Mereenie Joint Venture

On 1 September 2015, Central assumed Operatorship of the Mereenie Oil and Gas Field after acquiring a 50% interest from Santos in June 2015.

Effective 1 January 2017 Macquarie Mereenie Pty Ltd, a subsidiary of Macquarie Group Limited, acquired Santos’ 50% interest in Mereenie and became a joint venture partner with Central.

On 1 October 2021, Central completed the sale of 50% of its interest to the New Zealand Oil & Gas (NZOG) group. The NZOG group holds 25%, with 17.5% held via a NZOG subsidiary and 7.5% through ASX-listed Cue Energy Resources, which is controlled by NZOG. Central remains Operator, with 25% interest.