Regulatory Approval Received from Northern Territory Government

Source: www.gulfoilandgas.com 9/10/2021, Location: Not categorized

The Northern Territory Government has provided its regulatory approval to Cue in relation to the transaction to acquire Amadeus Basin assets from Central Petroleum. This satisfies a key condition precedent of the transaction.

Conditions remaining to be satisfied are third party approvals.

As announced on 25 May 2021, Cue has executed a sale and purchase agreement to acquire a 7.5% interest in the Mereenie gas and oil field and 15% interest in the Palm Valley and Dingo gas fields in the Amadeus Basin, onshore Northern Territory.


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