Horizon Oil, Mereenie JV Partners Agree to Extend Deadline for Gas Sales Deal

MT Newswires Live03-25 08:18

Horizon Oil (ASX:HZN) and its Mereenie joint venture partners agreed with Northern Territory's Power and Water Corporation to extend the deadline to execute a binding gas sales agreement to April 1 from March 24, according to a Wednesday filing with the Australian bourse.

The Mereenie JV partners include Central Petroleum (ASX:CTP), Echelon Resources (ASX:ECH), and Cue Energy (ASX:CUE).

Shares of Central Petroleum and Cue Energy fell 3% in morning trade on Wednesday.

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