Central Petroleum has resilient quarter

ASX-listed junior Central Petroleum took a hit during the June quarter due to depressed oil prices in the wake of the COVID-19 pandemic but managing director Leon Devany said he remained pleased with the company’s financial resilience.

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Sales revenue from its three producing wells in the Northern Territory came to A$14 million, down 8% from the previous quarter.

Sales volume totalled 2.53 petajoules equivalent, down 4.