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Central Petroleum Limited (ASX:CTP)

ALERT: Price-sensitive ASX Announcement for CTP
Current share price for CTP : $0.065 0.003 (4.84%)+
Announcement
Release
19 Dec 2025 8:21PM
Price at Release
$0.062
Full Release
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Summary
Central Petroleum Limited, an ASX-listed Australian oil and gas producer, announced an update on the sale of its interest in sub-salt exploration permits in the Northern Territory. After consultations with Georgina Energy Plc, the sale has been modified to exclude the EP82 permit, which contains the Magee/Mahler prospects. Central will retain ownership of Helium Australia Pty Ltd. As a result, Central will withdraw from the EP82 Joint Venture with Santos, leading to an expected impairment charge of $4.2 million for the financial year 2026. The focus will now shift to the larger prospects in the Amadeus and Officer Basins, while the remaining terms of the sale transaction with Georgina remain unchanged.
Key Points
  • Central Petroleum Limited (ASX: CTP) updates on sub-salt exploration permit sale.
  • EP82 permit excluded from sale; Central retains Helium Australia Pty Ltd.
  • Focus shifts to larger prospects in Amadeus and Officer Basins.
  • Central to recognize a $4.2 million impairment charge in FY26.
  • Georgina Energy to focus resources on EP112 and EP125 permits.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.