly. The drilling program was completed ahead of schedule and under budget, positioning Central Petroleum favorably in the tight gas market as it seeks to enhance production capabilities.