Correction of false media informationCentral Petroleum Limited...

Correction of false media information
Central Petroleum Limited (ASX:CTP, ‘Central’) believes shareholders need to be properly informed about certain incorrect Bloomberg online media reporting.

Central’s Managing Director, Richard Cottee, is not a director of QGC Pty Ltd. Richard served as QGC’s Managing Director from 2002 when its share price was around 25c until his resignation on 27 November 2008 when the company was acquired by UK-based BG Group for $5.75 per share, delivering a significant uplift in the share price.

These returns were achieved by developing a strategy for company development and efence by:
? Focusing company resources on exploration and development
? Eliminating non-core company expenditure
? Arranging farm-out agreements to alleviate the internal requirements for capital to fund exploration wells necessary to preserve the company's rights to highly
prospective exploration tenements

These steps protected shareholders from dilutive capital raisings and preserved QGC’s acreage without over-extending the company’s balance sheet.

At QGC Mr Cottee mounted a strenuous defence against a takeover proposal from Santos, and conducted numerous asset sales, notably to AGL and BG Group, which maximised
shareholder value while providing further growth opportunities for shareholders.

Shareholders should continue to refer to the Central website and the ASX as their prime sources of information about the company because of the strict requirements for legal
accuracy.