Tag: Annual Result

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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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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New Zealand Oil & Gas Annual Result For Year To 30 June 2021

Posted on 25 August 2021


• Revenue stable at $36.0m ($37.3m last year)
• NPAT – Loss of NZ$43.3m impacted by $35.4m exploration expense and $6.7m FX loss
• Steady production performance
• Expected revenue and NPAT improvement from Amadeus.

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New Zealand Oil & Gas FY19 Loss Of $2.9 Million

Posted on 27 August 2019

New Zealand Oil & Gas has recorded a net loss of NZ$2.9 million for the year ended 30 June 2019 compared to a net profit in the previous year of NZ$4.8 million.

The net loss attributable to shareholders of New Zealand Oil & Gas was $7.5 million, compared to a net profit of $0.8 million last year.

Revenue for the 2018-19 year was $43.3 million, up from $35.8 million in the prior corresponding period.

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Annual result for the year to 30 June 2018

Posted on 27 August 2018

ANNUAL RESULT

Group revenue: NZ$35.8m

NPAT: NZ$4.8m

NPAT attributable to NZO shareholders: $0.8m

Cash on hand: $98.0m

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Annual Result

Posted on 29 August 2017

  • NPAT $52.6 million
  • NPAT attributable to shareholders: $62.7 million.
  • Dividend of 4cps, fully imputed.

New Zealand Oil & Gas has recorded a net profit after tax of $52.6 million.

Net profit after tax attributable to shareholders of the group was $62.7 million. 

Last year the company recorded a loss of $51.8 million.

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Annual Meeting

Posted on 19 July 2017

The Annual Meeting of New Zealand Oil & Gas shareholders will be held at 10.00AM on Monday, 30 October 2017 at Te Wharewaka Function Centre, Odlins Square, 109 Jervois Quay,  Wellington.

 

 

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2016 Annual Result and Dividend

Posted on 24 August 2016

New Zealand Oil & Gas will reinstate distributions to shareholders with a fully imputed dividend of 4 cents per share to be paid in October.

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New Zealand Oil & Gas Annual Result for the full year to 2015.

Posted by Default Admin on 27 August 2015

New Zealand Oil & Gas financial results for the year to 30 June 2015 show increased sales volumes have offset lower oil prices.

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Annual Result and Dividend 2014

Posted on 26 August 2014

New Zealand Oil & Gas annual accounts show revenue for the financial year ended 30 June 2014 was up 4.7 percent to NZ$104 million, reflecting a strong operating performance from the company’s key assets.

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