Central Petroleum Limited (AU:CTP) has released an update.
Central Petroleum Limited has announced an Expression of Interest for the supply of gas from the Mereenie field, with the aim to provide up to 40TJ/d or 90PJ of gas from mid-2024 to the end of 2030. The company, in collaboration with other participants including Macquarie Mereenie and New Zealand Oil & Gas, is seeking to secure contracts for the delivery of this substantial volume of onshore Australian gas. Cue Energy Resources Limited, which has a 7.5% interest in the Mereenie gas field, is part of this venture and is an ASX-listed entity with a diverse portfolio of production and exploration assets.
For further insights into AU:CTP stock, check out TipRanks’ Stock Analysis page.
