News

New Zealand Oil & Gas Announces Up To NZ$25 Million Equity Raise

Posted on 27 April 2022

  • Multiple growth projects across New Zealand and Australia
  • 1-for-2.7625 renounceable rights offer at NZ$0.42 per share
  • Pro rata to existing shareholders with opportunity to apply for unaccepted shares under oversubscription facility
  • Cornerstone shareholder to take its full entitlement (subject to regulatory restrictions)
  • Conversion to full ASX listing in progress

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Exploration Drilling Commences at Palm Valley

Posted on 20 April 2022

Exploration drilling is underway at the Palm Valley-12 (PV-12) location in Permit OL3 in the Amadeus Basin (fig 1). Located approximately 120km west of Alice Springs, in the Northern Territory, Australia, PV-12 is expected to take approximately 61 days to reach a total depth around 4144mMD (3980m TVD).

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Mahato PSC Update – Reserves Upgrade And Company Reserves As At 1 January 2022

Posted on 29 March 2022

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has undertaken a review of the reserves and recoverable volumes in the Mahato PSC as of 1 January 2022. This is following
the successfully drilling of 8 production wells (PB-1 to PB-8) in 2021 with the field currently producing at approximately 5,500 barrels of oil per day (bopd).

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Amadeus Basin Update

Posted on 7 March 2022

The Operator of the Mereenie, Palm Valley and Dingo fields, Central Petroleum Ltd (Central) (ASX: CTP) has advised that it has updated its share of reserves for Mereenie, Palm Valley and Dingo.

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New Zealand Oil & Gas - Half Year Net Profit after Tax NZ$15.7m

Posted on 25 February 2022

  • Net profit after tax improve d by $58m on prior comparative period
  • Revenue up 106% on prior comparative period
  • More growth projects to come

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Amadeus Basin Exploration Well Programme Update

Posted on 26 January 2022

As previously announced, planning continues for the Q1 2022 Palm Valley and Dingo exploration well drilling program

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Amadeus Basin Update

Posted on 20 December 2021

Mereenie: -

The operator of the Mereenie joint venture, Central Petroleum Limited (ASX:CTP) (“Central”) has advised that a coil tubing unit is being mobilised to site in January to further improve production from a number of wells including some of the previous development campaign wells.

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Mahato Psc Update – Pb-07 Production Well Online

Posted on 14 December 2021

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that oil production well PB-07 in the Mahato PSC, Indonesia, has been successfully drilled and completed and is producing approximately 650 barrels of oil per day (bopd).

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New Gas Supply Agreement – Amadeus Assets

Posted on 29 November 2021

New Zealand Oil & Gas is pleased to confirm it has entered a new gas supply agreement for supply of gas to Northern Territory’s Power and Water Corporation via a back-to-back agreement with Macquarie Mereenie Pty Limited.

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