News

June 2020 Quarterly Reports Released

Posted in Shareholders; Posted on 31 July 2020

The NZOG June 2020 Quarterly Report and Quarterly Cash Flow Report are now released and available to be read online by clicking here.

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Ironbark Environmental Plan Approved

Posted on 20 July 2020

New Zealand Oil & Gas has been advised by the Operator BP, that the Ironbark Exploration Drilling Environment Plan (EP) has been approved.

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Jefferies navigates NZOG through the storm

Posted in Shareholders; Posted on 16 July 2020

Chief executive of New Zealand’s only listed oil and gas company not afraid to communicate business strategy... in haiku

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New Zealand Oil Gas Strategic Review

Posted on 4 June 2020

Following the conclusion of the Scheme of Arrangement, the New Zealand Oil Gas Board undertook a strategic review of the future direction of the company.

Beginning in early 2020, board members conducted a series of meetings, in person and over the phone, with certain of New Zealand Oil Gas largest shareholders. These meetings provided us with a better understanding of the preferences of those shareholders and their thoughts about where the company should head. At the same time management conducted an extensive review of assets in the Australia New Zealand region that are of a size t hat the company can afford Finally, we convened a series of strategy sessions during which this information has been distilled and debated.

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Mahato psc update

Posted on 30 April 2020


New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that it has become aware that the Indonesian Ministry of Energy and Mineral Resources has announced a 61.8 million barrel oil discovery in the Mahato PSC, this is attached.

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SHAREHOLDER UPDATE ON COVID-19

Posted on 21 March 2020

Dear shareholders,

You will have all seen the dramatic global response to the spread of the COVID-19 virus and the fall in oil prices and global share markets. These events are serious, almost unprecedented, matters and naturally your Board and management have taken steps to mitigate their impact on the business. I thought it timely to provide a quick update for you on this and how we expect our business to be affected.

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Notice Of Issue Of Options Under Share Option Scheme

Posted on 19 March 2020

This notice is given pursuant to NZX Listing Rule 3.13.1. New Zealand Oil & Gas advises that it has issued options to acquire ordinary shares in the Company (“Options”) to certain of its employees. The Options have been issued under the New Zealand Oil & Gas Limited Share Option Scheme (“Scheme”).

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Mahato PSC update

Posted on 26 February 2020

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that it has become aware that a tender has been released for the rental of oil production facility equipment for the Mahato PSC, this is attached.


Cue has a 12.5% interest in the Mahato PSC. New Zealand Oil & Gas has a 50.04% interest in Cue.

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New Zealand Oil & Gas Half-Year Result

Posted on 26 February 2020

  • Net loss $1.5m ($3.3m improvement from loss of $4.8m a year ago)
  • Cash balance of $105.2m (up 6.2% from $99.1m a year ago)
  • Kupe improvement projects underway
  • Preparation for drilling Ironbark in WA late 2020
  • Restrained overhead costs

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Director Resignation – Rebecca Delaet

Posted on 23 December 2019

New Zealand Oil & Gas Director and Audit Committee Chair Rebecca DeLaet has stepped down from the company’s Board for personal reasons, effective from Friday 20 December 2019.

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