Central Petroleum Ltd engages in the provision of development, exploration, production, processing, and marketing of oil and gas. It focuses on proving up gas reserves to provide a foundation supply contract. It operates through the following segments: Gas Producing Assets, Oil Producing Assets, Development Assets, Exploration Assets, and Unallocated Items. The Gas Producing Assets segment offers production and sale of natural gas. The Oil Producing Assets segment engages in the production and sale of crude oil. The Development Assets segment involves in the sale of petroleum products. The Exploration Assets engages in the exploration and evaluation of permit areas. The Unallocated Items segment comprises of non-segmental items of revenue and expenses and associated assets and liabilities not allocated to operating segments. The company was founded by John Philip Heugh and Richard Waddy Faull on July 2, 1998 and is headquartered in Brisbane, Australia.