News

Mereenie Production Wells WM27 & WM28 Completed And Rig Released

Posted on 28 September 2021

The operator of the Mereenie joint venture, Central Petroleum Limited (ASX:CTP) (“Central”) has advised that drilling and completion of the new production wells WM-27 and WM-28 has been completed and the Easternwell Rig 27 was released on 23 September 2021.

 

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All Conditions Precedent Satisfied For Amadeus Basin Transaction

Posted on 20 September 2021

Territory assets from Central Petroleum and today the remaining third party approvals have been received.

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Regulatory Approval Received from Northern Territory Government

Posted on 10 September 2021

The Northern Territory Government has today provided its regulatory approval to New Zealand Oil & Gasin relation to the transaction to acquire Amadeus Basin Assets from Central Petroleum. This satisfies a key condition precedent of the transaction.

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Mereenie Development Well Wm28 Successfully Completed

Posted on 6 September 2021

The operator of the Mereenie joint venture, Central Petroleum Limited (ASX:CTP) (“Central”) has advised that WM28, the second development well in the Mereenie Development Programme was completed on 6th September 2021. The rig will now move back to WM19 to carry out some remediation work, before moving to WM27 to complete the Pacoota 1 interval as a producer.

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New Zealand Oil & Gas Annual Result For Year To 30 June 2021

Posted on 25 August 2021


• Revenue stable at $36.0m ($37.3m last year)
• NPAT – Loss of NZ$43.3m impacted by $35.4m exploration expense and $6.7m FX loss
• Steady production performance
• Expected revenue and NPAT improvement from Amadeus.

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2021 AGM Director Nomination Window Closing

Posted on 19 August 2021

Nominations for the board are open, and close on Friday 3 September 2021.

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New Zealand Oil & Gas Activities Report

Posted on 30 July 2021

New Zealand Oil & Gas Activities Report & Cashflow Reports have just been released for Quarter ended 30 June 2021

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Mereenie Development Well Wm28 Commences

Posted on 23 July 2021

The operator of the Mereenie joint venture, Central Petroleum Limited (ASX:CTP) (“Central”) has advised that WM28, the second Development well in the Mereenie Development Programme, was spudded on 21 2021 at 03.30hrs. The update release is attached.

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FIRB No Objection Notice Received For Amadeus Basin Transaction

Posted on 2 July 2021

Australian Foreign Investment Review Board in relation to the transaction to acquire Amadeus Basin Assets from Central Petroleum. This satisfies a key condition precedent of the transaction.

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Special Meeting of Shareholders Results

Posted on 24 June 2021

One resolution was voted on by shareholders at the Special Meeting of New Zealand Oil & Gas held today, 24 June 2021. Results were as follows:

Resolution: Approval of Proposed Acquisition (Ordinary resolution):

THAT the Proposed Acquisition, as described in the Explanatory Notes contained in the Notice of Special Meeting, is approved under and for the purposes of NZX Listing Rule 5.1.1(b) and all other purposes.”

For: 128,658,032 (99.99%) Against: 9,299 (0.01%) Abstain: 97,800

The resolution was therefore carried.

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