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MARKETS

Central to sell Amadeus Basin assets to NZOG, Cue

CENTRAL Petroleum has agreed to sell 50% of its current working interest in its Amadeus Basin production assets to New Zealand Oil and Gas and Cue Energy for A$85 million – allowing it to go ahead with its upcoming drilling campaign in the Northern Territory.

Mark Tilly
Central to sell Amadeus Basin assets to NZOG, Cue

It's a new move for NZOG, which has been battered by the failure of the big budget Ironbark-1 well at the end of last year it participated in while its home ground of New Zealand presents further challenges....

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