New Zealand Oil and gas
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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: 29/02/2024

Cue Energy Resources Announces Dividend Payment

Posted on 29 February 2024

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has announced it will be paying a special dividend of AUD 2 cents per share on 5 April 2024. NZO therefore expects to receive from Cue a total of A$7.0 million.

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Aud 3 Cents Per Share Special Dividend Declared And Dividend Policy Adopted

Posted on 29 February 2024

  • NZO declares a special dividend of AUD 3 cents per ordinary share
  • Dividend underpinned by strong cashflows in the Group
  • Dividend payment to return A$6.7 million to shareholders
  • NZO establishes a Dividend Policy, to promote efficient capital use, with the intention to pay dividends where it makes financial sense
  • NZO's assets continue to perform strongly with a 44% increase in operating cashflows from the same period last year.

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NEW ZEALAND OIL & GAS HALF-YEAR RESULT: NET PROFIT AFTER TAX UP 112%

Posted on 29 February 2024

''This half year is a watershed for New Zealand Oil & Gas, as the strategy our Board announced in 2020 begins to pay dividends...literally" says Andrew Jefferies CEO.

 

  • Increase in Net Profit After Tax to NZ$7.0 million, up 112%
  • Production up 9%
  • Revenue of NZ$51.3 million up 11 %
  • Operating Cashflow up LILI% to NZ$20.9 million
  • Cash climbs to NZ$Ll6.LI million up 27% from June 2023
  • Special dividend AUD 3 cents per share declared
  • Recently announced 25% ownership increase in the Mereenie field

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Appendix 4D Half Year Report

Posted on 29 February 2024

For the half year ended 31 December 2023 as required by ASX listing rule 4.2A

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