Central Petroleum acquires stakes in Cooper and Otway Basins

Summary

Central Petroleum Ltd has agreed to acquire a 49% stake in 24 South Australian Retention Leases and a 20% stake in Victorian exploration permit PEP169. The acquisition includes plans for three to four exploration wells in the next two years, with a focus on accessing the east coast gas market.

Recent Coverage

• Central Petroleum expands portfolio with multi-basin acquisition

  Drilling Contractor • Dec 26

• Central Petroleum to Expand into Cooper, Otway Basins

  RigZone • Dec 25