Archive: April, 2022

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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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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