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Central signs gas agreement with Macquarie

AUSTRALIAN oil and gas company Central Petroleum has varied its sales agreement for 3.5 petajoules of gas per annum with Macqurie and secured  a 12 month extension to its finance facility with the bank. 

The Mereenie field

The Mereenie field

The agreement changes a prior arrangement for the bank to hold an option to take gas between 2022-23 to it making a firm payment by December 15, giving the Northern Territory and Queensland-focussed company...

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