New Zealand Oil and gas
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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