News
NEW ZEALAND OIL & GAS HALF YEAR RESULT– REVENUE UP 40%
- Net profit after tax of NZ$7.0 million, after exploration expense
- Net operating cashflows NZ$14.5 million, up 109%
- Revenue up 40% year-on-year to NZ$46.1 million
- Production up 14% year-on-year
- Palm Valley average daily production rate more than doubled
- Growth in oil production from Mahato development drilling
- Continued growth expected from Mahato and Amadeus developments
Appendix 4D Half Year Report
For the half year ended 31 December 2022 as required by ASX listing rule 4.2A
New Zealand Oil & Gas Executes Perth Basin Farm In Agreement With Triangle Energy
- New Zealand Oil & Gas executes binding Term Sheet with Triangle Energy
- Acquiring a 25% interest in Triangle’s L7 and EP 437 northern Perth Basin permits
- Low upfront entry cost, with 3 exploration wells aimed to be drilled in 2024
- Recently acquired 3D seismic survey covers highly prospective Early Permian gas trend
- Agreement subject to conditions, including final due diligence and regulatory approvals
Mahato PSC Update – PB - 19 Production Well Online
New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an updatethat oil production well PB-19 in the Mahato Production Sharing Contract (PSC), Indonesia, hasbeen successfully drilled and completed and is producing approximately 800 barrels of oil perday (bopd).
New Zealand Oil & Gas Signs New East Coast Gas Supply Agreement
• New Zealand Oil & Gas signs a new Gas Supply Agreement with South32 Cannington for supply of gas from the Mereenie field
• Two-year term from 1 January 2023 for delivery of 0.38 Petajoules (PJ) of gas from New Zealand Oil & Gas into the East Coast domestic market.
• Fixed price, take-or-pay contract reflects strong market conditions
Palm Valley 12 well commenced flowing sales gas
Central Petroleum Limited (“Central”) (ASX: CTP) advises that the Palm Valley 12 (PV12) well has been tied-in and commenced flow testing on 28 November 2022. After a period of ramp-up the well flowed at a stable, wellhead skid-limited rate of ~10TJ which exceeded pre-drill expectations.
CEO ADDRESS TO ANNUAL MEETING OF SHAREHOLDERS
10am Wednesday, 2 November 2022, Front + Centre, Corner Tory & Tennyson Streets, Wellington NZ, and online / virtually
Andrew Jefferies - Chief Executive
New Zealand Oil & Gas Annual Result For The Year To 30 June 2022 - Growth Projects Deliver
- Net profit after tax of NZ$25.7 million, up from a loss of NZ$43.3 million last year.
- Annual production up 110% to 1.2 million barrels of oil equivalent.
- Revenue up 133% year on year to NZ$83.8 million. • Five wells drilled in FY22.
- Acquisition of Amadeus Basin assets provides entry into the strong Australian gas market.
- Growth set to continue in FY23 with up to six well recompletions and two development wells at Mereenie and 10 wells planned for Mahato.
Tag Cloud
Amadeus Basin Amended Prospectus Annual Meeting Annual Report Annual Result ASX Barque Beach Beach Energy Block Offer Bohorok BP Canterbury Capital Return Central Petroleum CEO Chairman Clipper Consents Received Consolidated Financial Statements COVID-19 Cue Cue Energy Deed of Indemnity Director Directors Dividend Equity Raise Financial Result Galleon Genesis Energy Great South Basin Half Year Results Indonesia Investor Briefing Ironbark Kaheru Kakapo Kan Tan IV Karoro Kisaran Kohatukai Kupe Leaders Address Maari Mahakam Hilir Mahato Management Management Matuku Mereenie MNK Kisaran news NZX Oi Oi-2 Palm Valley Palmerah Baru Pateke IIII Paus Biru-1 PausBiru-1 Quarterly Report scheme scholarship program Seismic Survey Share Buyback Shareholders Special Meeting Stock Exchange Sustainability Takeover Taranaki Te Kiri Toroa Triangle Energy Tui Waru
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