Results of General Meetings
Perth, June 25, 2012 AEST (ABN Newswire) - Central Petroleum Ltd (
ASX:CTP) advises that all resolutions considered at the Company's General Meetings held 12.00 noon and 2.00pm on 22 June 2012 were passed with the requisite majorities by way of a poll.
In accordance with Listing Rule 3.13.2 and section 251AA(2) of the Corporations Act 2001 (Cth), the Company advises details of the resolutions, direct votes and proxies received in respect of each resolution as set out in the attached Proxy and Direct Vote Summary for each meeting.
Mr Richard Cottee, Managing Director and Chief Executive Officer, said "I am pleased shareholders were given the opportunity to vote for my appointment as a director. The shareholders have set a new direction for Central Petroleum with a clear message that it is now time to focus on the commercial development of our assets and the creation of shareholder wealth."
About Central Petroleum Limited
Central Petroleum Limited (
ASX:CTP) is a well-established, and emerging ASX-listed Australian oil and gas producer. In our short history, Central has grown to become the largest onshore gas producer in the Northern Territory (NT), supplying industrial customers and senior gas distributors in NT and the wider Australian east coast market.
Central is positioned to become a significant domestic energy supplier, with exploration and development plans across 180,000 km2 of tenements in Queensland and the Northern Territory, including some of Australia's largest known onshore conventional gas prospects. Central has also completed an MoU with Australian Gas Infrastructure Group (AGIG) to progress the proposed Amadeus to Moomba Gas Pipeline to a Final Investment Decision.
We are also seeking to develop the Range gas project, a new gas field located among proven CSG fields in the Surat Basin, Queensland with 135 PJ (net to Central) of development-pending 2C contingent resource.
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