News

New Zealand Oil & Gas Annual Result For The Year To 30 June 2022 - Growth Projects Deliver

Posted on 26 August 2022

Annual Result

• Net profit after tax of NZ$25.7 million, up from a loss of NZ$43.3 million last year.
• Annual production up 110% to 1.2 million barrels of oil equivalent.
• Revenue up 133% year on year to NZ$83.8 million. • Five wells drilled in FY22.
• Acquisition of Amadeus Basin assets provides entry into the strong Australian gas market.
• Growth set to continue in FY23 with up to six well recompletions and two development wells at Mereenie and 10 wells planned for Mahato.

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New Zealand Oil & Gas Quarterly Report

Posted on 1 August 2022

QUARTER HIGHLIGHTS

• Successful capital raising • Primary listing switched to ASX
• New Australian gas contracts at premium prices
• Mahato production well comes online
• Palm Valley development drilling underway
• Increase in cash receipts of 209 per cent on the same quarter last year

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ASX notice, change of admission category

Posted on 23 June 2022

ASX

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Notification Of Level Of Subscription Under NZX Listing Rule 3.17.1

Posted on 26 May 2022

Shareholders

New Zealand Oil & Gas Limited (NZO) advises that it has successfully completed its pro rata renounceable rights offer of ordinary shares (New Shares) to raise NZ$25 million (the Rights Offer).

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Palm Valley-12 Weekly Drilling Update

Posted on 26 May 2022

Palm Valley

The Operator (“Central”) (ASX: CTP) advises that on 23rd May 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory, had reached a depth of 1,880m at 0600 hrs ACST in the P1 unit of the Pacoota Sandstone.

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NZX Issuer Spotlight

Posted on 19 May 2022

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CEO Andrew Jefferies speaks with NZX on their virtual investor event

Posted on 19 May 2022

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Palm Valley-12 Weekly Drilling Update

Posted on 19 May 2022

Palm Valley

The Operator (“Central”) (ASX: CTP) advises that on 16th May 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory, had reached a depth of 1687m at 0600 hrs ACST in the Lower Stairway Formation
Drilling of the 12 ¼" hole commenced on 10th May. In the past week 584 m of drilling has occurred. Following a successful LOT, drilling continued in the 12-¼" section to the current depth of 1687m MD. It is anticipated that the 12-¼" section TD (planned at ~ 2005m) will be reached on 18th May.

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Amadeus Operations Update

Posted on 11 May 2022

Amadeus Basin

New Zealand Oil Gas has rec eived new information from the Operator (Central Petroleum, ASX: CTP Operator of the Palm Valley and Dingo permits. Given the Company’s renounceable rights issue offer is currently open, we are sharing this information now, before matters have developed and before any decision s have been made.

1 Key elements of the information received from Operator and known at present are as follows.

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Palm Valley-12 Weekly Drilling Update

Posted on 10 May 2022

Palm Valley

The Operator (“Central”) (ASX: CTP) advises that on 9th May 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory, had reached a depth of 1103m at 0600 hrs ACST. In the past week a total of 283m of drilling has occurred reaching the planned total depth for the 17.5” hole section at 1103m on 5th May. Consequent to reaching total depth, the 13 3/8” casing has been run and cemented, the BOP and surface equipment has been pressure tested and the well is anticipated to commence drilling ahead in 12 ¼” hole from 10th May.

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