Central Petroleum Limited
CTP.AX
Australian Securities Exchange0.06
AUD
+0.00
- -
Central Petroleum Limited
CTP.AX
(Australian Securities Exchange)
Recent
price
0.06
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Central Petroleum Limited (ASX:CTP) is an Australian oil and gas exploration and production company focused on supplying natural gas, crude oil, and associated petroleum products to domestic markets, primarily in central, northern, and eastern Australia. Founded in 1998 and headquartered in Brisbane, the company operates the largest onshore oil and gas fields in the Northern Territory, including the Mereenie, Palm Valley, and Dingo fields in the Amadeus Basin; it holds interests in approximately 173,000 square kilometers of exploration and appraisal permits across the Amadeus, Southern Georgina, Wiso, Pedirka, and Surat Basins, with producing assets centered on natural gas and oil extraction, development assets preparing fields for commercialization, and exploration targeting conventional gas resources alongside helium and naturally-occurring hydrogen; Central supplies power stations, mine sites, energy wholesalers, and retailers, serving residential and industrial customers with reliable energy independent of pipeline disruptions. In recent developments, the company secured a landmark multi-year gas sales agreement with the Northern Territory government in 2024, enabling higher-priced sales into the NT market through 2027 and driving a 17% revenue increase; it drilled and commissioned two new production wells at Mereenie ahead of schedule and under budget for approximately AUD30 million in 2025, boosting capacity and financial performance with improved cash flows, margins, and profits; Central restructured and extended its debt facility with full amortization by 2030, launched its inaugural share buy-back program as the first return to shareholders, and advanced sub-salt exploration plans including an appraisal well at Mount Kitty while pursuing farmouts and potential acquisitions to diversify reserves.