Central Petroleum granted voluntary suspension pending capital raising announcement

Central Petroleum (ASX:CTP) has been granted a voluntary suspension by the ASX pending a material capital raising announcement, with the company's shares placed in pre-open.

Central Petroleum requested the voluntary suspension to last until the earlier of the announcement being released to the market, or the opening of trade on Thursday 15 September 2011.


About Central Petroleum

Central Petroleum is a junior exploration and production company with extensive granted and pending tenement acreage in Central Australia, totalling over 70 million acres, predominately in the Northern Territory, almost entirely 100% net owned.

Within this acreage large resources of oil, natural gas, helium and coal have been identified and/or inferred by independent geological assessment. These resources are located within four main geological structures; the Amadeus, Pedirka, South Georgina basins and the Lander Trough of the Wiso Basin.

Central Petroleum has identified a number of oil and gas prospects in the already-producing Amadeus Basin and in the Pedirka Basin which could be brought to market relatively quickly following further drilling to determine the full extent of the resources.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/19539/central-petroleum-granted-voluntary-suspension-pending-capital-raising-announcement-19539.html