Central Petroleum Ltd. engages in the provision of development, exploration, production, processing, and marketing of oil and gas. It operates through the following segments: Producing Assets, Development Assets, Exploration Assets, Unallocated Assets, and Performance Monitoring and Evaluation. The Producing Assets segment includes the production and sale of crude oil, natural gas, and associated petroleum products. The Development Assets segment involves the development in preparation for the sale of petroleum products. The Exploration assets explores and evaluates permit areas. The Unallocated Assets segment comprises of non-segmental items of revenue and expenses and associated assets and liabilities. The Performance Monitoring and Evaluation segment consists of management monitoring or operating results of segments. The company was founded by John Philip Heugh and Richard Waddy Faull on July 2, 1998 and is headquartered in Brisbane, Australia.