Central Petroleum Limited (AU:CTP) has released an update.
Horizon Oil Limited has solidified its market position by securing a long-term gas sales agreement with the Northern Territory Government, ensuring a steady supply of gas from the Mereenie gas field until the end of 2030. The deal, which also includes contingent supply arrangements, will support domestic gas needs and reduce reliance on the Northern Gas Pipeline. Additionally, an amended supply agreement with Arafura Rare Earths Limited aligns with the expected startup of the Nolans Project rare earth mine, enhancing Horizon’s project cash flows.
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