Proactiveinvestors Australia

Central Petroleum www.centralpetroleum.com.au/

Central Petroleum (ASX: CTP) holds an extensive package of prospective acreage of over 270,000 km2 in central Australia, which is predominately in the Pedirka Basin, along with 25,000 km2 in the Southern Georgina Basin.

 

Apart from conventional gas potential, the company has had independent estimates of over 10,000 trillion cubic feet in UCG "syngas" prospective recoverable resources.

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Central Petroleum: speculation and clarification response

Central Petroleum (ASX: CTP) has this morning responded with a speculation and clarification statement to the ASX.

The company stated: 'Central Petroleum has become aware of certain public statements made whereby various shareholders will be seeking to requisition the Company to call and arrange a general meeting for the replacement of three of the company’s four directors.

'Namely, the replacement of Dr. Henry Askin (Chairman), Mr. Richard Faull (Non-Executive Director) and Mr. William Dunmore (Non-Executive Director) with Mr. Peter Cockcroft, Mr. John Jetter and Mr. Colin Goodall.

'The company confirms that it has not received a requisition to call and arrange a general meeting.'

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