News

New Zealand Oil & Gas Signs New East Coast Gas Supply Agreement

Posted on 15 December 2022

• 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

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Palm Valley 12 well commenced flowing sales gas

Posted on 1 December 2022

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.

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CEO ADDRESS TO ANNUAL MEETING OF SHAREHOLDERS

Posted on 2 November 2022

10am Wednesday, 2 November 2022, Front + Centre, Corner Tory & Tennyson Streets, Wellington NZ, and online / virtually
Andrew Jefferies - Chief Executive

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Change of Registrar

Posted on 28 October 2022

Dear Sir / Madam

Change of Registrar – New Zealand Oil and Gas Limited

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New Zealand Oil & Gas Annual Result For The Year To 30 June 2022 - Growth Projects Deliver

Posted on 26 August 2022

  • 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.

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New Zealand Oil & Gas Quarterly Report

Posted on 1 August 2022

QUARTER HIGHLIGHTS

  • Successful capital raising • Primary listing switched to ASX
  • New Australian gas contracts at premium prices
  • Mahato production well comes online
  • Palm Valley development drilling underway
  • Increase in cash receipts of 209 per cent on the same quarter last year

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Notification Of Level Of Subscription Under NZX Listing Rule 3.17.1

Posted on 26 May 2022

New Zealand Oil & Gas Limited (NZO) advises that it has successfully completed its pro rata renounceable rights offer of ordinary shares (New Shares) to raise NZ$25 million (the Rights Offer).

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Palm Valley-12 Weekly Drilling Update

Posted on 26 May 2022

The Operator (“Central”) (ASX: CTP) advises that on 23rd May 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory, had reached a depth of 1,880m at 0600 hrs ACST in the P1 unit of the Pacoota Sandstone.

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