announcement out

ASX ANNOUNCEMENT ASX CODE: CTP
24 January 2011
TO: The Manager, Company Announcements ASX Limited
CONTACT: John Heugh +61 8 9474 1444
CENTRAL CONTINUES WITH COAL STRATIGRAPHIC PROGRAMME
Central Petroleum Limited (ASX:CTP) (Central), as Operator has pleasure in
providing this update for the coal stratigraphic drilling programme.
Central Petroleum as operator of mineral tenement EL 27109 reached a TD (total
depth) of 1,128.59m RT (depth from rotary table) on Saturday 22 January 2011. The
hole, the second of four planned fully cored stratigraphic mineral holes in the Pedirka
Basin, intersected a total of 75m of coal based on preliminary site interpretations. The
thickest coal seam intersected was c.18m in thickness.
The hole SHEL27109-1 is located at latitude 24 degrees 46 minutes 56.243 seconds,
longitude 136 degrees 0 minutes 38.736 seconds and Merlin Coal Pty Ltd, a wholly
owned subsidiary has a 100% net interest in the permit.
The third hole in the programme, SHEL28095-1, is anticipated to be spudded in a few
days, and represents a departure from the original proposed programme, being the first
well in a recently granted permit, EL 28095, thought to overlie relatively shallower coal
than the previously planned holes in EL27114.
The location of hole SHEL28095-1 is:
Lat: 24 degrees 33 minutes 55.08 seconds
Long: 136 degrees 0 minutes 32.399 seconds
GDA94 Z53
The hole SHEL27109-2 was drilled to a depth of 1,209m MD prior to Christmas 2010
when the drilling contractor stood down for the Christmas/New Year break. The hole
intersected approximately 33m of nett coal seams greater than 1m in thickness.
A summary of awarded mineral tenements and those under application is provided
below:
John Heugh
Managing Director
Central Petroleum Limited