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The latest update is out from Central Petroleum Limited ( (AU:CTP) ).
Central Petroleum Limited has confirmed that its previously announced transaction with ADZ Energy to expand into the Cooper and Otway basins has become unconditional, with all conditions precedent now satisfied and completion scheduled for 23 January 2026. The finalisation of this deal marks a key step in Central’s strategic expansion beyond its Northern Territory base, potentially broadening its production footprint and strengthening its role in Australia’s onshore gas sector and domestic energy supply chain.
The most recent analyst rating on (AU:CTP) stock is a Hold with a A$0.07 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 significant exploration and appraisal permits in the Northern Territory. It has grown to become the largest onshore gas operator in the NT, supplying residential and industrial customers in the Northern Territory and the wider Australian east coast market. The company is positioning itself as a major domestic energy supplier, including helium and naturally occurring hydrogen, with extensive tenements in the NT covering some of the country’s largest known onshore conventional gas prospects in the Amadeus Basin.
Average Trading Volume: 436,988
Technical Sentiment Signal: Sell
Current Market Cap: A$46.67M
Find detailed analytics on CTP stock on TipRanks’ Stock Analysis page.