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Central Petroleum Limited (ASX:CTP)

ALERT: Price-sensitive ASX Announcement for CTP
Current share price for CTP : $0.064 -0.007 (-9.86%)+
Announcement
Release
31 Jul 2026 9:52AM
Price at Release
$0.071
Full Release
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Summary
Central Petroleum Limited's Quarterly Activities Report and Appendix 5B for the quarter ending 30 June 2026 highlights several key financial and operational developments. The company secured an increase in its loan facility up to $15 million, repayable starting March 2027. Central Petroleum reported a decrease in sales volume due to maintenance activities across its Northern Territory fields, bringing sales revenue to $10.9 million, slightly lower than the previous quarter. A new Gas Supply Agreement was signed to supply up to 10.5 PJ to the Northern Territory Government, supporting the drilling of new wells in Palm Valley. The company fully repaid its gas overlift liability at Mereenie, which will significantly reduce operating expenses. Despite these challenges, Central maintained a strong cash position of $20.4 million at the quarter's end, supported by positive net operating cash flows.
Key Points
  • Increased loan facility of up to $15 million, repayable from March 2027.
  • Quarterly sales revenue of $10.9 million, a 3.9% decrease from the previous quarter.
  • Gas Supply Agreement to supply up to 10.5 PJ to Northern Territory Government until 2034.
  • Full repayment of gas overlift liability at Mereenie, reducing future operating costs.
  • Cash position increased to $20.4 million by the end of the quarter.
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.