announcement out

30 September 2010
Company Announcements Platform
ASX Limited
Level 8, Exchange Plaza 2 The Esplanade PERTH WA 6000
Via ASX Online
CENTRAL PETROLEUM LIMITED PLACEMENT? NOTICE PURSUANT TO SECTION 708A(5) OF THE CORPORATIONS ACT
On 30 September 2010, Central Petroleum Limited (Company) issued 75,000,000 fully paid ordinary shares at 8.6 cents per share by way of a placement to sophisticated and institutional investors to raise $6,450,000 pursuant to Section 708 of the Corporations Act 2001 (Cth) (Corporations Act).
Notice under section 708A(5)(e) of the Corporations Act
In accordance with Section 708A(5)(e) of the Corporations Act, the Company hereby advises that, in relation to the issue of those 75,000,000 shares:
(a)
the Company issued the 75,000,000 shares without disclosure to investors under Part 6D.2 of the Corporations Act;
(b)
this notice is given under Section 708A(5)(e) of the Corporations Act;
(c)
as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;
(d)
as at the date of this notice, the Company has complied with section 674 of the Act;
(e)
as at the date of this notice, there is no information:
(i)
that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
(ii)
that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
(A)
the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
(B)
the rights and liabilities attaching to the shares.