Central Petroleum is now the largest onshore gas producer in the Northern Territory

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Central Petroleum (ASX: CTP) ended the June quarter in the strongest financial position ever with over $15 million cash available after paying Santos the $10 million final instalment on the acquisition of its 50% interest in the Mereenie oil and gas field. This completes CTP's strategy commenced three years ago to transform the company from an explorer with small oil production to the largest onshore gas producer in the Northern Territory. Read the Managing Director's full report