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Central Petroleum reports a 7% rise in earnings and secures long-term gas deals, boosting profits.
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.
This led to a 21% increase in average gas prices to $9.70/GJ and a statutory net profit of $1.5 million.
The company extended its loan facility for five years and expects further growth from new production wells and higher prices.
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Central Petroleum informa de un aumento del 7% en las ganancias y asegura acuerdos de gas a largo plazo, lo que aumenta las ganancias.