Central Petroleum Limited (ASX:CTP) Resignation of Director

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CPTLF) today announced that Mr Martin Kriewaldt has resigned from the Board of Central Petroleum Limited and all its subsidiaries effective immediately. The Board has selected Mr Wrix Gasteen to serve as Interim Chairman while it undertakes a process to consider a new Director and to select Central's Chairman.

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 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.

 

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