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Central Petroleum in discussions with institutions

The halt will remain in place until Monday 14th August 2017

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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.

Quick facts: Central Petroleum Ltd

Price: 0.13 AUD

ASX:CTP
Market: ASX
Market Cap: $94.03 m
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