Amadeus Basin Farmout Update
Brisbane, Aug 1, 2022 AEST (ABN Newswire) - Central Petroleum Limited (
ASX:CTP) (C9J:FRA) (CNPTF:OTCMKTS) refers to its announcements dated 9 February 2022 and 30 June 2022 regarding the Peak Helium farmout transaction.
The conditions precedent satisfaction date for the Peak Helium farmout is 31 July 2022. The conditions precedent have been continuing to progress well and Peak Helium have requested a further month to satisfy the remaining conditions. Accordingly, the parties have agreed to extend the conditions precedent satisfaction date by 1 month to 31 August 2022. We understand Santos have also provided Peak Helium with a similar conditions precedent extension for their farmout arrangements.
About Central Petroleum Limited
Central Petroleum Limited (
ASX:CTP) is an established ASX-listed Australian oil and gas producer (ASX:CTP) with exploration and appraisal permits in the Northern Territory (NT). Central has grown to become the largest onshore gas operator in the NT, supplying residential and industrial customers in the NT and wider Australian east coast market.
Central is seeking to become a major domestic energy supplier, in addition to helium and naturally occurring hydrogen, with exploration, appraisal and development plans across 169,112 km2 of tenements the NT, including some of Australia's largest known onshore conventional gas prospects in the Amadeus Basin.
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