Brief: Central Petroleum Says Updates On Peak Helium Farmout Status

Central Petroleum

12/09/2023 02:30

Sept 12 (Reuters) - Central Petroleum  CTP.AX :
    * PEAK HELIUM FARMOUT STATUS
    * STATUTORY DEMANDS FOR DEBTS OWED TO RELEVANT CENTRAL
SUBSIDIARIES WERE SERVED ON PEAK HELIUM
    * PEAK HELIUM HAS FAILED TO COMPLY WITH DEMANDS WITHIN
PERIOD FOR
COMPLIANCE
    * CENTRAL WILL CONSIDER VARIOUS OPTIONS AVAILABLE FOLLOWING
THIS
FAILURE
    * ON PEAK HELIUM'S DEFAULTS CO HAS BEEN ADVISED BY OPERATOR
THAT
PLANNED 3-WELL SUB-SALT EXPLORATION PROGRAM HAS BEEN PAUSED

Source text for Eikon:  ID:nASX2hjhpT 
Further company coverage:  CTP.AX 

 ((Reuters.Briefs@thomsonreuters.com;))