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An announcement from Central Petroleum Limited ( (AU:CTP) ) is now available.
Echelon Resources Limited has announced a new gas supply agreement with McArthur River Mining Pty Ltd, involving the supply of 2.1 Petajoules of firm gas and additional ‘as available’ gas during 2026 and 2027. This agreement, which includes take-or-pay provisions and a price indexed to CPI, highlights Echelon’s strategic positioning in providing reliable gas from the Amadeus Basin to support critical mining operations in the Northern Territory.
More about Central Petroleum Limited
Echelon Resources Limited is an Australasia-focused energy commodity exploration and production company based in Wellington, New Zealand. The company is involved in ethical and values-based development and exploration activities, with a portfolio of onshore and offshore oil and gas assets in Australia, New Zealand, and Indonesia. Echelon holds these stakes directly or through its significant stake in Cue Energy Resources Limited.
Average Trading Volume: 523,282
Technical Sentiment Signal: Hold
Current Market Cap: A$50.44M
For a thorough assessment of CTP stock, go to TipRanks’ Stock Analysis page.