Ann: Central Petroleum Announces A$27m Equity Raising, page-2

10 c/share at ratio of 5 for every 12 owned to raise 18 million

Already 9.2 million raised from institutional investors

Total target 27 million for drilling program to increase reserves

Finally an action plan or is it a plan for action.... either way time for everyone to stump up. Those who believed the MB price was a ripoff, it is time to put your money where your mouth is.

Just happy their is a drilling plan with a clear timeline, happy institutional investors are interested by stumping up 1/3 of the target already. Will be happy when the drills break ground and will be really happy with increased proven reserves.

Cheers
R