At the cliff face, page-2

Richard Cottee said of his appointment, “I am enormously excited about the prospect of
leading Central Petroleum, a company with one of the largest holdings of exploration
acreage in Australia. Central Petroleum has a talented team and outstanding asset
potential. These changes will deliver a unified company, sharply focused on unlocking
the value of these assets. As a cohesive unit, with additional support from my team at
Freestone, the substantial task of delivering shareholder value should be completed
more rapidly and expediently than otherwise.”