Tag: Amadeus Basin

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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Amadeus Basin Exploration Well Programme Update

Posted on 26 January 2022

As previously announced, planning continues for the Q1 2022 Palm Valley and Dingo exploration well drilling program

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Amadeus Basin Update

Posted on 20 December 2021

Mereenie: -

The operator of the Mereenie joint venture, Central Petroleum Limited (ASX:CTP) (“Central”) has advised that a coil tubing unit is being mobilised to site in January to further improve production from a number of wells including some of the previous development campaign wells.

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New Gas Supply Agreement – Amadeus Assets

Posted on 29 November 2021

New Zealand Oil & Gas is pleased to confirm it has entered a new gas supply agreement for supply of gas to Northern Territory’s Power and Water Corporation via a back-to-back agreement with Macquarie Mereenie Pty Limited.

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Regulatory Approval Received from Northern Territory Government

Posted on 10 September 2021

The Northern Territory Government has today provided its regulatory approval to New Zealand Oil & Gasin relation to the transaction to acquire Amadeus Basin Assets from Central Petroleum. This satisfies a key condition precedent of the transaction.

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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.

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Proposed Acquisition Of Central Petroleum Amadeus Basin Assets

Posted on 25 May 2021

New Zealand Oil & Gas Group agrees to purchase interests in 3 producing Northern Territory assets from Central Petroleum.
Agreement is subject to conditions, including shareholder approval.

14.5mmboe increase in 2P reserves; a near 5 times increase.*

Cash payment of A$29m, adjusted for revenues and costs from 1 July 2020, and development carry capped at A$40m.

New Zealand Oil & Gas to acquire 70%, Cue Energy (New Zealand Oil & Gas 50.04% owned subsidiary) to acquire 30%.

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