Sign up
Oil Capital

Central Petroleum in discussions with institutions

The halt will remain in place until Monday 14th August 2017
Central is the largest onshore gas producer in the Northern Territory

Central Petroleum Ltd (ASX:CTP) remains focused on its gas strategy, which it is road showing to institutions to raise money through a placement.

The company will also undertake a non-renounceable pro rata entitlement offer.

CTP is the operator of the only producing onshore conventional gas fields in the Northern Territory at Mereenie, Palm Valley and Dingo.

The company has been granted a trading halt by the ASX to prepare the raising, which will remain in place until the opening of trade on Monday 14th August 2017, or earlier if an announcement is made to the market.

View full CTP profile View Profile
View All

Related Articles

© oil Capital 2018

Oil Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed oil companies to interact with institutional and highly capitalised investors.
Headquartered in London, Oil Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.