Central Petroleum, JV Partners Say Second Well at Mereenie JV Starts Production Ahead of Schedule

MT Newswires Live

Mar 07, 2025

Central Petroleum (ASX:CTP) along with its joint venture (JV) partners Cue Energy Resources (ASX:CUE), Horizon Oil (ASX:HZN), and Echelon Resources (ASX:ECH) said the well at the Mereenie JV is online ahead of schedule and producing over 4 terajoules per day (Tj/d), above previous expectations of 3 TJ/d, according to a filing with the Australian bourse.

The combined gas sales of both wells at the JV have increased by 9 Tj/d, bringing the gas field's total capacity to 32 Tj/d, the filing said.

The company operates the joint venture with a 25% interest, while Echelon holds a 42.5% stake, and Horizon Oil owns 25%.

Central Petroleum's shares inched up 2% in recent trade.

Price (AUD): $0.06, Change: $+0.0010, Percent Change: +1.64%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2517666141"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2517666141\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2517666141?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-07 10:07","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2517666141","market":"hk","top_or_hot":-1,"title":"Central Petroleum, JV Partners Say Second Well at Mereenie JV Starts Production Ahead of Schedule","media":"MT Newswires Live","content":"<html><body><p> Central Petroleum (ASX:CTP) along with its joint venture (JV) partners Cue Energy Resources (ASX:CUE),  Horizon Oil (ASX:HZN), and Echelon Resources (ASX:ECH) said the well at the Mereenie JV is online ahead of schedule and producing over 4 terajoules per day (Tj/d), above previous expectations of 3 TJ/d, according to a filing with the Australian bourse.</p><p>The combined gas sales of both wells at the JV have increased by 9 Tj/d, bringing the gas field's total capacity to 32 Tj/d, the filing said.</p><p>The company operates the joint venture with a 25% interest, while Echelon holds a 42.5% stake, and Horizon Oil owns 25%.</p><p>Central Petroleum's shares inched up 2% in recent trade.</p><p>Price (AUD): $0.06, Change: $+0.0010, Percent Change: +1.64%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Central Petroleum, JV Partners Say Second Well at Mereenie JV Starts Production Ahead of Schedule</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCentral Petroleum, JV Partners Say Second Well at Mereenie JV Starts Production Ahead of Schedule\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-03-07 10:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Central Petroleum (ASX:CTP) along with its joint venture (JV) partners Cue Energy Resources (ASX:CUE),  Horizon Oil (ASX:HZN), and Echelon Resources (ASX:ECH) said the well at the Mereenie JV is online ahead of schedule and producing over 4 terajoules per day (Tj/d), above previous expectations of 3 TJ/d, according to a filing with the Australian bourse.</p><p>The combined gas sales of both wells at the JV have increased by 9 Tj/d, bringing the gas field's total capacity to 32 Tj/d, the filing said.</p><p>The company operates the joint venture with a 25% interest, while Echelon holds a 42.5% stake, and Horizon Oil owns 25%.</p><p>Central Petroleum's shares inched up 2% in recent trade.</p><p>Price (AUD): $0.06, Change: $+0.0010, Percent Change: +1.64%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7142","symbol_name":"石油与天然气的勘探与生产","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2517666141","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517666141","pubTimestamp":1741313256,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Central Petroleum  along with its joint venture  partners Cue Energy Resources ,  Horizon Oil , and Echelon Resources  said the well at the Mereenie JV is online ahead of schedule and producing over 4 terajoules per day , above previous expectations of 3 TJ/d, according to a filing with the Australian bourse.The combined gas sales of both wells at the JV have increased by 9 Tj/d, bringing the gas field's total capacity to 32 Tj/d, the filing said.The company operates the joint venture with a 25% interest, while Echelon holds a 42.5% stake, and Horizon Oil owns 25%.Central Petroleum's shares inched up 2% in recent trade.Price : $0.06, Change: $+0.0010, Percent Change: +1.64%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7142":"石油与天然气的勘探与生产","CTP.AU":"CENTRAL PETROLEUM LTD","ECH.AU":"Echelon Resources Limited","HZN.AU":"HORIZON OIL LTD","CUE.AU":"CUE ENERGY RESOURCES LIMITED"},"translate_title":"Central Petroleum和合资伙伴表示Mereenie合资企业的第二口井提前开始生产","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CUE.AU":0.9,"CTP.AU":0.9,"HZN.AU":0.9,"ECH.AU":0.9},"content_text":"Central Petroleum (ASX:CTP) along with its joint venture (JV) partners Cue Energy Resources (ASX:CUE),  Horizon Oil (ASX:HZN), and Echelon Resources (ASX:ECH) said the well at the Mereenie JV is online ahead of schedule and producing over 4 terajoules per day (Tj/d), above previous expectations of 3 TJ/d, according to a filing with the Australian bourse.The combined gas sales of both wells at the JV have increased by 9 Tj/d, bringing the gas field's total capacity to 32 Tj/d, the filing said.The company operates the joint venture with a 25% interest, while Echelon holds a 42.5% stake, and Horizon Oil owns 25%.Central Petroleum's shares inched up 2% in recent trade.Price (AUD): $0.06, Change: $+0.0010, Percent Change: +1.64%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}