• Secured new multi-year Gas Sales Agreement with Northern Territory Government.
• Extinguished gas overlift liability, boosting future cash flows by $7m/year.
• June quarter sales revenue was $10.9m, down 3.9% from the previous quarter.
• FY26 sales revenue was $43.9m, up 3.7% from FY25.
• Cash balance at end of quarter was $20.4m, up from $19.5m at 31 March.

Central Petroleum Ltd's Quarterly Activities Report for the period ended 30 June 2026 highlights several key operational and financial updates. The company secured a new multi-year Gas Sales Agreement with the Northern Territory Government for the sale of up to 21 PJ of gas through to the end of 2034, which supports the drilling of two new wells at Palm Valley. Central also extinguished its gas overlift liability in mid-May, which is expected to boost future cash flows by approximately $7 million per year. Sales revenue for the June quarter was $10.9 million, a 3.9% decrease from the previous quarter, primarily due to lower gas sale volumes. However, realized average prices increased by 3.6% over the same period. For the full financial year 2026, sales revenue was $43.9 million, a 3.7% increase from the previous year, driven by higher realized prices. The company's cash balance at the end of the quarter stood at $20.4 million, up from $19.5 million at the end of March. Key cash flows included net operating inflows of $5.5 million before net interest and exploration costs. Exploration and appraisal-related expenditure was $2.0 million, and capital expenditure was $1.6 million. The company also increased its loan facility to provide up to $15 million in working capital to support drilling activities at Palm Valley.

FY26 sales revenue $43.9m, up 3.7% from FY25

Central Petroleum Ltd expects to boost its share of total gas production capacity by circa 40% with the successful drilling of two new wells at Palm Valley, supported by the new Gas Supply Agreement.