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An announcement from Central Petroleum Limited ( (AU:CTP) ) is now available.
Horizon Oil Limited announced the successful completion of the WM30 well, part of the Mereenie Development Program. This achievement, along with the WM29 well, is anticipated to enhance gas supply capabilities under the Northern Territory Government Gas Sales Agreement. The completion supports the company’s strategic positioning in the energy market and highlights its operational efficiency, as the drilling was finished on time and within budget.
More about Central Petroleum Limited
Horizon Oil Limited operates in the energy sector, focusing on oil and gas exploration and production. The company is involved in the development of energy resources, primarily in collaboration with joint venture partners, and is focused on supplying gas to government agreements.
YTD Price Performance: 28.00%
Average Trading Volume: 642,054
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$47.7M
See more insights into CTP stock on TipRanks’ Stock Analysis page.
