Archive: May, 2022

Palm Valley-12 Weekly Drilling Update

Posted on 19 May 2022

The Operator (“Central”) (ASX: CTP) advises that on 16th May 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory, had reached a depth of 1687m at 0600 hrs ACST in the Lower Stairway Formation
Drilling of the 12 ¼" hole commenced on 10th May. In the past week 584 m of drilling has occurred. Following a successful LOT, drilling continued in the 12-¼" section to the current depth of 1687m MD. It is anticipated that the 12-¼" section TD (planned at ~ 2005m) will be reached on 18th May.

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Amadeus Operations Update

Posted on 11 May 2022

New Zealand Oil Gas has rec eived new information from the Operator (Central Petroleum, ASX: CTP Operator of the Palm Valley and Dingo permits. Given the Company’s renounceable rights issue offer is currently open, we are sharing this information now, before matters have developed and before any decision s have been made.

1 Key elements of the information received from Operator and known at present are as follows.

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Palm Valley-12 Weekly Drilling Update

Posted on 10 May 2022

The Operator (“Central”) (ASX: CTP) advises that on 9th May 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory, had reached a depth of 1103m at 0600 hrs ACST. In the past week a total of 283m of drilling has occurred reaching the planned total depth for the 17.5” hole section at 1103m on 5th May. Consequent to reaching total depth, the 13 3/8” casing has been run and cemented, the BOP and surface equipment has been pressure tested and the well is anticipated to commence drilling ahead in 12 ¼” hole from 10th May.

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Project Scout Offer Document

Posted on 9 May 2022

This document has been prepared by New Zealand Oil & Gas Limited (“NZO”) in connection with a 1 for 2.7625 renounceable rights offer of new ordinary shares to Eligible Shareholders.

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Gas Market Update

Posted on 5 May 2022

New Zealand Oil & Gas as part of the Mereenie Joint Venture, has entered into tradingand transportation agreements enabling sales of uncontracted gas into East Coasttrading hubs, including Brisbane and Sydney Short Term Trading Markets (STTMs),which currently offer premium gas pricing.

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