New Zealand Oil & Gas Limited (AU:NZO) has released an update.
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Horizon Oil Limited has successfully secured long-term gas sales agreements, ensuring a stable gas supply to the Northern Territory from 2025 to 2030, which includes contingency plans for NGP outages. The agreements with the Northern Territory Government and Arafura Rare Earths Limited will underpin domestic gas supply and support further investment in the Mereenie field, including the drilling of two new infill wells. These strategic agreements are set to enhance Horizon’s project cash flows through the end of the decade.
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