Australia's Central Petroleum jumps to 6-week high on share buyback programme

Central Petroleum

30/07/2025 01:54

** Shares of Central Petroleum CTP.AX rise as much as 9.1% to A$0.060, their highest level since June 17

** The oil and gas producer says it will start an on-market share buyback programme September 15

** Co to buy back up to 10% of its issued capital over a 12-month period

** About 2.8 million shares change hands, 4.4 times the 30-day average of 644,473

** YTD, shares up 13.2%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))