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central petrole - unspon adr (CPTLY) Details

Central Petroleum Limited, a junior exploration and production company, explores for hydrocarbons in Australia. The company operates a prospective onshore acreage of approximately 270,000 km2, including permits already awarded and acreage under application with 250,000 km2 under the Petroleum Acts and 20,000 km2 under the Mining Acts primarily in the Northern Territory. Its acreage covers the majority of the Pedirka Basin within the Northern Territory and South Australia; the majority of the Amadeus Basin in the Northern Territory; Lander Trough in the Northern Territory; and approximately 10,000 km2 of the Southern Georgina Basin. The company was formerly known as Merlin Petroleum Limited and changed its name to Central Petroleum Limited in 2005. Central Petroleum Limited was founded in 1998 and is based in Toowong, Australia.

26 Employees
Last Reported Date: 09/30/13
Founded in 1998

central petrole - unspon adr (CPTLY) Top Compensated Officers

Chief Executive Officer, Managing Director, D...
Total Annual Compensation: A$577.8K
Chief Financial Officer and Joint Company Sec...
Total Annual Compensation: A$267.9K
Chief Operating Officer, Director and Member ...
Total Annual Compensation: A$380.3K
Chief Commercial Officer
Total Annual Compensation: A$175.2K
Group General Counsel and Joint Company Secre...
Total Annual Compensation: A$433.1K
Compensation as of Fiscal Year 2013.

central petrole - unspon adr (CPTLY) Key Developments

Central Petroleum Ltd. Announces Executive Changes

Central Petroleum Limited announced that Mr. Joseph Morfea has been appointed Joint Company Secretary effective 27 August 2014. As announced on 14 August 2014, Mr. Morfea replaces Mr. Bruce Elsholz, who stepped down as Joint Company Secretary ahead of Mr. Elsholz's retirement on 30 November 2014, allowing a smooth transition prior to the Annual General Meeting. Joseph joined Central Petroleum on 1 April 2014 where he serves as Joint Venture Liaison Manager. Prior to joining Central Petroleum, Joseph was the Chief Financial Officer for Magellan Petroleum Australia Pty Ltd.

Central Petroleum Ltd. Presents at Noosa Mining and Exploration Conference 2014, Jul-18-2014 09:30 AM

Central Petroleum Ltd. Presents at Noosa Mining and Exploration Conference 2014, Jul-18-2014 09:30 AM. Venue: Outrigger Little Hastings Street Resort and Spa, Noosa, Queensland, Australia.

Central Petroleum Limited Announces Board Changes

As explained at last year's annual general meeting, Central Petroleum Limited had been actively planning its transition from Explorer to Explorer & Producer. That includes ensuring that the board has the right diversity of skillsets and sufficient independent directors to guide the company's next stage of development. Recent changes to the ASX Principles and recommendations question the continued independence of a director after 10 years' service. In view of this guideline, and having successfully served on the Board for more than 9 years, Mr. Bill Dunmore has decided not to seek re-election at this year's AGM. At Central's request the consultancy in which Bill Dunmore has an ownership interest will continue to provide valuable reservoir engineering services under existing arrangements until the company has acquired the requisite internal resources. To fill the vacancy, the board has appointed Dr. Peter Moore as an Independent Non-executive Director who until recently was the Executive Vice President of Exploration for Woodside Petroleum. Dr. Moore brings a diversity in skill sets in exploration and production. He will take up his position immediately providing a six month overlap before the retirement from the Board of Mr. Dunmore.


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