Central Petroleum Eyes Mereenie Gas Supply Deal
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Central Petroleum Eyes Mereenie Gas Supply Deal

Central Petroleum Limited (AU:CTP) has released an update.

Central Petroleum Limited has announced an Expression of Interest for the supply of gas from the Mereenie field, with up to 90PJ of gas available for delivery from mid-2024 to the end of 2030. Following a deal on 14 February 2024, NZO will increase its stake in the Mereenie Joint Venture to 42.5%, while other partners will adjust their shares accordingly. New Zealand Oil & Gas Limited, a key player in Australasian energy exploration and production, continues to explore and develop assets while maintaining high ESG standards.

For further insights into AU:CTP stock, check out TipRanks’ Stock Analysis page.

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