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An update from Central Petroleum Limited ( (AU:CTP) ) is now available.
Central Petroleum has announced the resignation of director Joel Riddle, effective 30 March 2026, following his decision to relocate to the United States to take up a new full-time role. Chair Agu Kantsler thanked Riddle for his contribution to the board, and while the company has not yet outlined succession plans, the departure prompts a refresh of its governance as it pursues ongoing production and growth projects in key Australian gas basins.
The most recent analyst rating on (AU:CTP) stock is a Buy with a A$0.11 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 and the largest onshore gas operator in the Northern Territory, supplying gas to customers across central and northern Australia. The company also holds a portfolio of exploration, appraisal and development projects in the Amadeus, Cooper and onshore Otway basins, positioning it for further growth in key hydrocarbon regions.
Average Trading Volume: 1,127,146
Technical Sentiment Signal: Buy
Current Market Cap: A$63.98M
See more data about CTP stock on TipRanks’ Stock Analysis page.