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flag Central Petroleum reports a 7% rise in earnings and secures long-term gas deals, boosting profits.

flag Central Petroleum, an Australian oil and gas firm, reported a 7% rise in half-year earnings to $8.6 million and secured long-term gas sales agreements with the Northern Territory Government. flag This led to a 21% increase in average gas prices to $9.70/GJ and a statutory net profit of $1.5 million. flag The company extended its loan facility for five years and expects further growth from new production wells and higher prices.

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