Central Petroleum Advances in Gas Market

Central Petroleum Limited (AU:CTP) has released an update.

Central Petroleum Limited has announced that their gas sale agreement with South32, initially mentioned in a previous announcement on September 21, 2023, is now unconditional. As the largest onshore gas operator in Australia’s Northern Territory, Central Petroleum is on a strategic path to becoming a significant domestic energy supplier, including the production of helium and hydrogen. The company holds expansive exploration and appraisal permits across 169,112 km², targeting some of the country’s largest known conventional gas prospects in the Amadeus Basin.

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