Central Petroleum Wins Short Extension on NT Gas Sales Deadline

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

Central Petroleum has secured a short extension to its deadline for finalising binding gas sales agreements with Northern Territory utility Power and Water Corporation, moving the cut-off from 24 March 2026 to 1 April 2026. The additional time, agreed with partners in the Mereenie and Palm Valley joint ventures, helps keep a key gas supply negotiation on track, underpinning future sales from its Northern Territory operations and providing greater clarity for regional energy customers and stakeholders.

The extension signals continued progress in converting earlier letters of intent into firm contracts, which are important for revenue visibility and planning across Central Petroleum’s onshore gas portfolio. While brief, the revised timetable highlights the significance of these agreements for both the company’s role as a major NT gas supplier and the stability of power and gas supply in central and northern Australia.

The most recent analyst rating on (AU:CUE) stock is a Hold with a A$0.15 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, supplying gas to customers across central and northern Australia. The company also pursues exploration, appraisal and development projects in the Amadeus, Cooper and onshore Otway basins, targeting growth in some of the country’s key hydrocarbon-producing regions.

Average Trading Volume: 550,925

Technical Sentiment Signal: Buy

Current Market Cap: A$94.47M

For detailed information about CUE stock, go to TipRanks’ Stock Analysis page.