Australia's Central Petroleum gains on gas supply agreement with Incitec Pivot unit

Central Petroleum

22/12/2023 02:51

** Shares of Australia's Central Petroleum  CTP.AX  rise as
much as 4.7% to A$0.045, marking their biggest intraday pct gain
since Dec. 11
    ** Stock at its highest level since Dec. 15
    ** Oil & gas explorer and producer says it signed gas supply
agreement with Incitec Pivot Fertilisers, a unit of Australia's
Incitec Pivot  IPL.AX  
    ** Agreement for supply of 0.87 Petajoules of gas (net to
Central) in FY24
    ** CTP down 46.3% YTD, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))