Joint Venture

In October 2012, Central and Santos entered into a three-stage farm-in agreement.

Stage one was comprised of 1,586 km of 2D seismic in the Southern Amadeus area, 386 km 2D seismic in EP 115NMB, and drilling of Mt Kitty 1. These activities concluded in July 2014 with Santos earning 25% in EP82, EP105, EP112 and 70% in EP125.

Stage two comprised a further 1,337 km of 2D seismic. These activities concluded in October 2018 with Santos earning an additional 15% (to 40%) in EP82, EP105, EP112 and retained 70% in EP125.

Stage three comprised the drilling of Dukas 1 in EP112 with Santos earning an additional 30% (to 70%) in EP112 and retaining 40% in EP82 and EP105 and 70% in EP125.