Central Petroleum Limited (
The Board thanks Martin for the tireless effort and dedication he has shown in his capacity as Chairman during a period of significant change at the Company. Central wishes him all the best in his future endeavours.
The Board reassures shareholders that with the appointment of long-standing Central Director, Wrix Gasteen as Interim Chairman, the Company's priorities, strategies and stakeholder relations will be unaffected during this process.
Central Petroleum's CEO and MD, Mr Leon Devaney, commented "The Executive Management Team remain focussed on continuing to execute the strategy and maintaining the strong momentum the Company has generated over the past 12 months."
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.
Contact
Investor and Media Inquiries:Greg Bourke: +61-478-318-702
Sarah Morgan: +61-421-664-969
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