News

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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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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2023 Agm Director Nomination Window Closing

Posted on 12 October 2023

The 2023 Annual Meeting of New Zealand Oil & Gas Limited (the Company) will be held at Front+Centre, Cnr Tory & Tennyson Sts, Wellington and online / virtually, at 10:00am (New Zealand Daylight Saving Time) on Tuesday, 12 December 2023.

 

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New Zealand Oil and Gas Year End Result Revenue up 18%

Posted on 6 September 2023

  • Revenue of NZ$98.8 million up 18% strong gas prices realised for contracted and uncontracted gas
  • Production up 7 year on year
  • Increase in Mahato oil production from development drilling
  • Palm Valley gas production up 49% for the year after successful tie in of PV 12 well
  • Operating cashflows of NZ $32.5 million up NZ $1.0 million year on year
  • Continued growth expected from Mahato, Kupe and Amadeus developments

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Mereenie Helium Recovery Unit Mou

Posted on 30 August 2023

New Zealand Oil & Gas and its Mereenie Joint Venture Partners (the Mereenie JV) have entered into a Memorandum of Understanding (MOU) with Twin Bridges LLC (Twin Bridges), a private US company who specialises in helium appraisal and production, to progress a helium recovery unit (HRU) project at the Mereenie field in the Northern Territory towards a final investment decision (FID). Central Petroleum Limited (Central) is the field Operator and has issued a release which contains the key points regarding the MOU.

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Amadeus Basin – Palm Valley And Dingo Field Reserves Upgrades

Posted on 27 July 2023

Highlights

- 2P Total Reserves increase of 14% at Palm Valley to 2.1 million barrels of oil equivalent (mmboe), associated with the successful drilling and flow performance of the PV-12 well.
- 2P Total Reserves increase of 13% at Dingo to 3.5mmboe, owing to ongoing strong performance from the wells and additional modelling work.

 

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BA-01 Exploration Well: Rig onsite and preparing for drilling within a week

Posted on 27 July 2023

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE) is pleased to announce rig mobilisation for the high impact exploration well BA-01 within the Mahato PSC (Production Sharing Contract) is more than 80% complete and the well is expected to spud within a week.

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Sustainable Energy Security

Posted on 21 July 2023

2023 New Zealand Oil & Gas Ltd Sustainability Report Now online

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