Central Petroleum Strikes Lucrative Gas Agreements

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

Central Petroleum Limited has secured new gas sale agreements ensuring stable and increased revenue for the upcoming years, with sales volumes up 3% and revenue up 2% this quarter despite a 10% yearly revenue drop from NGP interruptions. The company also reports a first net cash position in a decade, indicating improved financial health and a promising outlook for shareholder returns.

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