SUPPLY OF ADDITIONAL GAS TO NORTHERN TERRITORY GAS MARKET

Central Petroleum Limited, the Operator of New Zealand Oil and Gas Limited’s (NZO) Amadeus Assets (Mereenie, Palm Valley and Dingo) has issued the attached media release confirming the execution of a Gas Supply Agreement (GSA) with Power and Water Corporation (PWC) for the supply of as-available gas through the end of 2024.

NZO has a 17.5% interest in the Mereenie Joint Venture, Cue Energy Resources (Cue) has a 7.5% interest, CTP a 25% interest and Macquarie Mereenie a 50% interest. As announced on 14 February 2024, NZO has agreed to purchase from Macquarie Mereenie a further 25% interest in the Mereenie licenses. From completion of that transaction, the participating interests will be: NZO 42.5%, Horizon Oil 25%, CTP 25% (Operator) and Cue 7.5%.

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Announcement PDF