Kupe Production Off Plateau

Posted on 2 August 2019

Production from the Kupe gas fields is off plateau, the joint venture has advised.

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New Zealand Oil & Gas Recommends Scheme of Arrangement With O.G. Oil & Gas at $0.62 Cash Per Share

Posted on 10 July 2019

  • Scheme price agreed at $0.62 per share in cash for all of the approximately 30 per cent of New Zealand Oil & Gas fully paid ordinary shares that O.G. Oil & Gas does not already own.
  • Price is a 25% premium to Tuesday’s closing price.
  • Independent directors unanimously recommend shareholders vote in favour of the scheme, subject to the independent adviser's report concluding that $0.62 per share is within or above its valuation range.

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Ironbark Title Transfers Approved

Posted on 23 May 2019

Cue Energy has announced that approval has been received for title transfers of exploration permit WA-359-P, which contains the giant Ironbark gas prospect, to new joint venture partners BP Developments Australia Pty Ltd, Beach Energy Limited and New Zealand Oil & Gas. Cue’s announcement is attached.

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Approval Received For Ironbark Timetable

Posted on 10 April 2019

An important milestone has been reached in plans to drill the giant Ironbark prospect offshore West Australia next year.

The operator has received approval for a 24-month suspension and extension to the permit, WA- 359-P.

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Barque Work Programme Extended

Posted on 9 April 2019

The deadline for a decision about whether to drill an exploration well in the Clipper permit, east of Oamaru, New Zealand, is to be extended by three years.

Clipper contains the multi-tcf Barque prospect located about 60 kilometres east of Oamaru.

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New Zealand Oil & Gas Half-year Result

Posted on 27 February 2019

Write-downs of the Kisaran development asset in Indonesia and the Kohatukai well in Taranaki were the main components in a net loss for New Zealand Oil & Gas of $4.8 million for the six months to 31 December 2018. A net loss of $0.7 million was recorded in the prior corresponding period.

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Ironbark Rig Contract Signed

Posted on 13 February 2019

A rig contract has been signed for the Ironbark prospect in WA-359-P, where New Zealand Oil & Gas has agreed to acquire a 15 per cent interest and Cue Energy has a 21.5 per cent partly carried interest.

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Cue Shareholders Approve Ironbark Farm In

Posted on 9 January 2019

Minority shareholders in Cue Energy have approved the sale of a 15 per cent interest in WA-359-P, and the grant of an option to acquire 5.36 per cent of WA-409-P, to New Zealand Oil & Gas via a subsidiary.

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The Eyal & Marilyn Ofer Family Foundation Establishes Scholarship Program to Help New Zealanders Acquire Skills for Success in the Petroleum Industry

Posted on 13 December 2018

The Eyal & Marilyn Ofer Family Foundation is pleased to announce the establishment of a new education and training scholarship programme to support New Zealand citizens and permanent residents who want to pursue advanced degrees and careers in the New Zealand petroleum industry.

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Gas Discovery at Paus Biru Well-1

Posted on 12 December 2018

New Zealand Oil & Gas subsidiary, Cue Energy Resources, has made an announcement that a new gas field has been discovered at the Paus Biru-1 exploration well offshore East Java in the Madura Strait, Indonesia.

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