Central Petroleum Limited (ASX:CTP) Appointment of New Director

Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) ("Company" or "Central") is pleased to advise that Mr Martin Kriewaldt has been appointed to the Central Board as an Independent Non-Executive Director. This is the first appointment in satisfying Central's commitment to augment and expand the current Board of Directors.

Martin is a Life Fellow of the Australian Institute of Company Directors, a former recipient of the AICD Gold Medal, with a highly regarded history of director roles including, amongst others, Suncorp Group Limited and Oil Search Limited.

Robert Hubbard, Chairman of Central said, "I very much welcome Martin to the Board of Central. Martin is a highly talented and accomplished non-executive director whose skills and experience will be of great value to Central as we pursue our strategy to become a significant onshore gas producer".

"Martin's appointment is consistent with my commitment to shareholders to augment, expand and change the current Board. I expect to announce further changes prior to the AGM", said Mr Hubbard.

To view the resume summary of Martin Kriewaldt, please visit:
http://abnnewswire.net/lnk/CN7V6PLH


About Central Petroleum Limited

Central Petroleum Limited (Central) is a well-established, and emerging ASX-listed Australian oil and gas producer (ASX:CTP). In our short history, Central has grown to become the largest onshore gas producer in the Northern Territory (NT), supplying industrial customers and senior gas distributors in NT and the wider Australian east coast market.

Central is positioned to become a significant domestic energy supplier, with exploration and development plans across 180,000 km2 of tenements in Queensland and the Northern Territory, including some of Australia's largest known onshore conventional gas prospects. Central has also completed an MoU with Australian Gas Infrastructure Group (AGIG) to progress the proposed Amadeus to Moomba Gas Pipeline to a Final Investment Decision.

We are also seeking to develop the Range gas project, a new gas field located among proven CSG fields in the Surat Basin, Queensland with 135 PJ (net to Central) of development-pending 2C contingent resource.

 

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