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Central Petroleum Eyes Mereenie Gas Supply Deal

Central Petroleum Eyes Mereenie Gas Supply Deal

Central Petroleum Limited (AU:CTP) has released an update.

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Central Petroleum Limited has announced an Expression of Interest for the supply of gas from the Mereenie field, with up to 90PJ of gas available for delivery from mid-2024 to the end of 2030. Following a deal on 14 February 2024, NZO will increase its stake in the Mereenie Joint Venture to 42.5%, while other partners will adjust their shares accordingly. New Zealand Oil & Gas Limited, a key player in Australasian energy exploration and production, continues to explore and develop assets while maintaining high ESG standards.

For further insights into AU:CTP stock, check out TipRanks’ Stock Analysis page.

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