CENTRAL PETROLEUM LIMITED — Director's Dealing 2012

Feb 2, 2012

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ASX ANNOUNCEMENT

ASX CODE: CTP

3 February 2012

TO: The Manager, Company Announcements ASX Limited

Contact: John Heugh +61 8 9474 1444

Appendix 3Y - Change of Director’s Interest Notice ( x 3)

Attached are Appendix 3Y Change of Director’s Interest Notices for each of Dr Henry Askin, Mr John Heugh and Mr Richard Faull.

Yours faithfully

Bruce Elsholz Joint Company Secretary

Attach: 3 x Appendix 3Y

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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 30/09/01 Amended 01/01/11

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 5 January 2012

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	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	2 February, 2012
No. of securities held prior to change	(a) 3,600,000 ordinary fully paid shares (b) 840,000 listed options exercisable at 16cents on or before 31 March 2014 (c) 2,500,000 unlisted options exercisable at 22c/25c/28c/32c/37c on or before 31 March 2014
Number acquired	(a) 272,728 ordinary fully paid shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	$15,000
No. of securities held after change	(a) 3,872,728 ordinary fully paid shares (b) 840,000 listed options exercisable at 16cents on or before 31 March 2014 (c) 2,500,000 unlisted 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	Acceptance of SPP offer

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

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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 30/09/01 Amended 01/01/11

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	5 January 2012

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	2 February, 2012
No. of securities held prior to change	(a) 5,741,429 (b) 303,978 (c) 2,500,000
Class	(a) Fully paid ordinary shares (b) Listed options, exercisable at 16 cents on or before 31 March 2014 (c) Unlisted options exercisable at 22cents/25cents/28cents/32cents/37 cents on or before 31 March 2014
Number acquired	(a) 272,728 fully paid ordinary shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	$15,000
No. of securities held after change	(a) 6,014,157 (b) 303,978 (c) 2,500,000
Nature of change Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy‐back	Acceptance of SPP offer

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

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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 30/09/01 Amended 01/01/11

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.

We (the entity) give ASX the following the director for the purposes of section	information under listing rule 3.19A.2 and as agent for 205G of the Corporations Act.
Name of Director	Richard Waddy FAULL
Date of last notice	5 January 2012

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 (c) Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	(b) St Leonard’s Investments Pty Ltd (a company in which the Director has a relevant interest). (c) Faull Newton Pty Ltd (a company in which the Director has a relevant interest).
Date of change	02 February 2012

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	(a) 1,831,100 ordinary fully paid shares. (b) 330,000 ordinary fully paid shares. (c) 225,000 ordinary fully paid shares. (a) 250,000 options exercisable at 22 cents on or before 31 March 2014. (a) 250,000 options exercisable at 25 cents on or before 31 March 2014. (a) 250,000 options exercisable at 28 cents on or before 31 March 2014. (a) 250,000 options exercisable at 32 cents on or before 31 March 2014. (a) 250,000 options exercisable at 37 cents on or before 31 March 2014. (a) 315,550 options exercisable at 16 cents on or before 31 March 2014. (c) 15,000 options exercisable at 16 cents on or before 31 March 2014.
Number acquired	(a) 90,910 ordinary fully paid shares.
Number disposed	Nil.
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	$5,000
No. of securities held after change	(a) 1,922,010 ordinary fully paid shares. (b) 330,000 ordinary fully paid shares. (c) 225,000 ordinary fully paid shares. (a) 250,000 options exercisable at 22 cents on or before 31 March 2014. (a) 250,000 options exercisable at 25 cents on or before 31 March 2014. (a) 250,000 options exercisable at 28 cents on or before 31 March 2014. (a) 250,000 options exercisable at 32 cents on or before 31 March 2014. (a) 250,000 options exercisable at 37 cents on or before 31 March 2014. (a) 315,550 options exercisable at 16 cents on or before 31 March 2014. (c) 15,000 options exercisable at 16 cents 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	Acceptance of SPP offer.

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.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No.
If so, was prior written clearance provided to allow the trade to proceed during this period?	Not applicable.
If prior written clearance was provided, on what date was this provided?	Not applicable.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3