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.

Tag: Half Year Results

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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NEW ZEALAND OIL & GAS HALF YEAR RESULT– REVENUE UP 40%

Posted on 28 February 2023

Net profit after tax of NZ$7.0 million, after exploration expense
Net operating cashflows NZ$14.5 million, up 109%
Revenue up 40% year-on-year to NZ$46.1 million
Production up 14% year-on-year
Palm Valley average daily production rate more than doubled
Growth in oil production from Mahato development drilling
Continued growth expected from Mahato and Amadeus developments

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Appendix 4D Half Year Report

Posted on 28 February 2023

For the half year ended 31 December 2022 as required by ASX listing rule 4.2A

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New Zealand Oil & Gas - Half Year Net Profit after Tax NZ$15.7m

Posted on 25 February 2022

Net profit after tax improve d by $58m on prior comparative period
Revenue up 106% on prior comparative period
More growth projects to come

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New Zealand Oil & Gas Half-Year Result

Posted on 26 February 2020

Net loss $1.5m ($3.3m improvement from loss of $4.8m a year ago)
Cash balance of $105.2m (up 6.2% from $99.1m a year ago)
Kupe improvement projects underway
Preparation for drilling Ironbark in WA late 2020
Restrained overhead costs

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New Zealand Oil & Gas Half-year Result

Posted on 27 February 2019

Write-downs of the Kisaran development asset in Indonesia and the Kohatukai well in Taranaki were the main components in a net loss for New Zealand Oil & Gas of $4.8 million for the six months to 31 December 2018. A net loss of $0.7 million was recorded in the prior corresponding period.

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