Central Petroleum Limited (CNPTF) Peak Helium Farmout Agreement Termination

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) refers to the announcement dated 12 September 2023 regarding the status of the Peak Helium (Amadeus Basin) Pty Ltd ("Peak Helium") farmout.

Following Peak Helium's failure to comply with statutory demands within the period for compliance, relevant Central subsidiaries as farmor parties to the Peak Helium farmout agreement have terminated the agreement in accordance with its terms.

The relevant subsidiaries will now commence the process to have 31% in EP 82, 10% in EP 112 and 6% in EP 125 transferred back from Peak Helium, resulting in Central's joint venture interests returning to 60% in EP 82 (Mahler), 45% in EP 112 (Dukas) and 30% in EP 125 (Mt Kitty).

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