News

Submission of New Zealand Oil & Gas Limited Crown Minerals (Petroleum) Amendment Bill

Posted on 16 October 2018

New Zealand Oil & Gas has submitted to parliament’s Environment Select Committee about the Crown Minerals (Petroleum) Amendment Bill, which puts in place the government’s decision not to offer further exploration permits outside of onshore Taranaki.

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Kohatukai Weekly Drilling Update

Posted on 16 October 2018

At 6.00AM on 15 October 2018, the Kohatukai-1 well had reached a depth of 2938 metres, the
operator has advised.

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Kohatukai Weekly Drilling Update

Posted on 9 October 2018

At 6.00AM on 8 October 2018, the Kohatukai-1 well had reached a depth of 1974 metres.

The current operation is drilling directionally with a 12 ¼” hole.

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Kohatukai Weekly Drilling Update

Posted on 2 October 2018

At 5.00PM on 1 October 2018, the Kohatukai-1 well had reached a depth of 647 metres in the first
week of drilling operations, the operator has advised.

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Drilling Commences At Kohatukai

Posted on 26 September 2018

Drilling is underway at the Kohatukai-1 well in PEP 55768, onshore northern Taranaki, New
Zealand.

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Annual result for the year to 30 June 2018

Posted on 27 August 2018

ANNUAL RESULT

Group revenue: NZ$35.8m

NPAT: NZ$4.8m

NPAT attributable to NZO shareholders: $0.8m

Cash on hand: $98.0m

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WA-359-P (IRONBARK) - Notification of Approval

Posted on 9 August 2018

WA-359-P (IRONBARK)


The Australian National Offshore Petroleum Titles Administrator (NOPTA), has notified Cue Energy of the approval of its Exploration Permit WA-359-P (Ironbark) suspension, extension and variation application.

New Zealand Oil & Gas has a 50.04% interest in Cue.

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NEW DIRECTOR

Posted on 20 July 2018

Mr Marco Argentieri has been appointed to the New Zealand Oil & Gas board.

Mr Argentieri is Senior Vice President and General Counsel of O.G. Energy, and a member of the Board of Directors of both O.G. Energy and O.G. Oil & Gas, which holds a 69.87 per cent interest in New Zealand Oil & Gas.

The appointment is effective from today. New Zealand Oil & Gas intends to enter into its standard form of indemnity with Mr Argentieri.

The board has determined, under NZX Listing Rules 3.3.2 and 3.3.3, that Mr Argentieri is not an independent director because he is an associate of a Substantial Product Holder, O.G. Oil & Gas (Singapore) Ltd.

Biographical notes

Marco Argentieri is Senior Vice President and General Counsel for O.G. Energy, and a member of the Board of Directors of both O.G. Energy and O.G. Oil & Gas. As a member of the O.G. Energy Senior Management Committee, he is responsible for spearheading the strategy for the Ofer Global Group’s broader energy activities. Mr. Argentieri serves as the chief legal counsel for the O.G. Energy Group, where he advises on financing activities, acquisitions, and other commercial and corporate matters. Marco has worked for the Ofer Global Group since 2006, where he previously served as chief legal counsel responsible for Ofer Global Group finance activities, with a particular focus on the group’s offshore oil services and shipping businesses. Prior to joining Ofer Global, Marco was an attorney at the New York offices of Latham & Watkins LLP and Skadden, Arps, Slate, Meagher & Flom LLP. He holds a B.A. from the University of Rochester, a J.D. from New York University and an MBA from Columbia University.

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Market update on Government policy announcement

Posted on 13 April 2018

New Zealand Oil & Gas wishes to address the potential impact of the New Zealand Government's announcement today about the future of offshore exploration.

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Minimum shareholdings and Gone No Address holders

Posted on 13 April 2018

New Zealand Oil & Gas has written to shareholders who have less than a minimum holding, and shareholders whose mail is being returned 'Gone No Address'. A copy of the letters to the relevant shareholders is attached.

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