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The latest announcement is out from Central Petroleum Limited ( (AU:CTP) ).
Horizon Oil Limited announced the successful completion of the WM29 well as part of the Mereenie Development Program, with operations continuing to the WM30 well to enhance gas production in the Mereenie Field. The increased production capacity aligns with the Northern Territory Government Gas Sales Agreement, potentially boosting supply and strengthening the company’s position in the gas market.
More about Central Petroleum Limited
Horizon Oil Limited is an Australian company engaged in the exploration, development, and production of oil and gas. It focuses on projects in the Asia-Pacific region, aiming to enhance its production capabilities and expand its market presence.
YTD Price Performance: 8.00%
Average Trading Volume: 546,475
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$40.24M
Learn more about CTP stock on TipRanks’ Stock Analysis page.
