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


- 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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MAARI UPDATE: MN1 well online and producing 800 BOPD

Posted on 2 June 2023

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that MN1 oil production well in the Maari/Manaia field, located offshore New Zealand, has successfully been repaired. The well is now operational again, with the latest test data indicating production of approximately 800 barrels of oil per day.

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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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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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