New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
September 12, 2013
06:05 EDTMPETMagellan Petroleum signs long-term gas sale contract for Australian field
Magellan Petroleum signed a gas supply and purchase agreement through its indirect subsidiary, Magellan Petroleum Corporation Pty Ltd with Northern Territory Power and Water Corporation for the long-term sale of gas from the company's Dingo gas field. Pursuant to the Dingo GSPA, the company has contracted to supply up to 30 Bcf of gas to PWC on a 100% take-or-pay basis over a 20‑year supply period. The company's supply obligation is expected to begin in early calendar year 2015 at a fixed price escalating with Australian CPI. The company expects to receive all approvals by the summer of 2014 and begin construction of the pipeline and facilities immediately thereafter.
News For MPET From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for MPET

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use