Archive: February, 2020

Mahato PSC update

Posted on 26 February 2020

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that it has become aware that a tender has been released for the rental of oil production facility equipment for the Mahato PSC, this is attached.


Cue has a 12.5% interest in the Mahato PSC. New Zealand Oil & Gas has a 50.04% interest in Cue.

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New Zealand Oil & Gas Half-Year Result

Posted on 26 February 2020

  • Net loss $1.5m ($3.3m improvement from loss of $4.8m a year ago)
  • Cash balance of $105.2m (up 6.2% from $99.1m a year ago)
  • Kupe improvement projects underway
  • Preparation for drilling Ironbark in WA late 2020
  • Restrained overhead costs

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