News

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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Offer for Tui area oil fields

Posted on 14 December 2016

The operator of the Tui area oil fields off Taranaki, New Zealand has reached an agreement to divest its 57.5 per cent interest. The agreement is subject to joint venture approvals.

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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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Annual Meeting Results

Posted on 28 October 2016


Three resolutions were voted on by shareholders at the Annual Meeting of New Zealand Oil & Gas held in Wellington this morning from 10.00AM (NZDT).

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2016 Annual Meeting Chairman’s address

Posted on 28 October 2016

27 October 2016 Chairman’s Address,

Annual Meeting 2016 10.00AM Thursday, 27 October 2016

Te Wharewaka Centre, Wellington

Good morning ladies and gentlemen. As a quorum is present I call the meeting to order.

I would like to welcome you to the 2016 New Zealand Oil & Gas annual meeting. In addition to the shareholders in the room I am advised we have received proxies and postal votes for 123 million shares representing some 37% of the company’s capital. I would like to begin by introducing my fellow members of the Board.

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2016 Annual Meeting CEO’s address

Posted on 28 October 2016

Annual Meeting 2016,

Acting CEO’s address Mr Chairman, thank you for your introduction. Members of the Board Ladies and gentlemen

I'm delighted to be able to address you this morning,

I am a Petroleum Engineer.

I first went to university in Sydney.

Nine years ago I brought my family here, after sixteen years in Asia and Europe.

I found a land of opportunity, and it is now our home. Three years ago I came to work at New Zealand Oil & Gas, I feel a real sense of privilege to be leading it forward, and hope today to share with you my excitement about our company.

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Clipper change of conditions granted

Posted on 14 October 2016

Work continues on New Zealand's largest publicly-announced petroleum prospect, with approval by the regulator for a change of conditions and extension of duration for Petroleum Exploration Permit 52717 Clipper.

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New Zealand Oil & Gas completes on-market buy back

Posted on 19 September 2016

The results of the on-market buy back conducted by New Zealand Oil & Gas on 16 September are linked in this news update.

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