Richard Cottee Commences CEO Role
Sydney, June 5, 2012 AEST (ABN Newswire) - Central Petroleum Ltd (
ASX:CTP) announces that Mr Richard Cottee has been confirmed as CEO following the Company's recent Board meeting.
Chairman Dr Henry Askin said Mr Cottee's appointment is effective immediately. His continuing engagement and the provision of his services, as previously detailed, are conditional upon shareholder approval of Mr Cottee as a director.
The appointment of Mr Cottee has been brought forward by the Board because of the pressing requirements of Company business, in particular the need to progress commercial negotiations in the development program.
The appointment of Mr Cottee as a director of the Company is subject to shareholder approval at a General Meeting (GM) on 22 June 2012. Details of the GM Resolutions were sent to shareholders in a Notice of Meeting released to the ASX on 21 May 2012.
The Company extends its appreciation and thanks to Mr Dalton Hallgren who as Acting CEO has provided key support in this interim period. Dalton will resume his position as Chief Operating Officer.
About Central Petroleum Limited
Central Petroleum Limited (
ASX:CTP) 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.
| ||
|
