Central Petroleum Extends Gas Supply Deal Timeline

New Zealand Oil & Gas Limited (AU:ECH) has released an update.

Central Petroleum Limited has extended the deadline for its conditional gas supply agreement with Arafura’s Nolans rare earths project to February 4, 2025. This move aligns with Central’s strategic aim to strengthen its presence as a major domestic energy supplier in Australia, particularly in the Northern Territory. Investors are keeping a close eye on the company’s development plans across its extensive tenements, which include significant onshore gas prospects in the Amadeus Basin.

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