Welcome to our dedicated page for New Zealand Energy news (Ticker: NZERF), a resource for investors and traders seeking the latest updates and insights on New Zealand Energy stock.
New Zealand Energy Corp (NZERF) provides critical updates on oil and gas exploration, production activities, and strategic partnerships in New Zealand's energy sector. This page aggregates official announcements and operational developments for stakeholders tracking the company's progress in addressing domestic energy needs through natural gas production and storage solutions.
Investors and industry observers will find timely updates on drilling operations, joint venture milestones, and gas sales agreements. The resource covers technical developments including well completions, seismic surveys, and infrastructure upgrades while maintaining compliance with New Zealand's energy regulations.
Key content categories include exploration results, production reports, partnership announcements, and regulatory filings. All materials are sourced directly from company disclosures to ensure accuracy and relevance for financial decision-making.
Bookmark this page for structured access to NZERF's latest operational updates and strategic initiatives in New Zealand's evolving energy landscape. Check regularly for new developments impacting the company's market position and resource development timelines.
New Zealand Energy Corp. (NZERF) has received a cease trade order from the British Columbia Securities Commission (BCSC) effective May 6, 2025. The order was issued due to the company's failure to file its required annual financial documents for the year ended December 31, 2024. As a consequence, the Canadian Investment Regulatory Organization has halted trading of the company's common shares on May 7, 2025. The company expects to complete the required filings, including audited annual financial statements, management's discussion and analysis, and annual certifications, by May 16, 2025.
New Zealand Energy Corp. (NZEC) has provided updates on its Tariki Development and other projects. The recently completed Tariki-5A well has confirmed significant remaining free gas and condensate, intersecting target sands 11m higher than prior wells. While peak flow rates exceeded 4mmscf/d, stable rates are approximately 1 mmscf/d with 25-30 bbls/d of condensate.
The company is advancing its gas storage project, with Stage 1 targeting injection rates of 10-15 mmscf/d and extraction at ~30 mmscf/d. The Tariki field could potentially store between 25-40 Bscf of gas, with Stage 1 injection planned for Q4 2025.
Additionally, NZEC is working to restore oil production from Waihapa wells and planning Copper Moki workover projects, expected to add over 100 stb/oil daily, with potential flush production exceeding 300 stb/d for 1-2 months in Q2 2025.
New Zealand Energy Corp. (TSXV: NZ) has announced successful production startup at its Tariki-5A gas development well. The well began gas sales on December 30th, 2024, after being perforated over 8m of a 20m gas-bearing sand section. Initial flow rates ranged from 2 to 5.5 mmscf/d, by wellsite equipment. Preliminary estimates suggest the well could deliver up to 12 mmscf/d of gas and associated condensate to market, though this requires further testing confirmation.
The gas is being processed through a 35km pipeline to Waihapa Production Station and then to Cheal production station for dehydration. This marks the completion of the company's highest priority 2024 project and represents the first stage in developing Tariki field into New Zealand's second gas storage field.
New Zealand Energy Corp. (TSXV: NZ) has received final TSX Venture Exchange approval for its farmout agreement with Monumental Energy Corp. The agreement allows Monumental to participate in repairing and restarting production at two wells, Copper Moki 1 & 2, located in the Taranaki Basin, New Zealand. Monumental will invest approximately NZ$800,000 in exchange for 75% of oil and gas revenue (net of production costs) until investment recovery, followed by a 25% net revenue interest. The project has also received consent from the New Zealand Minister under the Crown Minerals Act 1991. Workovers are expected to begin in early 2025.
New Zealand Energy Corp. (TSXV: NZ) held its Annual General and Special Meeting of shareholders in Auckland on December 12, 2024. The meeting saw participation from shareholders representing 25.81% of total issued shares, with 4,157,052 common shares voted. All proposed matters were approved, including the re-election of Directors Frank Jacobs, Michael Adams, Robert Bose, and Bill Treuren. Shareholders also approved the reappointment of Ernst & Young as auditors and the company's amended stock option plan.
New Zealand Energy Corp. (NZEV) has announced preliminary results from its Tariki-5A gas development well. The well successfully intersected target Tariki sands on November 29, 2024, with interpreted gas-bearing properties. The gas column is evaluated at minimum 8 meters within a ~60m gross Tariki sand, with potential for an additional 8-12m pending log analyses. Management expects production capacity of at least 10 Terajoules/Day (9 MMSCF/Day), exceeding Gas Sales Agreement requirements with Genesis Energy. The Gas-Water-Contact was found deeper than expected, positively impacting gas volume estimates. The company plans to begin perforating and production testing from December 16, 2024.
New Zealand Energy Corp. (TSXV: NZ) reported its Q3 2024 financial results, showing a total comprehensive loss of $2,983,985, compared to a loss of $1,777,059 in 2023. The company's cash position increased by $592,659 to $1,774,108 at quarter-end, while cash used in operating activities was $2,004,245. The Tariki gas development project remains the primary focus, with the Tariki-5A sidetrack showing strong hydrocarbon indicators in the Tikorangi formation. The company expects to begin producing gas into the NZ transmission system before year-end and anticipates generating positive cashflows from Q1 2025.
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