tiprankstipranks
Central Petroleum Initiates Mereenie Field Development
Company Announcements

Central Petroleum Initiates Mereenie Field Development

Horizon Oil Limited (AU:HZN) has released an update.

Maximize Your Portfolio with Data Driven Insights:

  • Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
  • Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

Central Petroleum Limited has commenced drilling its first development well in the Mereenie field, aiming to boost production capacity above 30 terajoules per day. The initiative is part of a two-well program expected to produce at least 25 petajoules of gas over their lifespan, potentially enhancing cash flow through expanded gas sales agreements.

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

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App