CENTRAL PETROLEUM LIMITED — Director's Dealing 2009

Jun 11, 2009

12 June 2009

The Manager Company Announcements Office ASX Limited Exchange Plaza 2 The Esplanade

Dear Sir

Change of Director’s Interest Notice Appendix 3Y

Please find attached Appendix 3Y notices for the Change of Director’s Interests related to Henry Askin, John Heugh, Bill Dunmore and Richard Faull.

Yours faithfully

Julian Tambyrajah Chief Financial Officer & Company Secretary

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity CENTRAL PETROLEUM LIMITED ABN 72 083 254 308

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Henry Jan ASKIN
Date of last notice	2 February 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	a) Direct b)Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Askin Nominees Pty Ltd (as trustee for the Askin Superannuation Fund, in which the Director is a beneficiary).
Date of change	8 June 2009
No. of securities held prior to change	b) 960,000 ordinary fully paid shares. a) 400,000 options over ordinary fully paid shares exercisable by payment of 20 cents each at any time up to 31 May 2010. a) 400,000 options over ordinary fully paid shares exercisable by payment of 25 cents each at any time up to 30 June 2010. a) 2,000,000 options over ordinary fully paid shares exercisable by payment of 28c/33c/37c/43c/50c each at any time up to 3 January 2012. b) 240,000 ordinary fully paid shares.
Class	b) Options over fully paid shares exercisable 22c/25c/28c/32c/37c on or before 31 March 2014.
Number acquired	b) 2,500,000 options issued on approval by shareholders

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	None
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	b) Nil consideration, granted as remuneration and incentive. Black Scholes valuation from Notice of General Meeting $141,272.09
No. of securities held after change	b) 960,000 ordinary fully paid shares. a) 400,000 options over ordinary fully paid shares exercisable at 20 cents each on or before 31 May 2010. a) 400,000 options over ordinary fully paid shares exercisable at 25 cents on or before 30 June 2010. a) 2,000,000 options over ordinary fully paid shares exercisable at 28c/33c/37c/43c/50c on or before 3 January 2012. b) 240,000 ordinary fully paid shares. b) 2,500,000 options exercisable at 22c/25c/28c/32c/37c on or before 31 March 2014.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	b) Director Options granted on approval by shareholders.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non‐cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity CENTRAL PETROLEUM LIMITED ABN 72 083 254 308

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	John Phillip HEUGH
Date of last notice	31 July 2008

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	8 June 2009
No. of securities held prior to change	5,683,803 ordinary fully paid shares. 2,500,000 options over ordinary fully paid shares exercisable by payment of 20 cents on or before 31 May 2010. 2,050,000 options over ordinary fully paid shares exercisable by payment of 25 cents on or before 30 June 2010. 5,000,000 options over ordinary fully paid shares exercisable by payment of 28c/33c/37c/43c/50c on or before 3 January 2012.
Class	Options over fully paid shares exercisable 22c/25c/28c/32c/37c on or before 31 March 2014.
Number acquired	2,500,000 options issued on approval by shareholders.

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	None
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil consideration, granted as remuneration and incentive. Black Scholes valuation from Notice of General Meeting $141,272.09.
No. of securities held after change	5,683,803 ordinary fully paid shares. 2,500,000 options over ordinary fully paid shares exercisable by payment of 20 cents on or before 31 May 2010. 2,050,000 options over ordinary fully paid shares exercisable by payment of 25 cents on or before 30 June 2010. 5,000,000 options over ordinary fully paid shares exercisable by payment of 28c/33c/37c/43c/50c on or before 3 January 2012. 2,500,000 options exercisable at 22c/25c/28c/32c/37c on or before 31 March 2014.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Director Options granted on approval by shareholders.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity CENTRAL PETROLEUM LIMITED ABN 72 083 254 308

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	William John DUNMORE
Date of last notice	14 July 2008

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	8 June 2009
No. of securities held prior to change	676,666 ordinary fully paid shares. 300,000 options over ordinary fully paid shares exercisable at 20 cents on or before 31 May 2010. 300,000 options over ordinary fully paid shares exercisable at 25 cents on or before 30 June 2010. 2,000,000 options over ordinary fully paid shares exercisable at 28c/33c/37c/43c/50c on or before 3 January 2012.
Class	Ordinary fully paid shares. Options over fully paid shares exercisable 22c/25c/28c/32c/37c on or before 31 March 2014.
Number acquired	1,250,000 options issued on approval by shareholders.
Number disposed	200,000 ordinary shares

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Acquired 1,250,000 options for nil consideration, granted as remuneration and incentive. Black Scholes valuation from Notice of General Meeting $70,636.04. Disposed 200,000 ordinary shares for $20,000.
No. of securities held after change	476,666 ordinary fully paid shares. 300,000 options over ordinary fully paid shares exercisable at 20 cents on or before 31 May 2010. 300,000 options over ordinary fully paid shares exercisable at 25 cents on or before 30 June 2010. 2,000,000 options over ordinary fully paid shares exercisable at 28c/33c/37c/43c/50c on or before 3 January 2012. 1,250,000 options exercisable at 22c/25c/28c/32c/37c on or before 31 March 2014.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Acquired 1,250,000 Director Options granted on approval by shareholders. Disposal of 400,000 ordinary shares on market.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity CENTRAL PETROLEUM LIMITED ABN 72 083 254 308

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Richard Waddy FAULL
Date of last notice	16 June 2008

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	a) Direct b) Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	St Leonard’s Investments Pty Ltd (a company of which the Director is a director and shareholder).
Date of change	8 June 2009
No. of securities held prior to change	a) 1,200,001 ordinary fully paid shares. a) 1,000,000 options over ordinary fully paid shares exercisable by payment of 20 cents each at any time up to 31 May 2010. a) 500,000 options over ordinary fully paid shares exercisable by payment of 25 cents each at any time up to 30 June 2010. a) 2,000,000 options over ordinary fully paid shares exercisable by payment of 28c/33c/37c/43c/50c each at any time up to 3 January 2012. b) 480,000 ordinary fully paid shares
Class	a) Options over fully paid shares exercisable 22c/25c/28c/32c/37c on or before 31 March 2014.

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	a) 1,250,000 options issued on approval by shareholders.
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	a) Nil consideration, granted as remuneration and incentive. Black Scholes valuation from Notice of General Meeting $70,636.04.
No. of securities held after change	a) 1,200,001 ordinary fully paid shares. a) 1,000,000 options over ordinary fully paid shares exercisable by payment of 20 cents each at any time up to 31 May 2010. a) 500,000 options over ordinary fully paid shares exercisable by payment of 25 cents each at any time up to 30 June 2010. a) 2,000,000 options over ordinary fully paid shares exercisable by payment of 28c/33c/37c/43c/50c each at any time up to 3 January 2012. b) 480,000 ordinary fully paid shares. a) 1,250,000 options exercisable at 22c/25c/28c/32c/37c on or before 31 March 2014.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	a) Director Options granted on approval by shareholders.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be

disclosed in this part. Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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