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Central Petroleum Limited ( (AU:CTP) ) just unveiled an announcement.
Central Petroleum Limited has appointed experienced upstream executive Joel Riddle as a non-executive director, effective 12 January 2026, following a formal search process. Riddle, who previously led Tamboran Resources’ transformation into the largest operated acreage holder in the Beetaloo Basin, is expected to strengthen Central’s board with extensive E&P experience across multiple regions, including onshore Australia. His appointment comes as Central seeks to leverage its leading onshore gas position and producing assets in the Northern Territory to deliver near-term growth and support its long-term strategy and value creation for shareholders.
The most recent analyst rating on (AU:CTP) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Central Petroleum Limited stock, see the AU:CTP Stock Forecast page.
More about Central Petroleum Limited
Central Petroleum Limited is an ASX-listed Australian oil and gas producer with exploration and appraisal permits across the Northern Territory. The company is the largest onshore gas operator in the NT, supplying residential and industrial customers locally and on Australia’s east coast, and is pursuing growth as a major domestic energy supplier, including in helium and naturally occurring hydrogen, across a tenement portfolio of 169,112 km² that includes some of the country’s largest known onshore conventional gas prospects in the Amadeus Basin.
Average Trading Volume: 442,217
Technical Sentiment Signal: Sell
Current Market Cap: A$47.42M
See more insights into CTP stock on TipRanks’ Stock Analysis page.