News

New Zealand Oil Gas Signs Extension to Kupe Gas Sales and the Kupe JV Commits to a Drilling Rig

Posted on 7 March 2023

  • New Zealand Oil Gas signs an extension to the Gas Supply Agreement with Genesis Energy for supply of gas from the Kupe field
  • Three year extension from 1 October 2023 for delivery into the New Zealand gas market at a fixed price
  • The Kupe Joint Venture signs a drilling contract with Valaris for drilling the KS 9 well

 

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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 Executes Perth Basin Farm In Agreement With Triangle Energy

Posted on 17 January 2023

  • New Zealand Oil & Gas executes binding Term Sheet with Triangle Energy
  • Acquiring a 25% interest in Triangle’s L7 and EP 437 northern Perth Basin permits
  • Low upfront entry cost, with 3 exploration wells aimed to be drilled in 2024
  • Recently acquired 3D seismic survey covers highly prospective Early Permian gas trend
  • Agreement subject to conditions, including final due diligence and regulatory approvals

 

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Mahato PSC Update – PB - 19 Production Well Online

Posted on 19 December 2022

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an updatethat oil production well PB-19 in the Mahato Production Sharing Contract (PSC), Indonesia, hasbeen successfully drilled and completed and is producing approximately 800 barrels of oil perday (bopd).

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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

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Palm Valley 12 well commenced flowing sales gas

Posted on 1 December 2022

Central Petroleum Limited (“Central”) (ASX: CTP) advises that the Palm Valley 12 (PV12) well has been tied-in and commenced flow testing on 28 November 2022. After a period of ramp-up the well flowed at a stable, wellhead skid-limited rate of ~10TJ which exceeded pre-drill expectations.

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CEO ADDRESS TO ANNUAL MEETING OF SHAREHOLDERS

Posted on 2 November 2022

10am Wednesday, 2 November 2022, Front + Centre, Corner Tory & Tennyson Streets, Wellington NZ, and online / virtually
Andrew Jefferies - Chief Executive

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Change of Registrar

Posted on 28 October 2022

Dear Sir / Madam

Change of Registrar – New Zealand Oil and Gas Limited

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