** Shares of Central Petroleum Ltd CTP.AX rise 1.8% to A$0.057, their highest levels since Nov 7, 2024
** The oil and gas explorer completes drilling of first of two wells at its Mereenie development wells in Northern Territory
** Says completion is earlier than expected in response to gas shortages in the Northern Territory
** Says the second well was also spudded
** Co adds that the two wells expected to produce at least 25 PJ of gas over their lifetime
** About 1.1 mln shares change hands, 2.3x the 30-day average of 462,125
** Stock up 10.4% in 2024
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((Jasmeenaraislam.shaikh@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.