New Zealand Oil and gas
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Archive: 26/08/2022

New Zealand Oil & Gas Annual Result For The Year To 30 June 2022 - Growth Projects Deliver

Posted on 26 August 2022

  • Net profit after tax of NZ$25.7 million, up from a loss of NZ$43.3 million last year.
  • Annual production up 110% to 1.2 million barrels of oil equivalent.
  • Revenue up 133% year on year to NZ$83.8 million. • Five wells drilled in FY22.
  • Acquisition of Amadeus Basin assets provides entry into the strong Australian gas market.
  • Growth set to continue in FY23 with up to six well recompletions and two development wells at Mereenie and 10 wells planned for Mahato.

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