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Central Petroleum positions Palm Valley wells for a potential 40% gas lift
4:47pm on Thursday 17th of September, 2026 AEST
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Oil and Gas
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Central Petroleum positions Palm Valley wells for a potential 40% gas lift
4:47pm on Thursday 17th of September, 2026 AEST
Key Points
$4.9 million statutory loss after $5.9 million exploration impairment
Revenue rose 3% to $44.7 million despite lower sales volumes
Two Palm Valley wells could lift group gas production by about 40%
Gas overlift liability cleared, potentially releasing $7 million in annual cash flow
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