extended to the 25th of january 2012., page-2

FINAL SHARE PURCHASE PLAN EXTENSION
Central Petroleum Limited (ASX:CTP) (“Central” or the “Company”) advises
shareholders that due to the continuation of horizontal drilling and testing operations at
Surprise 1 ST-1 the closing date for the Share Purchase Plan (SPP) has been
extended to the 25th of January 2012.
The previous closing date of the SPP was 16 December 2011, which occurs during the
planned horizontal drilling, flow testing and evaluation phase of the Surprise 1 ST-1
well. The results of electric log analysis, coring and visual observations of cuttings and
mud flow from the well have allowed a positive assessment of a prospective oil flow
from the well to the extent that a 700m lateral section is planned to commence on or
about the 17th of December 2011.
It is believed to be in the best interests of the Company’s shareholders to extend the
closing date of the SPP to the 25th of January 2012 to enable shareholders to fully
consider the final drilling and testing results of the Surprise 1 ST-1 well.
As a result, the terms and conditions of the SPP are amended such that SPP
applications must be received by the Share Registrar by 5.00pm (WST) on 25 January
2012. Applications received after that time may not be accepted.
The Company advises that this is the final extension of the Share Purchase Plan.
The Company has been advised by Patersons Securities Limited that the Underwriting
Agreement for the first $5.5 million of the SPP will be extended to the revised closing
date of 25 January 2012 unless it is withdrawn pursuant to various terms of the
agreement including but not limited to market conditions, Central’s Share Price and
other considerations.
John Heugh
Managing