The Mereenie Joint venture entered into an agreement with South32 to extend the
gas supply agreement for supply of Gas from the Mereenie field for an additional
twelve months, conditional of transportation arrangements. This was announced
by Central Petroleum Limited (ASX: CTP) and New Zealand Oil & Gas Limited (ASX:
NZO) on 21 September 2023, a period where Horizon was not a party to the Joint
Venture. This agreement has become unconditional.
HZN has a 25% interest in the Mereenie project along with joint venture partners
Central (25% Operator), NZOG (42.5%) and Cue Energy Resources (7.5%).
Horizon CEO, Richard Beament commented:
The South32 GSA extension is an important transaction for the Mereenei Joint
Venture, with its extension for an additional twelve months now becoming
unconditional. The South32 GSA will result in the Mereenie Joint Venture
supplying 1.46PJ of gas in 2025 to South32, further emphasising Mereenie’s
importance in the supply of gas to East Coast gas markets.
