Australia markets closed
  • ALL ORDS

    7,111.40
    +32.50 (+0.46%)
     
  • ASX 200

    6,824.70
    +24.30 (+0.36%)
     
  • AUD/USD

    0.7695
    -0.0018 (-0.23%)
     
  • OIL

    52.66
    -0.11 (-0.21%)
     
  • GOLD

    1,852.80
    -2.40 (-0.13%)
     
  • BTC-AUD

    41,406.04
    -550.34 (-1.31%)
     
  • CMC Crypto 200

    643.97
    -32.93 (-4.87%)
     
  • AUD/EUR

    0.6337
    -0.0012 (-0.19%)
     
  • AUD/NZD

    1.0695
    -0.0017 (-0.16%)
     
  • NZX 50

    13,323.46
    -75.64 (-0.56%)
     
  • NASDAQ

    13,483.29
    +116.89 (+0.87%)
     
  • FTSE

    6,673.65
    +34.80 (+0.52%)
     
  • Dow Jones

    30,960.00
    -36.98 (-0.12%)
     
  • DAX

    13,777.75
    +133.80 (+0.98%)
     
  • Hang Seng

    29,391.26
    -767.75 (-2.55%)
     
  • NIKKEI 225

    28,546.18
    -276.11 (-0.96%)
     

Central Petroleum Limited (CTP.AX) Resignation of Director

·2-min read
Central Petroleum Limited
Central Petroleum Limited

Central Petroleum Limited (CTP.AX) Resignation of Director

Brisbane, Australia, Nov 27, 2020 - (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (HAM: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 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

Source:
Central Petroleum Limited

Copyright (C) 2020 ABN Newswire. All rights reserved.