New Zealand Oil and gas
SHAREPRICE
hero-2.jpg

News

This section of our website includes all of our media releases, speeches and presentations. You can view a topic using the tag cloud, or by the date archive found on the right hand side.

Archive: 14/02/2024

New Zealand Oil & Gas Buys More Of The Mereenie Gas Field

Posted on 14 February 2024

Highlights

  • Conditional acquisition of a further 25% interest in the Mereenie gas field, AmadeusBasin, NT, Australia
  • Doubles Mereenie 2P Total reserves and increases NZO's net 2P Total Reserves by 41%
  • Upfront payment of A$42.5m, to be adjusted for revenues and costs from 1 April 2023,and further contingent payments of up to A$9m
  • 100% vendor debt facility of up to A$63m covers all purchase and transaction costs,with additional availability to fund development activity

 

Read the full post