The condition precedent date of a gas supply agreement with Central PetroleumCTP , Horizon Oil HZN , New Zealand Oil & Gas NZO and Cue Energy's CUE joint venture at the Mereenie gas field in Australia's Northern Territory has been extended by one month to July 31, according to a Monday Australian bourse filing.
The three-year agreement with Arafura Rare Earths ARU is to supply up to a combined 27.4 petajoules of natural gas from 2026 with a two-year extension option. Terms include take or pay provisions and conditions precedent regarding the development of Arafura's Nolans rare earths project being met, according to a Feb. 12 filing.
Arafura Rare Earths Ltd, page-756
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