News

Rig Signed Up For Drilling Booth Well In L7 Permit Perth Basin

Posted on 19 April 2024

Triangle Energy

New Zealand Oil & Gas Limited (ASX & NZX: NZO) notes the press release by Triangle (ASX: TEG 50% and Operator of the L7 permit) attached.

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Genesis Energy Release Kupe KS-9 Comissioning Update

Posted on 5 April 2024

Genesis Energy

Genesis Energy have released a statement regarding the KS-9 commissioning update. Please see their release attached to this announcement for further details.

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Notification of Dividend / Distribution

Posted on 4 April 2024

Dividend

Entity name
NEW ZEALAND OIL & GAS LIMITED

Security on which the Distribution will be paid
NZO - ORDINARY FULLY PAID

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Cue Energy Resources Announces Dividend Payment

Posted on 29 February 2024

Cue Energy

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has announced it will be paying a special dividend of AUD 2 cents per share on 5 April 2024. NZO therefore expects to receive from Cue a total of A$7.0 million.

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Aud 3 Cents Per Share Special Dividend Declared And Dividend Policy Adopted

Posted on 29 February 2024

Shareholders Cue

• NZO declares a special dividend of AUD 3 cents per ordinary share
• Dividend underpinned by strong cashflows in the Group
• Dividend payment to return A$6.7 million to shareholders
• NZO establishes a Dividend Policy, to promote efficient capital use, with the intention to pay dividends where it makes financial sense
• NZO's assets continue to perform strongly with a 44% increase in operating cashflows from the same period last year.

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New Zealand Oil & Gas Buys More Of The Mereenie Gas Field

Posted on 14 February 2024

Mereenie Amadeus Basin

Highlights

• Conditional acquisition of a further 25% interest in the Mereenie gas field, AmadeusBasin, NT, Australia
• Doubles Mereenie 2P Total reserves and increases NZO's net 2P Total Reserves by 41%
• Upfront payment of A$42.5m, to be adjusted for revenues and costs from 1 April 2023,and further contingent payments of up to A$9m
• 100% vendor debt facility of up to A$63m covers all purchase and transaction costs,with additional availability to fund development activity

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New Zealand Oil & Gas Signs Gas Supply Agreement With Arafura Rare Earths

Posted on 13 February 2024

Mereenie Arafura Rare Earths

• New Zealand Oil & Gas signs a conditional Gas Supply Agreement with Arafura Rare Earths for up to 4.8 Petajoules (PJ) of gas to be supplied for a period of up to 5 years from 2026.

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New Zealand Oil & Gas Signs Gas Supply Agreement With Incitec Pivot

Posted on 22 December 2023

Palm Valley Cue

New Zealand Oil & Gas signs a Gas Supply Agreement with Incitec Pivot Fertilisers for 0.67 Petajoules (PJ) of gas to be supplied in calendar year 2024.

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2023 Agm Director Nomination Window Closing

Posted on 12 October 2023

Annual Meeting

The 2023 Annual Meeting of New Zealand Oil & Gas Limited (the Company) will be held at Front+Centre, Cnr Tory & Tennyson Sts, Wellington and online / virtually, at 10:00am (New Zealand Daylight Saving Time) on Tuesday, 12 December 2023.

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New Zealand Oil and Gas Year End Result Revenue up 18%

Posted on 6 September 2023

Annual Result

• 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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