Central Petroleum Limited (ASX:CTP) Resignation of Director

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) announces that Mr Wrix Gasteen has resigned as a director of Central Petroleum Limited and all its subsidiaries effective 28 November 2020. The Board has accordingly brought forward the appointment of Mr Mick McCormack as Chair effective 28 November 2020.

Central Petroleum's MD and CEO, Mr Leon Devaney, commented "Wrix has been an integral part of the transformation Central has achieved over the past 5 years in particular. More recently, he provided critical leadership and stability as Chair at a point of significant change within the Company, helping to create a solid financial foundation and position the Company to implement major growth strategies. On behalf of the Board and Management, I thank Wrix for his dedication to the Board of Central and wish him all the best in his future activities."


About Central Petroleum Limited

Central Petroleum Limited (Central) is an established ASX-listed Australian oil and gas producer (ASX:CTP) with exploration and appraisal permits in the Northern Territory (NT). Central has grown to become the largest onshore gas operator in the NT, supplying residential and industrial customers in the NT and wider Australian east coast market.

Central is seeking to become a major domestic energy supplier, in addition to helium and naturally occurring hydrogen, with exploration, appraisal and development plans across 169,112 km2 of tenements the NT, including some of Australia's largest known onshore conventional gas prospects in the Amadeus Basin.

 

Related Companies

Central Petroleum Limited