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Central Petroleum Limited ( (AU:CTP) ) has issued an update.
Central Petroleum and its Mereenie and Palm Valley joint venture partners have secured an extension from Northern Territory’s Power and Water Corporation to finalise binding gas sales agreements. The deadline has been pushed from 2 March 2026 to 24 March 2026, giving the parties additional time to convert existing letters of intent into firm contracts.
The extension preserves momentum on potential gas supply arrangements that are important for Central’s production planning and revenue visibility. It also underscores the strategic role of Central’s Northern Territory assets in regional energy supply, with stakeholders watching for finalisation of the agreements later in March.
The most recent analyst rating on (AU:CTP) stock is a Hold with a A$0.08 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. The company supplies gas to customers across central and northern Australia and is pursuing growth through exploration, appraisal and development projects in the Amadeus, Cooper and onshore Otway basins.
Average Trading Volume: 785,618
Technical Sentiment Signal: Hold
Current Market Cap: A$54.95M
For detailed information about CTP stock, go to TipRanks’ Stock Analysis page.