Central Petroleum Limited (CNPTF) Discusses December Quarter Results, Otway and Cooper Basins Expansion, and Major Gas Supply Agreement Transcript

Core Insights - The company reported a strong cash position of almost $30 million at the end of December, resulting from careful capital management, reduced liabilities, and improved portfolio pricing [3] - A strategic move into oil and gas exploration acreage in the onshore Otway and Cooper Basins has been completed, with rigorous assessments conducted by technical and commercial teams to identify attractive acquisition opportunities [4] Financial Performance - The December quarter results indicate a solid financial standing, allowing the company to explore various attractive capital deployment options [3] Strategic Initiatives - The recent acquisition of exploration permits in the Otway and Cooper Basins is highlighted as a significant strategic move, with further details to be discussed by the COO [4]