Mereenie Development Well WM27 Commences

Posted on 4 June 2021

The operator of the Mereenie joint venture, Central Petroleum Limited (ASX:CTP) (“Central”) has advised that WM27, the first Development well in the Mereenie Development Programme, was spudded on 3rd of June 2021 at 2145 hrs. The update release is attached. Further updates will be provided as the programme progresses.

New Zealand Oil & Gas announced on 25 May 2021 that it has agreed to acquire interests in three gas producing projects located in Australia’s Northern Territory from Central. The agreement is subject to shareholder approval, amongst other conditions, and a special meeting of shareholders to vote on the transaction is scheduled for 24 June 2021.1

“As we move towards our shareholder vote, I am pleased to begin sharing news on the activity at the Amadeus tenements” says Andrew Jefferies CEO New Zealand Oil & Gas. “These are great assets in a location with an excellent market, and the operator is getting after the development opportunities with sensible alacrity.”