Resignation of Director
Resignation of Director
Brisbane, Nov 27, 2020 AEST (ABN Newswire) - 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 LimitedCentral Petroleum Limited (ASX:CTP) is a well-established, and emerging ASX-listed Australian oil and gas producer. 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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