Central Petroleum and Peak Helium farm out delayed a further month

Press Release:

Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) refers to its announcements dated 9 February 2022 and 30 June 2022 regarding the Peak Helium farmout transaction.

The conditions precedent satisfaction date for the Peak Helium farmout is 31 July 2022. The conditions precedent have been continuing to progress well and Peak Helium have requested a further month to satisfy the remaining conditions. Accordingly, the parties have agreed to extend the conditions precedent satisfaction date by 1 month to 31 August 2022. We understand Santos have also provided Peak Helium with a similar conditions precedent extension for their farmout arrangements.