Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
An update from Horizon Oil Limited ( (AU:HZN) ) is now available.
Central Petroleum Limited announced that its gas supply agreement for Arafura’s Nolan’s rare earth project has lapsed due to unmet conditions, prompting the company and its Mereenie joint venture partners to re-market the gas for sale starting in 2028. This decision underscores the critical need for reliable long-term gas supplies in the NT and east coast markets, highlighting Central Petroleum’s position as a key player in providing firm gas backed by proven reserves, which is crucial for funding and developing major capital projects.
More about Horizon Oil Limited
Central Petroleum Limited is an ASX-listed Australian oil and gas producer with exploration and appraisal permits in the Northern Territory (NT). It is the largest onshore gas operator in the NT, supplying residential and industrial customers in the NT and the broader Australian east coast market. The company aims to become a major domestic energy supplier, with interests in helium and naturally occurring hydrogen, and operates across 169,112 km² of tenements, including significant onshore conventional gas prospects in the Amadeus Basin.
YTD Price Performance: 30.0%
Average Trading Volume: 27,335
Technical Sentiment Signal: Sell
Current Market Cap: $205.8M
For detailed information about HZN stock, go to TipRanks’ Stock Analysis page.