news out

ASX ANNOUNCEMENT & PRESS RELEASE ASX CODE: CTP
15 September 2011
TO: The Manager, Company Announcements ASX Limited
CONTACT: John Heugh +61 8 9474 1444
Capital Raising
Central Petroleum Ltd (Central) (ASX:CTP) is pleased to announce it has completed a
placement of 91.0 million new Central shares at 5.5 cents per share to institutional,
sophisticated and professional investors.
Approximately $5.0 million of additional capital was raised to progress the company?s drilling
strategy and to provide working capital.
The placement was managed by Patersons Securities Limited.
Settlement of the placement is scheduled to occur on 21 September 2011 and the new shares
are expected to be quoted on that date.
In order to give existing shareholders an opportunity to invest, Central intends to offer
shareholders the right to participate in a Share Purchase Plan (SPP). The record date to
participate in the SPP is 14 September 2011. This allows shareholders who have acquired
Central shares up to and including Thursday 8 September 2011 to participate in the SPP.
Details of the SPP will be provided to shareholders in due course. The SPP is planned to be
underwritten by Patersons Securities Limited for $5.5 million.
Central?s Managing Director, John Heugh, commented ?Despite the volatile market conditions it
has been particularly pleasing to see the company getting offshore and Australian institutional
support in the lead up to our TSX listing. The funds raised will ensure the Company can
commence its planned liquids focussed drilling programme as soon as possible. We look
forward to the planned re-entry in a few weeks of the Surprise-1 well which has already been
independently assessed as having potential in one 9m cored section alone to flow 500-1,000
bbls per day subject to logging and flow testing.?
John Heugh