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

New Zealand Oil & Gas Limited ASX small & mid-cap conference Video

Posted on 27 March 2023

View our ASX small & Mid-Cap Conference Video

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New Zealand Oil & Gas Limited ASX small & mid-cap conference

Posted on 22 March 2023

This presentation contains summary information about New Zealand Oil & Gas Limited (NZO or Company) and its activities which is current as at the date of this presentation and remains subject to change without notice. The information in this presentation is of a general nature and does not purport to be complete, nor does it contain all the information which a prospective investor may require in evaluating a possible investment in the Company or that would be required in a product disclosure statement under the FMCA or a product disclosure statement or prospectus under the Corporations Act (Australia). No information set out in this presentation will form the basis of any contract (with the exception of the paragraph labelled “Acceptance” in this Disclaimer).

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NEW ZEALAND OIL & GAS FINALISES FARM IN WITH TRIANGLE ENERGY

Posted on 21 March 2023

  • New Zealand Oil & Gas and Triangle sign binding farm out agreement for L7 and EP437.
  • All confirmatory due diligence complete.
  • New Zealand Oil & Gas to pay A$1.9 million in back costs.
  • Regulatory approval process to commence.
  • Planning underway to secure drilling slots in 1H 2024.

 

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New Zealand Oil Gas Signs Extension to Kupe Gas Sales and the Kupe JV Commits to a Drilling Rig

Posted on 7 March 2023

  • New Zealand Oil Gas signs an extension to the Gas Supply Agreement with Genesis Energy for supply of gas from the Kupe field
  • Three year extension from 1 October 2023 for delivery into the New Zealand gas market at a fixed price
  • The Kupe Joint Venture signs a drilling contract with Valaris for drilling the KS 9 well

 

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NEW ZEALAND OIL & GAS HALF YEAR RESULT– REVENUE UP 40%

Posted on 28 February 2023

  • Net profit after tax of NZ$7.0 million, after exploration expense
  • Net operating cashflows NZ$14.5 million, up 109%
  • Revenue up 40% year-on-year to NZ$46.1 million
  • Production up 14% year-on-year
  • Palm Valley average daily production rate more than doubled
  • Growth in oil production from Mahato development drilling
  • Continued growth expected from Mahato and Amadeus developments

 

 

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Appendix 4D Half Year Report

Posted on 28 February 2023

For the half year ended 31 December 2022 as required by ASX listing rule 4.2A

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NZOG Dec 2022 Quarterly Report

Posted on 30 January 2023

Report available now

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New Zealand Oil & Gas Executes Perth Basin Farm In Agreement With Triangle Energy

Posted on 17 January 2023

  • New Zealand Oil & Gas executes binding Term Sheet with Triangle Energy
  • Acquiring a 25% interest in Triangle’s L7 and EP 437 northern Perth Basin permits
  • Low upfront entry cost, with 3 exploration wells aimed to be drilled in 2024
  • Recently acquired 3D seismic survey covers highly prospective Early Permian gas trend
  • Agreement subject to conditions, including final due diligence and regulatory approvals

 

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Mahato PSC Update – PB - 19 Production Well Online

Posted on 19 December 2022

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an updatethat oil production well PB-19 in the Mahato Production Sharing Contract (PSC), Indonesia, hasbeen successfully drilled and completed and is producing approximately 800 barrels of oil perday (bopd).

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New Zealand Oil & Gas Signs New East Coast Gas Supply Agreement

Posted on 15 December 2022

• New Zealand Oil & Gas signs a new Gas Supply Agreement with South32 Cannington for supply of gas from the Mereenie field
• Two-year term from 1 January 2023 for delivery of 0.38 Petajoules (PJ) of gas from New Zealand Oil & Gas into the East Coast domestic market.
• Fixed price, take-or-pay contract reflects strong market conditions

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