Central Petroleum Limited (ASX:CTP) Resignation of Director

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) wishes to congratulate one of its Non-Executive Directors, Dr Julian Fowles, in being appointed Chief Executive Officer and Managing Director of Karoon Energy Limited. Dr Fowles advises that it is a requirement of his appointment that he resigns all of his non-executive directorships, including with Central, in order to focus on his new role. The effective date of his resignation is 31 October 2020.

Central's Chair, Mr Wrix Gasteen, said "Dr Fowles has been a valuable and effective Board member and brought particular expertise and experience in exploration and development to Central. In addition, his appointment in June 2019 was a strong endorsement of the Company's strategy and growth potential, and came at a time of significant change for Central."

"On behalf of all Central Board members, I wish Julian all the best in his new role and thank him for his contribution to Central."


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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Central Petroleum Limited