“I am also very excited to be working with NZOG and Cue to extract full value from our Amadeus basin operating assets. NZOG, through their major shareholder the Ofer Global Group, has strong financial capacity and a similar approach to Central to maximise shareholder value and create growth from a strong operating foundation.”
Andrew Jefferies, chief executive of NZOG, said “We have watched with admiration Central’s growth in the Amadeus over the past few years, and see real alignment in terms of scale, culture, values and technical expertise, so I am pleased to combine our efforts to further develop these remarkable fields and provide additional gas into the burgeoning Australian market.
Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) is pleased to announce it has entered into a binding agreement with New Zealand Oil and Gas Limited (ASX:NZO) and Cue Energy Resources Limited (ASX:CUE).