Cue Energy Resources Limited (ASX: CUE) announces that Central Petroleum Limited (ASX: CTP), the Operator of Cue’s onshore Australian gas production fields, Mereenie, Palm Valley and Dingo, has issued the attached release announcing the execution of a Gas Supply Agreement (GSA) with Power and Water Corporation (PWC) for the supply of as-available gas from the Mereenie field to the end of 2024, and providing an update on the Northern Territory gas market.
Cue has a 7.5% interest in the Mereenie gas field. Other participants are Central Petroleum (Operator) 25%, Macquarie Mereenie 50% and New Zealand Oil & Gas 17.5%
To view the full ASX Announcement, click here
Source: CUE Energy