tiprankstipranks
Central Petroleum Kicks Off Mereenie Gas Drilling
Company Announcements

Central Petroleum Kicks Off Mereenie Gas Drilling

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

Pick the best stocks and maximize your portfolio:

Central Petroleum Ltd has commenced drilling at the Mereenie Field in the Amadeus Basin, targeting increased gas production to meet market demand. The drilling of two wells, West Mereenie-29 and West Mereenie-30, is expected to be completed by early 2025, aiming to tap into significant undeveloped gas reserves. This development could enhance the company’s capacity to supply the Northern Territory market, potentially impacting stock valuations for Central Petroleum and its joint venture partners.

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

Related Articles
TipRanks Australian Auto-Generated NewsdeskCentral Petroleum Starts New Drilling to Boost Gas Output
TipRanks Australian Auto-Generated NewsdeskCentral Petroleum Director Increases Shareholding
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