CTP 0.00% 5.2¢ central petroleum limited

late announcement, page-2

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    Central has acreage with 100tcfg potential conventional, unconventional and CBM gas UGIIP, multi billion UOIIP oil upside and potentially very lucrative Helium plays

    •Central is well funded via existing farminpartners,( more partners under discussion) a rolling convertible bond facility up to $80,000,000, more immediate funding is not an absolute priority butis seeking a “cornerstone investor”to help stablisethe register going forward

    •Central is conditionally prepared to offer a “package”to the right partner:-share placement-joint development)GTL) /sale option on portion of potential gas resources-farminto CTP drilling program

    •In discussion with several potential partners, one has exclusive option to 6thOctober 2008 via payment of $600,000
 
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