Highlights Activities Report and ASX Appendix 5B

• New multi-year Gas Sales Agreement (GSA): A new multi-year GSA was secured with the Northern Territory Government for the sale of up to 21 PJ of gas (10.5 PJ Central share) to be supplied through to the end of 2034, underwriting a final investment decision for two new wells at Palm Valley.

• Extinguishment of gas overlift liability: In mid-May, Central made its final delivery against the liability for previously overlifted gas, with future cash flows to be boosted through lower operating costs by approximately $7m per year.

• Sales revenue: ➢ June quarter: $10.9m - 3.9% lower than the March quarter. Gas sales volumes of 1.0 PJ, were 7% lower than the previous quarter due to scheduled maintenance at Mereenie and preparations for new well connections at Palm Valley. Realised gas and oil prices were 3.6% higher than the previous quarter. ➢ FY26: $43.9m – 3.7% higher than FY25. A 10% increase in realised prices more than offset lower volumes (6%) which were impacted by oil offtake constraints and pipeline restrictions during the first half of the year.

• Cash balance at the end of the quarter was $20.4m, up from $19.5m at 31 March. Key cash flows included: • Net operating inflows of $5.5m before net interest and exploration costs. The final payment of the gas overlift liability led to lower cash operating costs in the final two weeks of the quarter, with the full impact anticipated to be more visible on operating inflows going forward;

• Exploration and appraisal related expenditure of $2.0m, including site preparation and purchase of long lead equipment for the new Palm Valley wells which subsequently commenced drilling on 25 July;

• Capital expenditure of $1.6m, including surface facilities for the new Palm Valley wells and sustaining CAPEX; and • Share purchases by the Employee Share Scheme Trust of $0.4m.

• Net debt was $5.0 million at 30 June, including $2.5 million of funds held as security for the loan facility. The June quarter interest payment was capitalised into the loan balance.

• Increased loan facility: The existing loan facility was increased to provide up to $15m in working capital to support the acceleration of drilling at Palm Valley.

• Termination of Dukas / Mt Kitty sale agreement: Central terminated its conditional agreement to sell its interests in two Amadeus Basin exploration permits and withdrew from the Dukas joint venture after assessing the relative prospectivity of the permit and expected future exploration costs. Subsequent to the end of the quarter

• Commenced drilling the first of two new wells at Palm Valley: The new wells, if successful, are expected to increase Central’s share of total gas production capacity across its three producing fields by circa 40%.

Read the full ASX release here: Central Petroleum