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Central Petroleum Limited (ASX:CTP)

ALERT: Price-sensitive ASX Announcement for CTP
Current share price for CTP : $0.061 -0.001 (-1.61%)+
Announcement
Release
19 Jan 2026 9:45AM
Price at Release
$0.062
Full Release
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Summary
Central Petroleum Limited announced that its transaction with ADZ Energy regarding the Cooper and Otway Basin has become unconditional, with completion scheduled for 23 January 2026. The company seeks to establish itself as a key domestic energy supplier, focusing on oil, gas, helium, and hydrogen. As the largest onshore gas operator in the Northern Territory, Central has ambitious exploration and development plans across 169,112 km², targeting some of Australia's largest onshore conventional gas prospects in the Amadeus Basin.
Key Points
  • Central Petroleum Limited (ASX: CTP) announced that the Cooper and Otway Basin transaction with ADZ Energy has become unconditional.
  • The transaction is scheduled to complete on 23 January 2026.
  • Central Petroleum aims to be a major domestic energy supplier, focusing on oil, gas, helium, and hydrogen.
  • Central is the largest onshore gas operator in the Northern Territory (NT).
  • The company has extensive exploration and development plans across 169,112 km² of tenements in the NT, including significant conventional gas prospects in the Amadeus Basin.
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.