Central Petroleum Extends Deadline for Binding NT Gas Sales Agreements

Cue Energy Resources Limited ( (AU:CUE) ) has provided an announcement.

Central Petroleum Limited and its Mereenie and Palm Valley joint venture partners have reached an agreement with the Northern Territory’s Power and Water Corporation to extend the deadline for executing binding gas sales agreements from 1 April 2026 to 10 April 2026. The short extension suggests negotiations over key commercial terms are nearing conclusion and remains important for securing ongoing gas supply contracts that underpin Central’s production profile and reinforce its position as a major onshore gas supplier in the Northern Territory.

The most recent analyst rating on (AU:CUE) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Cue Energy Resources Limited stock, see the AU:CUE Stock Forecast page.

More about Cue Energy Resources Limited

Central Petroleum Limited is an ASX-listed Australian oil and gas producer and the largest onshore gas operator in the Northern Territory, supplying gas to customers across central and northern Australia. The company also holds a pipeline of growth projects spanning exploration, appraisal and development in key hydrocarbon basins including the Amadeus Basin in the Northern Territory, the Cooper Basin in South Australia and the onshore Otway Basin in Victoria.

Average Trading Volume: 582,949

Technical Sentiment Signal: Buy

Current Market Cap: A$101.5M

For a thorough assessment of CUE stock, go to TipRanks’ Stock Analysis page.