News

Mereenie Development Well Wm28 Commences

Posted on 23 July 2021

The operator of the Mereenie joint venture, Central Petroleum Limited (ASX:CTP) (“Central”) has advised that WM28, the second Development well in the Mereenie Development Programme, was spudded on 21 2021 at 03.30hrs. The update release is attached.

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FIRB No Objection Notice Received For Amadeus Basin Transaction

Posted on 2 July 2021

Australian Foreign Investment Review Board in relation to the transaction to acquire Amadeus Basin Assets from Central Petroleum. This satisfies a key condition precedent of the transaction.

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Special Meeting of Shareholders Results

Posted on 24 June 2021

One resolution was voted on by shareholders at the Special Meeting of New Zealand Oil & Gas held today, 24 June 2021. Results were as follows:

Resolution: Approval of Proposed Acquisition (Ordinary resolution):

THAT the Proposed Acquisition, as described in the Explanatory Notes contained in the Notice of Special Meeting, is approved under and for the purposes of NZX Listing Rule 5.1.1(b) and all other purposes.”

For: 128,658,032 (99.99%) Against: 9,299 (0.01%) Abstain: 97,800

The resolution was therefore carried.

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CEO Address to Special Meeting Of Shareholders

Posted on 24 June 2021


Andrew Jefferies Chief Executive

Ladies and gentlemen,

One of our major strengths as a business is our expertise in evaluating assets.

The excellence of your company’s staff has added value for you in the past, such as when we were able to motivate our partners to agree to development projects at Kupe.




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Chair’s Address to Special Meeting Of Shareholders

Posted on 24 June 2021

Ladies and gentlemen,

As you have already heard, this special meeting has been called to consider the proposed acquisition of assets from Central Petroleum.

The details of the proposal are in your Notice of Meeting.

In a few moments, Andrew Jefferies will speak to the quality of the assets and the associated work plan.

But first I wanted to take a few moments to explain, on behalf of the board, why we are recommending that shareholders support this transaction.

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Mereenie Development Well WM27 Commences

Posted on 4 June 2021

The operator of the Mereenie joint venture, Central Petroleum Limited (ASX:CTP) (“Central”) has advised that WM27, the first Development well in the Mereenie Development Programme, was spudded on 3rd of June 2021 at 2145 hrs. The update release is attached. Further updates will be provided as the programme progresses.

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2021 Notice of Special Meeting of Shareholders

Posted on 25 May 2021

New Zealand Oil & Gas proposes to acquire interests in three gas producing projects in central Australia. You are asked to vote on the Proposed Acquisition at a special meeting of shareholders. The Board of New Zealand Oil & Gas recommends that you vote in favour of the Resolution. O.G. Oil and Gas (Singapore) Pte. Ltd., which holds 69.9% of the shareholder voting rights in New Zealand Oil & Gas, intends to vote in favour of the Resolution.

THIS IS AN IMPORTANT DOCUMENT AND REQUIRES YOUR IMMEDIATE ATTENTION

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Proposed Acquisition Of Central Petroleum Amadeus Basin Assets

Posted on 25 May 2021

New Zealand Oil & Gas Group agrees to purchase interests in 3 producing Northern Territory assets from Central Petroleum.
Agreement is subject to conditions, including shareholder approval.


14.5mmboe increase in 2P reserves; a near 5 times increase.*


Cash payment of A$29m, adjusted for revenues and costs from 1 July 2020, and development carry capped at A$40m.


New Zealand Oil & Gas to acquire 70%, Cue Energy (New Zealand Oil & Gas 50.04% owned subsidiary) to acquire 30%.

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Mahato PSC Update – First Revenue Received

Posted on 20 May 2021

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that first revenue from oil sales from the PB field in the Mahato PSC, Indonesia, has been received by Cue Mahato Pty Ltd. The update release is attached.

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Mahato PSC Update – Development Update

Posted on 28 April 2021


New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that the PB-5 development well in the Mahato PSC has recently been successfully drilled and tested at a gross rate of approximately 1000 barrels of oil per day (bopd).

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