Energy Club NT - Central Petroleum: FY2026 Results and Drilling Update

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Central Petroleum: FY2026 Results and Drilling Update

Central Petroleum: FY2026 Results and Drilling Update

18 Sep 2026 11:57 AM | Stephanie Berlin (Administrator)

Central Petroleum Limited has released its financial results for the year ending 30 June 2026 (FY2026).

Highlights

Sales revenue increased 3% to $44.7 million;
Operating margin, excluding depreciation, increased 5% to $4.96/GJe, supported by a 14% increase in the average realised gas price;
Underlying EBITDAX was $17.0 million;
Net cashflow from operations was $15.6 million after net interest payments; and
Cash balance at 30 June 2026 of $20.41 million, after investing $11.2 million in new exploration acreage.

Central has reported a full year statutory net loss after tax of $4.9 million after recording a $5.9 million impairment charge resulting from the rationalisation of the group’s exploration portfolio, and $5.7 million of other exploration and appraisal costs, including preparations for Palm Valley drilling.

Palm Valley Drilling
Drilling at Palm Valley is progressing, with gas observed and flared during air drilling of the target reservoir in PV14, the first of two new wells in this program. First gas sales from PV14 are targeted for October 2026.

To read the announcement, click here.

To view the full Annual Report, click here.

Source: Central Petroleum

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