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But Mr Palmer's involvement in the $173 million company may still contain another chapter, with Central Petroleum's newly installed chief executive and former
Queensland Gas Company boss Richard Cottee yesterday giving his strongest indication yet that the company's coal asset could be sold to the Queensland billionaire.
"I have spoken to him.... and I certainly indicated to him that my prime view is that this is an oil and gas compamy and not a coal company and I recognise that his experience in the coal area would be a key," Mr Cottee said outside yesterday's shareholder meeting in Perth.