Horizon Oil Advances Mereenie Drilling and Long-Term Gas Supply Plans.
Horizon Oil Limited (ASX: HZN) and its Mereenie Joint Venture partners have entered into a binding Letter of Intent with the Northern Territory’s Power and Water Corporation to fast-track a two-well drilling program and secure long-term gas supply arrangements. The agreement supports the immediate start of early works, including procurement of long-lead items, civil preparations, and rig selection, with drilling targeted for mid-2026.
In parallel, the parties have agreed in-principle term sheets for firm gas supply covering uncontracted production from the Mereenie gas field through to 2034, including volumes from the new wells. While the gas sale agreements remain conditional, the intention is to execute binding contracts by February 2026. Cost reimbursement protections are in place if agreements are not finalised.
The initiative is expected to enhance gas supply security in the Northern Territory by rapidly bringing additional volumes to market using existing Mereenie infrastructure.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services. By continuing to use this site, we assume you consent to this. Read our Privacy Policy and Terms & Conditions
Horizon Oil Advances Mereenie Drilling and Long-Term Gas Supply Plans.
Horizon Oil Limited (ASX: HZN) and its Mereenie Joint Venture partners have entered into a binding Letter of Intent with the Northern Territory’s Power and Water Corporation to fast-track a two-well drilling program and secure long-term gas supply arrangements. The agreement supports the immediate start of early works, including procurement of long-lead items, civil preparations, and rig selection, with drilling targeted for mid-2026.
In parallel, the parties have agreed in-principle term sheets for firm gas supply covering uncontracted production from the Mereenie gas field through to 2034, including volumes from the new wells. While the gas sale agreements remain conditional, the intention is to execute binding contracts by February 2026. Cost reimbursement protections are in place if agreements are not finalised.
The initiative is expected to enhance gas supply security in the Northern Territory by rapidly bringing additional volumes to market using existing Mereenie infrastructure.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au