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Central Petroleum Limited ( (AU:CTP) ) has issued an update.
Central Petroleum Limited has announced a change in the interests of non-executive director Stephen William Gardiner, reflecting an increase in his equity-linked exposure to the company. Gardiner has been issued 325,729 additional share rights under Central Petroleum’s Employee Rights Plan and the 2026 Non-Executive Director Offer, as approved by shareholders at the 2025 annual general meeting, lifting his holding to 691,432 share rights while his ordinary shareholding remains unchanged. The nil consideration for the grant underscores that this is a board-approved remuneration and alignment mechanism rather than a market transaction, signalling continued use of equity-based incentives to align director interests with those of 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 Australian oil and gas exploration and production company, focused primarily on onshore assets in central Australia. The company develops and operates hydrocarbon projects, providing energy resources to domestic markets and seeking to enhance shareholder value through disciplined capital management and governance oversight.
Average Trading Volume: 421,545
Technical Sentiment Signal: Sell
Current Market Cap: A$47.42M
Find detailed analytics on CTP stock on TipRanks’ Stock Analysis page.