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How Central Petroleum’s Multi-Basin Deal Could Transform Its Growth Trajectory
7:02pm on Monday 22nd of December, 2025 AEDT
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Energy
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How Central Petroleum’s Multi-Basin Deal Could Transform Its Growth Trajectory
7:02pm on Monday 22nd of December, 2025 AEDT
Key Points
Acquisition of 20% interest in Victorian PEP169 Otway Basin and 49% in South Australian PEL677 Cooper Basin permits
Planned drilling of multiple exploration wells starting mid-2026 through 2027
Total consideration of approximately $13.1 million plus royalties, conditional on approvals by January 2026
Access to high-value east coast gas markets and existing pipeline infrastructure
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