Archive: September, 2023

New Zealand Oil and Gas Year End Result Revenue up 18%

Posted on 6 September 2023

  • Revenue of NZ$98.8 million up 18% strong gas prices realised for contracted and uncontracted gas
  • Production up 7 year on year
  • Increase in Mahato oil production from development drilling
  • Palm Valley gas production up 49% for the year after successful tie in of PV 12 well
  • Operating cashflows of NZ $32.5 million up NZ $1.0 million year on year
  • Continued growth expected from Mahato, Kupe and Amadeus developments

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