New Zealand Oil and gas
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News

This section of our website includes all of our media releases, speeches and presentations. You can view a topic using the tag cloud, or by the date archive found on the right hand side.

News

Gas Market Update

Posted on 5 May 2022

New Zealand Oil & Gas as part of the Mereenie Joint Venture, has entered into tradingand transportation agreements enabling sales of uncontracted gas into East Coasttrading hubs, including Brisbane and Sydney Short Term Trading Markets (STTMs),which currently offer premium gas pricing.

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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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Shareholder Presentation April 2022

Posted on 20 April 2022

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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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