Tag: Kupe

Kupe Transaction Completes

Posted on 14 December 2017

New Zealand Oil & Gas and Mitsui E&P Australia have completed the sale and purchase of a 4 per cent interest in the Kupe gas and light oil field.

 

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Regulatory Approvals Received for Kupe Transaction

Posted on 12 December 2017

Approval has been received from the Overseas Investment Office and from New Zealand Petroleum & Minerals for New Zealand Oil & Gas to purchase Mitsui E&P Australia's 4 per cent interest in the Kupe gas and light oil field.

 

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Kupe Sale and Purchase Agreement Signed

Posted on 6 July 2017

A sale and purchase agreement has today been signed by New Zealand Oil & Gas and Mitsui E&P Australia for Mitsui's 4 per cent interest in the Kupe gas and light oil field.

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New Zealand Oil & Gas buys Mitsui’s 4% of Kupe For $35m

Posted on 18 May 2017

- Quality investment appropriate to NZO’s current scale and appetite for sensibly diversified risk.

- Rights within the joint venture.

- Ongoing income from a well-understood, high-quality asset.

 

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Kupe transaction completed

Posted on 5 January 2017

The sale of the 15 per cent New Zealand Oil & Gas interest in the Kupe gas field off Taranaki, New Zealand, was completed on 1 January.

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Kupe Special Meeting, Results

Posted on 16 December 2016

Resolutions approving the sale of the 15 per cent New Zealand Oil & Gas interest in the Kupe gas field have been passed by a resounding majority at a special meeting this morning.

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Independent appraisal report of Kupe transaction

Posted on 1 December 2016

New Zealand Oil & Gas is today mailing to shareholders an independent appraisal report on its sale to Genesis Energy of its 15 per cent interest in the Kupe gas field. The report is being mailed along with a notice of a special shareholder meeting to be held on 16 December.

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New Zealand Oil & Gas interest in Kupe field

Posted on 16 November 2016

New Zealand Oil & Gas has reached agreement to sell its 15 per cent interest in the Kupe gas and oil fields and production station to Genesis Energy for NZ$168 million. The effective date of the transaction will be 1 January 2017 and includes New Zealand Oil & Gas entitlement to overriding royalty interests.

 

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15% increase in Kupe developed reserves

Posted on 21 April 2016

New Zealand Oil & Gas has announced a further upgrade in developed reserves in the Kupe gas and light oil field off Taranaki, New Zealand, following analysis by the joint venture.

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