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The only helium production plant in the southern hemisphere has shut down after the gas supply at the Santos-owned liquefied natural gas (LNG) plant in Darwin was exhausted.
Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) refers to the announcement dated 12 September 2023 regarding the status of the Peak Helium (Amadeus Basin) Pty Ltd ('Peak Helium') farmout.
Central Petroleum Limited refers to the announcement dated 12 September 2023 regarding the status of the Peak Helium Pty Ltd farmout. Following Peak Helium's failure to comply with statutory...
Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that Peak Helium Pty Ltd has overdue payments of over $3 million under the farmout agreement with Central following the completion announcement made on 31 March 2023.
Since 2010, a by-product from a Darwin LNG plant has been Australia's only helium source. But with the feedstock for the gas plant due to run out in the coming months, we're about to begin importing it all.