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Central Petroleum Surpasses Production Targets with New Mereenie Wells, Revenue Jumps 22%
8:56am on Tuesday 29th of April, 2025 AEST
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Energy
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Central Petroleum Surpasses Production Targets with New Mereenie Wells, Revenue Jumps 22%
8:56am on Tuesday 29th of April, 2025 AEST
Key Points
Two new Mereenie wells exceed production targets, boosting gas output by 9 TJ/day
Sales volumes steady at 1.17 PJe despite maintenance and lower oil liftings
Average gas price rises 22% to $9.78/GJe, lifting sales revenue to $11.4 million
Operating cash inflows increase 45% to $3.7 million after exploration and interest costs
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