Central Petroleum Boosts Revenue with New Gas Agreements
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Central Petroleum Boosts Revenue with New Gas Agreements

Central Petroleum Limited (AU:CTP) has released an update.

Central Petroleum Limited has secured new long-term gas supply agreements that promise higher and more stable cash flows by eliminating risks from Northern Gas Pipeline interruptions. The company reported a 6.7% increase in sales revenue for the September quarter, driven by a 6% rise in sales volumes due to a tighter gas market in the Northern Territory. Additionally, Central has improved its net cash position and restructured its loan facility with Macquarie Bank, ensuring financial stability until 2029.

For further insights into AU:CTP stock, check out TipRanks’ Stock Analysis page.

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