CENTRAL PETROLEUM LIMITED — Board/Management Information 2012

Apr 12, 2012

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ASX ANNOUNCEMENT & MEDIA RELEASE

ASX CODE: CTP

13 April 2012

INJUNCTION APPLICATION BY JOHN HEUGH

Central Petroleum Ltd (ASX:CTP) (“ Company ”) advises that it has been served with an application by Mr John Phillip Heugh seeking an injunction in the Supreme Court of Western Australia to restrain the Company from:

• (i) taking any steps to call a general meeting of members of the Company to consider a resolution that John Phillip Heugh be removed as a director of the Company; or

• (ii) further or alternatively from moving such resolution at any general meeting,

pending the hearing and determination of Mr Heugh’s legal action disputing the Company's termination of his employment (as announced on 26 March 2012).

The Company will defend and oppose the injunction application vigorously.

Ends

Company enquiries, please contact:

Dalton Hallgren, Acting CEO +61 8 9474 1444

Media enquiries, please contact:

Ron Cameron, Director, Mercury Consulting +61 2 8256 3308

General Disclaimer and explanation of terms:

This document may contain forward-looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Central. These risks, uncertainties and assumptions include (but are not limited to) commodity prices, currency fluctuations, economic and financial market conditions in various countries and regions, environmental risks and legislative, fiscal or regulatory developments, political risks, project delay or advancement, approvals and cost estimates. Actual values, results or events may be materially different to those expressed or implied in this document. Given these uncertainties, readers are cautioned not to place reliance on forward looking statements. Any forward looking statement in this document is valid only at the date of issue of this document. Subject to any continuing obligations under applicable law and the ASX Listing Rules, or any other Listing Rules or Financial Regulators’ rules, Central, its agents, directors, officers, employees, advisors and consultants do not undertake any obligation to update or revise any information or any of the forward looking statements in this document if events, conditions or circumstances change or that unexpected occurrences happen to affect such a statement. Sentences and phrases are forward looking statements when they include any tense from present to future or similar inflection words, such as (but not limited to) "believe," "estimate," "anticipate," "plan," "predict," "may," "hope," "can," "will," "should," "expect," "intend," "is designed to," "with the intent," "potential," the negative of these words or such other variations thereon or comparable terminology, may indicate forward looking statements.

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