CENTRAL PETROLEUM LIMITED — Board/Management Information 2007

Sep 26, 2007

ASX ANNOUNCEMENT RELEASED to the ASX DATE: 260907

TO: Manager, Company Announcements ASX Limited

CONTACT: John Heugh +61 8 9474 1444

Staff Changes Central Petroleum Limited

Mr Richard Faull due to ill-health has retired effective 25 September 2007 as Executive Director Finance but is remaining as a Non-Executive Director and Company Secretary. Mr Faull’s sterling contribution as a founding Executive Director since 1998 is well recognized by the Board of Directors and the Board wishes him well.

The Company has appointed Mr Mark Di Silvio as Chief Financial Officer effective 25 September.

Mr Di Silvio, a qualified CPA who holds both a Bachelor of Business and a Master of Business Administration, joins the Company at a time of growth as it moves towards its first drilling programme and additional seismic acquisition with the aid of farmin partners. Mr Di Silvio has significant oil & gas experience and has held numerous finance roles with Woodside Energy Limited. Most recently, as Finance Manager, he was responsible for overseeing the development and operation of Woodside’s Mauritanian assets. The Executive team of the Company looks forward to working with Mark to progress its exploration and forthcoming joint ventures.

Yours faithfully

Central Petroleum Limited

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John Heugh Managing Director