Ann: Production Transport at Surprise Oil Field, page-2

Central Petroleum Limited (ASX:CTP) (“Company” or “Central”), has reached agreement with
IOR Transport Pty Ltd for the domestic transportation of the crude produced at Surprise West.
This new arrangement will cut the costs of transportation by over 20%.
Production at Surprise has remained stable at around 180 BOPD with the last 2 weeks
averaging 175.6 BOPD with a water cut of 15.6%.
“As all of our costs are in Australian dollars, the weakening of the Australian dollar against the
US dollar and the over 20% reduction in our transportation costs has essentially preserved the
economics of the Surprise West field” said Richard Cottee, Managing Director of Central.