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

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.

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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).

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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

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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.

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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.

 

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Pep 52717 Relinquishment

Posted on 16 February 2021

New Zealand Oil & Gas and partner Beach Energy have applied to relinquish Petroleum Exploration Permit 52717 (Clipper), which contains the Barque prospect. “It is with great regret that the Joint Venture relinquish this permit after years of work to mature it and bring in appropriate partners. I expect it will not be the last offshore acreage to suffer the same fate. New Zealand Oil & Gas believes a confluence of events including; adverse regulatory settings for offshore exploration; the dry hole at OMV’s Tawhaki permit; the recent announcement terminating Wherry-1 drilling; and the effects of COVID on drill rig costs and availability have formed a perfect storm, making the task of finding suitable partners in the required timeline impossible” says Chief Executive Andrew Jefferies.

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December 2020 Quarterly Reports Released

Posted on 3 February 2021

The NZOG December 2020 Quarterly Report and Quarterly Cash Flow Report are now released and available to be read online by clicking here

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Mahato PSC Update - Oil Production

Posted on 15 January 2021

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that commercial production of oil has commenced from the PB field in the Mahato PSC in Indonesia and the dispute between Cue and the Joint Venture partners has been settled. The update release is attached.

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Ironbark-1 Plug and Abandon complete

Posted by Default Admin on 12 January 2021

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Ironbark Final Operations Update

Posted on 12 January 2021

The Diamond Ocean Apex rig has completed its work scope and departed the Ironbark-1 well location at mid-night Monday 11th January 2021 (AWST). This will be the last update on the Ironbark-1 well operations.

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