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The latest announcement is out from Horizon Oil Limited ( (AU:HZN) ).
Central Petroleum and its joint venture partners at the Mereenie and Palm Valley gas fields have secured an extension from Northern Territory’s Power and Water Corporation to finalise binding gas sales agreements. The deadline for executing these long-term supply contracts has been pushed from 20 February 2026 to 2 March 2026, giving the parties additional time to lock in terms for future gas deliveries.
The short extension suggests negotiations over the new gas supply arrangements are well advanced but not yet concluded. Completion of these contracts would underpin continued production from Central’s key Northern Territory assets and support regional energy security, with implications for revenue visibility and planning for both the company and its offtaker.
The most recent analyst rating on (AU:HZN) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Horizon Oil Limited stock, see the AU:HZN Stock Forecast page.
More about Horizon Oil Limited
Central Petroleum Limited is an ASX-listed Australian oil and gas producer and the largest onshore gas operator in the Northern Territory. The company supplies gas to customers across central and northern Australia and holds a portfolio of exploration, appraisal and development projects in the Amadeus, Cooper and onshore Otway basins, key hydrocarbon regions in the country.
Average Trading Volume: 1,090,931
Technical Sentiment Signal: Buy
Current Market Cap: A$382.5M
Learn more about HZN stock on TipRanks’ Stock Analysis page.