New Zealand Oil and gas
SHAREPRICE
hero-2.jpg

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: Mereenie

Gas Supply Agreement Extension Unconditional

Posted on 26 June 2024

As announced on 21 September 2023, New Zealand Oil & Gas (NZX: NZO, ASX: NZO) agreed to extend the gas supply agreement with South32 Cannington for supply of gas from the Mereenie field, for an additional 12 months, conditional on transportation agreements. This agreement has become unconditional.

Read the full post

New Zealand Oil & Gas Buys More Of The Mereenie Gas Field

Posted on 14 June 2024

Highlights

  • Acquisition previously announced has completed.
  • Further 25% interest in the Mereenie gas field acquired.
  • A$63 million debt facility entered with initial drawdown of A$49.5 million, which includes cash to pay the A$5 million first contingent payment due end of June 2024.
  • Further contingent and deferred payment of A$4 million outstanding.

Read the full post

New Zealand Oil & Gas Buys More Of The Mereenie Gas Field

Posted on 14 February 2024

Highlights

  • Conditional acquisition of a further 25% interest in the Mereenie gas field, AmadeusBasin, NT, Australia
  • Doubles Mereenie 2P Total reserves and increases NZO's net 2P Total Reserves by 41%
  • Upfront payment of A$42.5m, to be adjusted for revenues and costs from 1 April 2023,and further contingent payments of up to A$9m
  • 100% vendor debt facility of up to A$63m covers all purchase and transaction costs,with additional availability to fund development activity

 

Read the full post

New Zealand Oil & Gas Signs Gas Supply Agreement With Arafura Rare Earths

Posted on 13 February 2024

  • New Zealand Oil & Gas signs a conditional Gas Supply Agreement with Arafura Rare Earths for up to 4.8 Petajoules (PJ) of gas to be supplied for a period of up to 5 years from 2026.

Read the full post

Mereenie Helium Recovery Unit Mou

Posted on 30 August 2023

New Zealand Oil & Gas and its Mereenie Joint Venture Partners (the Mereenie JV) have entered into a Memorandum of Understanding (MOU) with Twin Bridges LLC (Twin Bridges), a private US company who specialises in helium appraisal and production, to progress a helium recovery unit (HRU) project at the Mereenie field in the Northern Territory towards a final investment decision (FID). Central Petroleum Limited (Central) is the field Operator and has issued a release which contains the key points regarding the MOU.

Read the full post

New Zealand Oil & Gas Signs New East Coast Gas Supply Agreement

Posted on 15 December 2022

• New Zealand Oil & Gas signs a new Gas Supply Agreement with South32 Cannington for supply of gas from the Mereenie field
• Two-year term from 1 January 2023 for delivery of 0.38 Petajoules (PJ) of gas from New Zealand Oil & Gas into the East Coast domestic market.
• Fixed price, take-or-pay contract reflects strong market conditions

Read the full post

Project Scout Offer Document

Posted on 9 May 2022

This document has been prepared by New Zealand Oil & Gas Limited (“NZO”) in connection with a 1 for 2.7625 renounceable rights offer of new ordinary shares to Eligible Shareholders.

Read the full post

Gas Market Update

Posted on 5 May 2022

New Zealand Oil & Gas as part of the Mereenie Joint Venture, has entered into tradingand transportation agreements enabling sales of uncontracted gas into East Coasttrading hubs, including Brisbane and Sydney Short Term Trading Markets (STTMs),which currently offer premium gas pricing.

Read the full post

Amadeus Basin Update

Posted on 7 March 2022

The Operator of the Mereenie, Palm Valley and Dingo fields, Central Petroleum Ltd (Central) (ASX: CTP) has advised that it has updated its share of reserves for Mereenie, Palm Valley and Dingo.

Read the full post

Amadeus Basin Exploration Well Programme Update

Posted on 26 January 2022

As previously announced, planning continues for the Q1 2022 Palm Valley and Dingo exploration well drilling program

Read the full post