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An announcement from Horizon Oil Limited ( (AU:HZN) ) is now available.
Central Petroleum and its Mereenie and Palm Valley joint venture partners have secured an extension from the Northern Territory’s Power and Water Corporation to finalise binding gas sales agreements, moving the execution deadline from 1 April to 10 April 2026. The short extension underscores ongoing negotiations over future gas supply arrangements, which are significant for regional energy security and for Central’s role as a major onshore gas supplier in the Northern Territory.
The most recent analyst rating on (AU:HZN) stock is a Buy with a A$0.30 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, supplying gas to customers across central and northern Australia. The company also pursues growth through exploration, appraisal and development projects in the Amadeus, Cooper and onshore Otway basins, key hydrocarbon regions in Australia.
Average Trading Volume: 2,633,646
Technical Sentiment Signal: Buy
Current Market Cap: A$455.7M
Find detailed analytics on HZN stock on TipRanks’ Stock Analysis page.