Tag: Mereenie

New Zealand Oil & Gas Buys More Of The Mereenie Gas Field

Posted on 14 February 2024


  • Conditional acquisition of a further 25% interest in the Mereenie gas field, AmadeusBasin, NT, Australia
  • Doubles Mereenie 2P Total reserves and increases NZO's net 2P Total Reserves by 41%
  • Upfront payment of A$42.5m, to be adjusted for revenues and costs from 1 April 2023,and further contingent payments of up to A$9m
  • 100% vendor debt facility of up to A$63m covers all purchase and transaction costs,with additional availability to fund development activity


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New Zealand Oil & Gas Signs Gas Supply Agreement With Arafura Rare Earths

Posted on 13 February 2024

  • New Zealand Oil & Gas signs a conditional Gas Supply Agreement with Arafura Rare Earths for up to 4.8 Petajoules (PJ) of gas to be supplied for a period of up to 5 years from 2026.

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Mereenie Helium Recovery Unit Mou

Posted on 30 August 2023

New Zealand Oil & Gas and its Mereenie Joint Venture Partners (the Mereenie JV) have entered into a Memorandum of Understanding (MOU) with Twin Bridges LLC (Twin Bridges), a private US company who specialises in helium appraisal and production, to progress a helium recovery unit (HRU) project at the Mereenie field in the Northern Territory towards a final investment decision (FID). Central Petroleum Limited (Central) is the field Operator and has issued a release which contains the key points regarding the MOU.

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New Zealand Oil & Gas Signs New East Coast Gas Supply Agreement

Posted on 15 December 2022

• New Zealand Oil & Gas signs a new Gas Supply Agreement with South32 Cannington for supply of gas from the Mereenie field
• Two-year term from 1 January 2023 for delivery of 0.38 Petajoules (PJ) of gas from New Zealand Oil & Gas into the East Coast domestic market.
• Fixed price, take-or-pay contract reflects strong market conditions

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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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Amadeus Basin Update

Posted on 7 March 2022

The Operator of the Mereenie, Palm Valley and Dingo fields, Central Petroleum Ltd (Central) (ASX: CTP) has advised that it has updated its share of reserves for Mereenie, Palm Valley and Dingo.

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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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Mereenie Production Wells WM27 & WM28 Completed And Rig Released

Posted on 28 September 2021

The operator of the Mereenie joint venture, Central Petroleum Limited (ASX:CTP) (“Central”) has advised that drilling and completion of the new production wells WM-27 and WM-28 has been completed and the Easternwell Rig 27 was released on 23 September 2021.


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