Central Petroleum Wins Extension to Finalise NT Gas Sales Agreements

Cue Energy Resources Limited ( (AU:CUE) ) has provided an announcement.

Central Petroleum has secured a short extension to its deadline to finalise binding gas sales agreements with the Northern Territory’s Power and Water Corporation for gas from the Mereenie and Palm Valley fields. The execution deadline has been pushed from 20 February 2026 to 2 March 2026, giving the company and its joint venture partners additional time to convert earlier letters of intent into long-term supply contracts.

The brief extension maintains momentum on Central’s planned long-term gas supply arrangements while providing a narrow window to complete commercial terms. Successful completion of these agreements would underpin production from key Northern Territory assets and further consolidate Central’s role as a core supplier in regional gas markets.

The most recent analyst rating on (AU:CUE) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Cue Energy Resources Limited stock, see the AU:CUE Stock Forecast page.

More about Cue Energy Resources 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 is pursuing growth through exploration, appraisal and development projects in the Amadeus, Cooper and onshore Otway basins.

Average Trading Volume: 251,853

Technical Sentiment Signal: Buy

Current Market Cap: A$90.97M

For a thorough assessment of CUE stock, go to TipRanks’ Stock Analysis page.