News

CEO Address to Special Meeting Of Shareholders

Posted on 24 June 2021


Andrew Jefferies Chief Executive

Ladies and gentlemen,

One of our major strengths as a business is our expertise in evaluating assets.

The excellence of your company’s staff has added value for you in the past, such as when we were able to motivate our partners to agree to development projects at Kupe.




Read the full post

Chair’s Address to Special Meeting Of Shareholders

Posted on 24 June 2021

Ladies and gentlemen,

As you have already heard, this special meeting has been called to consider the proposed acquisition of assets from Central Petroleum.

The details of the proposal are in your Notice of Meeting.

In a few moments, Andrew Jefferies will speak to the quality of the assets and the associated work plan.

But first I wanted to take a few moments to explain, on behalf of the board, why we are recommending that shareholders support this transaction.

Read the full post

Mereenie Development Well WM27 Commences

Posted on 4 June 2021

The operator of the Mereenie joint venture, Central Petroleum Limited (ASX:CTP) (“Central”) has advised that WM27, the first Development well in the Mereenie Development Programme, was spudded on 3rd of June 2021 at 2145 hrs. The update release is attached. Further updates will be provided as the programme progresses.

Read the full post

2021 Notice of Special Meeting of Shareholders

Posted on 25 May 2021

New Zealand Oil & Gas proposes to acquire interests in three gas producing projects in central Australia. You are asked to vote on the Proposed Acquisition at a special meeting of shareholders. The Board of New Zealand Oil & Gas recommends that you vote in favour of the Resolution. O.G. Oil and Gas (Singapore) Pte. Ltd., which holds 69.9% of the shareholder voting rights in New Zealand Oil & Gas, intends to vote in favour of the Resolution.

THIS IS AN IMPORTANT DOCUMENT AND REQUIRES YOUR IMMEDIATE ATTENTION

Read the full post

Proposed Acquisition Of Central Petroleum Amadeus Basin Assets

Posted on 25 May 2021

New Zealand Oil & Gas Group agrees to purchase interests in 3 producing Northern Territory assets from Central Petroleum.
Agreement is subject to conditions, including shareholder approval.


14.5mmboe increase in 2P reserves; a near 5 times increase.*


Cash payment of A$29m, adjusted for revenues and costs from 1 July 2020, and development carry capped at A$40m.


New Zealand Oil & Gas to acquire 70%, Cue Energy (New Zealand Oil & Gas 50.04% owned subsidiary) to acquire 30%.

Read the full post

Mahato PSC Update – First Revenue Received

Posted on 20 May 2021

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that first revenue from oil sales from the PB field in the Mahato PSC, Indonesia, has been received by Cue Mahato Pty Ltd. The update release is attached.

Read the full post

Mahato PSC Update – Development Update

Posted on 28 April 2021


New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that the PB-5 development well in the Mahato PSC has recently been successfully drilled and tested at a gross rate of approximately 1000 barrels of oil per day (bopd).

Read the full post

March 2021 Quarterly Reports Released

Posted on 13 April 2021

The NZOG March 2021 Quarterly Report and Quarterly Cash Flow Report are now released and available to be read online by clicking here

Read the full post

PEP 55794 Relinquishment

Posted on 10 March 2021

New Zealand Oil & Gas have applied to relinquish Petroleum Exploration Permit 55794 (Toroa) which contains the Kaipatiki prospect.

Read the full post

Exploration Expense Impacts Half-year Outcome

Posted on 26 February 2021

Interim financial results released today show lower revenues in the first half of FY2021 and the impact of exploration results on cash reserves and profits.

The costs of the unsuccessful drilling of Ironbark have been expensed at a cost to the group of $31.4 million.

 

Read the full post