Proposed Acquisition of Central Petroleum Amadeus Assets

New Zealand Oil & Gas Group agrees to purchase interests in 3 producing Northern Territory assets from Central Petroleum.

Agreement is subject to conditions, including shareholder approval.

14.5mmboe increase in 2P reserves; a near 5 times increase.*

Cash payment of A$29m, adjusted for revenues and costs from 1 July 2020, and development carry capped at A$40m.

New Zealand Oil & Gas to acquire 70%, Cue Energy (New Zealand Oil & Gas 50.04% owned subsidiary) to acquire 30%.







For further information please contact the Company on:
email [email protected]
phone +64 4 495 2424

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Announcement PDF