New Zealand Oil and gas
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News

This section of our website includes all of our media releases, speeches and presentations. You can view a topic using the tag cloud, or by the date archive found on the right hand side.

News

Rig Signed Up For Drilling Booth Well In L7 Permit Perth Basin

Posted on 19 April 2024

New Zealand Oil & Gas Limited (ASX & NZX: NZO) notes the press release by Triangle (ASX: TEG 50% and Operator of the L7 permit) attached.

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Genesis Energy Release Kupe KS-9 Comissioning Update

Posted on 5 April 2024

Genesis Energy have released a statement regarding the KS-9 commissioning update. Please see their release attached to this announcement for further details.

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Notification of Dividend / Distribution

Posted on 4 April 2024

Entity name
NEW ZEALAND OIL & GAS LIMITED

Security on which the Distribution will be paid
NZO - ORDINARY FULLY PAID

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Cue Energy Resources Announces Dividend Payment

Posted on 29 February 2024

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has announced it will be paying a special dividend of AUD 2 cents per share on 5 April 2024. NZO therefore expects to receive from Cue a total of A$7.0 million.

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Aud 3 Cents Per Share Special Dividend Declared And Dividend Policy Adopted

Posted on 29 February 2024

  • NZO declares a special dividend of AUD 3 cents per ordinary share
  • Dividend underpinned by strong cashflows in the Group
  • Dividend payment to return A$6.7 million to shareholders
  • NZO establishes a Dividend Policy, to promote efficient capital use, with the intention to pay dividends where it makes financial sense
  • NZO's assets continue to perform strongly with a 44% increase in operating cashflows from the same period last year.

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NEW ZEALAND OIL & GAS HALF-YEAR RESULT: NET PROFIT AFTER TAX UP 112%

Posted on 29 February 2024

''This half year is a watershed for New Zealand Oil & Gas, as the strategy our Board announced in 2020 begins to pay dividends...literally" says Andrew Jefferies CEO.

 

  • Increase in Net Profit After Tax to NZ$7.0 million, up 112%
  • Production up 9%
  • Revenue of NZ$51.3 million up 11 %
  • Operating Cashflow up LILI% to NZ$20.9 million
  • Cash climbs to NZ$Ll6.LI million up 27% from June 2023
  • Special dividend AUD 3 cents per share declared
  • Recently announced 25% ownership increase in the Mereenie field

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Appendix 4D Half Year Report

Posted on 29 February 2024

For the half year ended 31 December 2023 as required by ASX listing rule 4.2A

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New Zealand Oil & Gas Buys More Of The Mereenie Gas Field

Posted on 14 February 2024

Highlights

  • Conditional acquisition of a further 25% interest in the Mereenie gas field, AmadeusBasin, NT, Australia
  • Doubles Mereenie 2P Total reserves and increases NZO's net 2P Total Reserves by 41%
  • Upfront payment of A$42.5m, to be adjusted for revenues and costs from 1 April 2023,and further contingent payments of up to A$9m
  • 100% vendor debt facility of up to A$63m covers all purchase and transaction costs,with additional availability to fund development activity

 

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New Zealand Oil & Gas Signs Gas Supply Agreement With Arafura Rare Earths

Posted on 13 February 2024

  • New Zealand Oil & Gas signs a conditional Gas Supply Agreement with Arafura Rare Earths for up to 4.8 Petajoules (PJ) of gas to be supplied for a period of up to 5 years from 2026.

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New Zealand Oil & Gas Signs Gas Supply Agreement With Incitec Pivot

Posted on 22 December 2023

New Zealand Oil & Gas signs a Gas Supply Agreement with Incitec Pivot Fertilisers for 0.67 Petajoules (PJ) of gas to be supplied in calendar year 2024.

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