New Zealand Oil & Gas Limited (NZOG) is an independent, Wellington-based exploration and production company listed on both the New Zealand and Australian stock exchanges. We have around 15,000 shareholders, with a mix of retail and institutional investors.
The company has been publicly listed since 1981 and is now enjoying the rewards that experience and perseverance can bring.
NZOG has two key assets (Tui and Kupe), two significant investments (Pike River and Pan Pacific), a promising exploration portfolio and is pursuing an ambitious growth strategy.
The experience and expertise of a strong and capable team is being fully utilised to assess new business opportunities. Working with our business partners and stakeholders we look forward to growing the company from its current strong platform and creating further shareholder value.
Market Capitalisation
As at 31 March 2009:
Approx NZ$530 million.
Oil & Gas Production
New Zealand Oil & Gas Ltd has existing production from the Tui Area Oil Fields (12.5% partner) and anticipates commercial production from the Kupe Project in the third quarter of 2009 (15% partner).
Oil & Gas Reserves
New Zealand Oil & Gas Ltd's Proven and Probable (2P) Reserves as at 31 March 2009:
|
Oil & Gas Condensate(million barrels) |
Natural Gas(petajoules) |
LPG(kilotonnes) | Million Barrels of Oil Equivalent* | |
|---|---|---|---|---|
| Tui (developed) | 3.5 | 3.5 | ||
| Kupe (undeveloped) | 2.2 | 38 | 159 | 9.9 |
| Total | 13.4 |
*Million barrels of oil equivalent has been calculated as the total oil equivalent of the oil, condensate/light oil, natural gas and LPG figures.
