|Bid||0.1050 x 91410100|
|Ask||0.1100 x 8253200|
|Day's range||0.1050 - 0.1150|
|52-week range||0.0930 - 0.1525|
|Beta (5Y monthly)||0.37|
|PE ratio (TTM)||∞|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Central Petroleum Ltd (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) provides the following activity update
Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF), through a wholly owned subsidiary, has executed a new gas supply agreement for supply of up to 3.15 Petajoules of gas to the Northern Territory's Power and Water Corporation via a back-to-back GSA with Macquarie Mereenie Pty Limited.
Central is well-placed to participate in this transition and supply gas into an increasingly under-supplied market. This will require significant investment in new projects, and the introduction of NZOG and Cue will result in over $100 million of investment in our producing fields in the next two years.