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Central Petroleum Announces Share Buy-Back Amid Strong Financial Performance

Story Highlights
  • Central Petroleum Limited plans a share buy-back program supported by strong financials.
  • The buy-back reflects confidence in future cash flows and marks a milestone for shareholders.
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Central Petroleum Announces Share Buy-Back Amid Strong Financial Performance

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

Central Petroleum Limited announced an on-market share buy-back program, leveraging its strong financial performance and cash reserves. The company reported a 28% increase in revenue for the second half of FY2025, driven by new production wells and long-term gas sale agreements, resulting in a record net operating cash flow of $6.3 million in the June quarter. The buy-back, marking Central’s first return of capital to shareholders, aims to purchase up to 10% of its issued capital over a 12-month period starting 15 September 2025. This move reflects Central’s confidence in its financial position and future cash flows, with additional plans for capital allocation, including growth initiatives and a sustainable dividend program.

More about Central Petroleum Limited

Central Petroleum Limited is an established ASX-listed Australian oil and gas producer with exploration and appraisal permits in the Northern Territory. It is the largest onshore gas operator in the NT, supplying residential and industrial customers in the NT and the wider Australian east coast market. The company aims to become a major domestic energy supplier, focusing on helium and naturally occurring hydrogen, with extensive exploration and development plans across significant tenements in the NT, including the Amadeus Basin.

Average Trading Volume: 467,259

Technical Sentiment Signal: Hold

Current Market Cap: A$40.99M

For detailed information about CTP stock, go to TipRanks’ Stock Analysis page.

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