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New Zealand Oil & Gas Limited ( (AU:ECH) ) has issued an announcement.
Central Petroleum Limited has signed a new gas supply agreement with McArthur River Mining Pty Ltd to provide 1.3 Petajoules of gas over two years starting from December 31, 2025. This agreement, which includes take-or-pay provisions and a fixed price, enhances cash flow certainty for Central and ensures that all expected firm gas production over the next two years is contracted. The deal leverages Central’s existing supply portfolio and strengthens its market position amidst current gas market uncertainties.
More about New Zealand Oil & Gas Limited
Central Petroleum Limited is an ASX-listed Australian oil and gas producer with exploration and appraisal permits in the Northern Territory. It is the largest onshore gas operator in the NT, supplying residential and industrial customers in the NT and the wider Australian east coast market. The company aims to become a major domestic energy supplier, including helium and naturally occurring hydrogen, with extensive exploration and development plans.
Average Trading Volume: 19,266
Technical Sentiment Signal: Hold
Current Market Cap: A$78.38M
For an in-depth examination of ECH stock, go to TipRanks’ Overview page.