Central Petroleum Limited

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) released its half-year update for the period ending December 31, 2024, presenting a compelling narrative of financial stabilization and operational strength.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) will hold an online presentation on Friday 14 March 2025 commencing at 10.00 am AEST.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) today reports Underlying Earnings Before Interest, Tax, Depreciation, Amortisation and Exploration for the half year to 31 December 2024 of $8.6 million, an increase of 7% from the first half of FY2024.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) outlook for 2025 radiates optimism, a stark contrast to the challenges of recent years, as the market begins to recognize the value of its Northern Territory gas fields.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that the recentlycompleted WM30 production well at the Mereenie field was tied-in and brought online on 26 February.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that drilling and completion of the second new Mereenie production well, WM30, is complete and Ventia Rig 101 was released on 19 February 2025.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that Mr McCormack will step down and leave the board of Central on 30 April 2025.

Central Petroleum Limited's (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) gas fields were operating at full capacity for much of the quarter.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that the new West Mereenie 29 (WM29) well has been tied-in and commenced flowing to sales on 20 January 2025.

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that the first of two Mereenie development wells, WM29, was successfully air-drilled and completed across the Pacoota-3 sandstones.