Sydney, Australia, June 5, 2012 - (ABN Newswire) - Central Petroleum Ltd (ASX:CTP.AX - News) announces that Mr Richard Cottee has been confirmed as CEO following the Company's recent Board meeting.
Chairman Dr Henry Askin said Mr Cottee's appointment is effective immediately. His continuing engagement and the provision of his services, as previously detailed, are conditional upon shareholder approval of Mr Cottee as a director.
The appointment of Mr Cottee has been brought forward by the Board because of the pressing requirements of Company business, in particular the need to progress commercial negotiations in the development program.
The appointment of Mr Cottee as a director of the Company is subject to shareholder approval at a General Meeting (GM) on 22 June 2012. Details of the GM Resolutions were sent to shareholders in a Notice of Meeting released to the ASX on 21 May 2012.
The Company extends its appreciation and thanks to Mr Dalton Hallgren who as Acting CEO has provided key support in this interim period. Dalton will resume his position as Chief Operating Officer.
About Central Petroleum Limited:
Central Petroleum (ASX:CTP.AX - News) is an ASX listed junior exploration and production company operating what is regarded as the biggest package of prospective acreage in Australia.
Contact:
Central Petroleum Limited T: +618-9474-1444 F: +618-9474-1555 WWW: www.centralpetroleum.com.au
Source:
Central Petroleum Limited
Copyright (C) 2012 ABN Newswire. All rights reserved.
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