Central Petroleum

Kardinya-based Central Petroleum Ltd has announced that its initial public offering raised over $10.6 million in equity with support from local and overseas institutional investors making a total of over 650 shareholders on the register.

SHARES in Kardinya-based Central Petroleum Ltd began trading on the Australian Stock Exchange this week at lower than the initial offer price of 20 cents. The petroleum explorer opened on Tuesday at 17.5 cents, closing at 16.5 cents on its first day of trading.

100,000 shares and 50,000 options (expiry 30 June 2007) are to be released from escrow on 20 March 2006

785,000 ordinary shares fully paid are due for release from escrow on 12 April 2006

116,250 shares and 58,125 options are to be released from escrow on 28 April 2006.

Advise that 475,084 shares are to be released from escrow on 16 May 2006.

8,750 shares and 4,375 options (expiry 30 June 2007) are to be released from escrow on 16 June 2006.

Advise that 61,750 shares and 30,875 options (expiry 30 June 2007)are to be released from escrow on 3 August 2006

South Perth-based oil and gas explorer Central Petroleum Ltd has announced another delay on the commencement of drilling at its Blamore and Avalon sites, citing difficulty in securing approval for the construction of an access route to the site.

South Perth-based oil and gas explorer Central Petroleum Ltd has signed an option underwriting agreement with Martin Place Securities Pty Ltd to guarantee a $4 million capital raising once exercised.

North Perth-based development fund MEC Resources Ltd will invest $1.2 million in South Perth-based Central Petroleum Ltd, after signing a farmout agreement with MEC investee Advent Energy Ltd three weeks ago.

South Perth-based oil and gas explorer Central Petroleum Ltd has raised $9 million through an underwritten exercise of options and share placement, the company has announced.

South Perth-based Central Petroleum Ltd has released details of its $6 million fund raising via a pro rata rights issue to shareholders to address the dilutionary affect of a bond subscription deal with DB Zwirn Mauritius Trading No 3 Ltd.

Shares in South Perth-based Central Petroleum soared 56 per cent before entering a trading halt, following a report that more than a trillion tonnes of coal could be extracted on the South Australia and Northern Territory border.

South Perth-based Central Petroleum has today unveiled plans to raise $22.6 million through a rights issue that has been fully underwritten by Patersons Securities.

Perth-based Central Petroleum has conditionally raised $19.35 million through a placement and an underwritten share purchase plan.

Central Petroleum has completed a $9.9 million capital raising to continue exploration efforts at its Amadeus Basin oil and gas prospects in the Northern Territory.

South Perth company Central Petroleum has completed a capital raising as speculation continues over control of its board and the role of mining magnate and investor Clive Palmer.

Fresh from announcing plans to develop the Iron Valley mine in the Pilbara, Mineral Resources has become the eleventh Western Australian company in the S&P/ASX 100 Index.S&P Dow Jones Indices announced MinRes’ elevation today, at the expense of Fairfax Media.

Miro Advisors managing director Tim Woodall has joined the Curtin University Graduate School of Business advisory board.Former Woodside executive vice-president exploration Peter Moore was made chair of the CGSB advisory board last November.

Corporate and financial communication firms, Citadel PR and Magnus Investor Relations, have entered into an agreement to combine their businesses to form a significant independent national player.

Nawal Silfani has resigned as a company secretary of Caltex.