'Announcing Central’s first shareholder returns, through an on-market share buy-back
starting in September 2025.
“These improved results are a reflection of the substantial transformation we have achieved
in the past five years”, said Leon Devaney, CEO and Managing Director. “Our strengthened
financial position provides an opportunity to consider multiple pathways for near-term value
enhancement - whether through production expansion, targeted exploration, mergers and
acquisitions, early debt repayment, or the introduction of sustainable dividends”, he said.'
There is no date on the buy back start in the document, just 'September 2025'. Although the financial position has improved, I wouldn't buy anything until I heard the CEO address next week and some more clarity on exactly what they plan to do going forward. The thought of CTP undertaking an acquisition or merger at this point, given their track record regarding identifying 'credible partners' for farmouts, drilling etc, would make my stomach eat itself.
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central petroleum limited
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