“We have done the hard work and are now turning the corner on what has been a challenging period in the company’s history – the next 12 months will be a pivotal time. Increasing cash flows from new contracts and wells could see shareholders receive their first returns, and successful exploration drilling could unlock enormous value,” concludes Devaney".
"By early 2025, Central Petroleum will have drilled and commissioned two new wells at its Mereenie oil and gas field to further increase production capacity in response to market demand. The company and its partners at Mereenie will invest approximately AUD$30 million in the new wells, and with the offtake already contracted, it is expected to recover the costs rapidly".
Sounds promising, lets see what 2025 brings.
https://www.apacoutlookmag.com/oil-gas/central-petroleum-supplying-and-securing-australias-energy-future
Add to My Watchlist
What is My Watchlist?
