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. announces operational and corporate developments tied to oil, gas and gas-storage opportunities in New Zealand. Recurring updates cover onshore Taranaki Basin activity, including Tariki, Ngaere and Waihapa wells, workovers, production testing, tie-ins to the Waihapa production station and advancement of the Tariki Gas Storage Project. Company news also includes capital raises, stock option grants, disclosure-timing matters and joint activity with co-venturers on petroleum mining licences.
New Zealand Energy (OTC:NZERF) reported a five-year extension of the PML 38138 (Tariki) petroleum mining licence in New Zealand to July 20, 2031. The Tariki joint venture has begun artificial lift at the Tariki-5A well, restarted gas production, and is targeting stabilized gas flows by January 20, 2028.
The company views the extension as enhancing long-term development and gas-storage plans. It also announced director Frank Jacobs resigned for personal reasons. Work continues under a management cease trade order to complete delayed 2025 annual filings, with bi-weekly updates under NP 12-203.
New Zealand Energy Corp (OTC: NZERF) reported initial production tests from two Tariki wells in the Taranaki Basin. Tariki 1A stabilized at ~3 mmcf/d over 96 hours and continues to flow; Tariki 5A stabilized at ~1.5 mmcf/d over 48 hours before being shut in. Both wells sit ~14 km from Waihapa production station for efficient tie-in. The company produced significant water during flow testing (Tariki 1A ~2,000 bbl/d; Tariki 5A ~800 bbl/d) and plans tie-ins, sand-removal for 5A, debottlenecking at WPS, and low-cost workovers to grow production.
New Zealand Energy Corp (OTC:NZERF) announced a delay in filing its 2025 audited consolidated financial statements, MD&A, NI 52-109 certificates and NI 51-101 forms due to senior management and external auditor changes and related timing for an independent reserves evaluation. The company expects to file the Required Documents before June 1, 2026 but received a BCSC management cease trade order dated May 1, 2026 that sets a final filing deadline of June 29, 2026. The company will issue bi-weekly status reports while in default and remains current on other filings.
New Zealand Energy Corp (OTC:NZERF) reported strong initial well results from Ngaere-2 in the Taranaki Basin on March 30, 2026. Ngaere-2 delivered a ~2,500-barrel initial flush and currently flows unstimulated at ~300 barrels per day.
The well sits near existing producers and the Waihapa facility, aiding tie-in. Production is presently limited by oil transport capacity; partners are working to debottleneck infrastructure while pursuing low-cost workovers and recompletions to scale output.
New Zealand Energy Corp (OTC: NZERF) announced that the Waihapa H1 well in onshore Taranaki has resumed production after a workover, with NZEC holding a 50% interest in licences PML 38140 and PML 38141. Initial stabilized oil and gas flow was reported at ~553 barrels per day over a 24‑hour period following six days of production and cleanup.
The well targets Mount Messenger formation pay previously perforated at Ngaere‑1; oil is being sent to the nearby Waihapa facility about 100 metres away for processing and sale, and associated gas is sold into the local market.
New Zealand Energy Corp (NZERF) reported initial production and project updates from its 50% interest in PML 38140/38141 and Tariki Gas Storage Project in Taranaki.
Ngaere-1 flowed ~580 barrels in first six hours and ~3,000 barrels to date, stabilizing near 120 barrels per day. Workover costs were recovered within weeks. Partners plan similar perforations at Waihapa H1 and Ngaere-2 with flow results expected in 2–3 weeks. Tariki project advanced through engineering and pre-FEED, with Tariki-5A flowback due in coming weeks and stronger LNG import policy supporting the project case.
New Zealand Energy Corp. (OTC: NZERF) granted stock options to certain directors, officers and employees to purchase up to 3,250,000 common shares. The Options are exercisable at C$0.45 per share, vest immediately and expire five years from grant.
The grant is described as aligning management and staff interests with shareholders and providing long-term incentives tied to company performance.
New Zealand Energy Corp (OTC: NZERF) closed a non-brokered private placement of 17,500,000 common shares at C$0.20 per share for aggregate gross proceeds of C$3.5 million on February 9, 2026.
The proceeds will fund advancement of the company’s gas storage business and general corporate purposes. Advisory fees of C$29,250 were paid. Two insiders subscribed for 2,600,000 shares (C$535,000); the related-party participation fell below MI 61-101 thresholds, so no formal valuation or minority approval was required.
New Zealand Energy Corp. (NZERF) announced a proposed private placement of up to 17,500,000 common shares at C$0.20 per share to raise up to C$3.5 million on a non-brokered basis. The company said net proceeds will be used to advance its gas storage business and for general corporate purposes. The Offering is subject to regulatory approvals, including conditional TSX Venture Exchange approval, and is expected to close on or about February 5, 2026. The shares will not be registered in the United States and U.S. persons cannot participate absent an exemption.
New Zealand Energy Corp (OTC: NZERF) announced the immediate appointments of Toby Pierce as Chief Executive Officer and Robert Bose as Executive Chairman, effective January 14, 2026.
Mr. Pierce brings close to 30 years of energy and natural resources leadership with an MBA from Rotman and a BSc in Earth Sciences. Mr. Bose has over 25 years of corporate and public markets experience and leads Charlestown Energy Partners. Both predecessors, Mike Adams and Frank Jacobs, voluntarily stepped down and will continue to serve as directors.