New Zealand Energy Corp. Provides Operational Update on Tariki-5
New Plymouth, New Zealand--(Newsfile Corp. - October 8, 2024) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to provide an operational update regarding the drilling of the Tariki-5 gas development well first week's progress. The Tariki Joint Venture, comprised of the Company's wholly owned subsidiary, NZEC Tariki Limited (as to 50%) and L&M Energy Limited (as to 50%), reports that the Tariki-5 well is preparing to commence drilling ahead from a depth of 873.5 m...
2024-10-08 10:10 PM EDT
New Zealand Energy Corp. Announces Private Placement for up to C$948,275
New Plymouth, New Zealand--(Newsfile Corp. - October 7, 2024) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement of common shares of the Company (each a "Common Share") at a price of C$0.85 per Common Share for aggregate gross proceeds of a minimum of C$850,000 and up to a maximum of C$948,275 (the "Offering"). It is anticipated that the net proceeds from the Offering will be used to advance the...
2024-10-07 6:03 PM EDT
New Zealand Energy Corp. Provides Update on Tariki-5
New Plymouth, New Zealand--(Newsfile Corp. - September 29, 2024) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to provide an operational update regarding the Tariki-5 gas development well. The Tariki Joint Venture, comprised of the Company's wholly owned subsidiary, NZEC Tariki Limited (as to 50%) and L&M Energy Limited (as to 50%), reports that operations for the Tariki-5 well commenced drilling at 6.30 (New Zealand Standard Time) on 30 September 2024. The well...
2024-09-29 4:47 PM EDT
New Zealand Energy Corp. Provides Update on Tariki-5
Wellington, New Zealand--(Newsfile Corp. - September 5, 2024) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to provide the following updates with respect to the upcoming drilling operations targeting the Company's flagship gas production and storage project at Tariki-5. The Tariki Joint Venture ("TJV"), comprised of the Company's wholly owned subsidiary, NZEC Tariki Limited (as to 50%) and L&M Energy Limited (as to 50%), has executed a gas handling and processing...
2024-09-05 8:44 PM EDT
New Zealand Energy Corp. Announces 2024 Quarter 2 Results
Wellington, New Zealand--(Newsfile Corp. - August 28, 2024) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") announced today it has filed with Canadian regulatory authorities its Q2 2024 consolidated financial results and an accompanying management discussion and analysis report, which documents are available on the Company's website at www.newzealandenergy.com and on SEDAR at www.sedar.com. Commenting on the Company's second quarter 2024 results, Chairman James Willis said,...
2024-08-28 6:55 PM EDT
New Zealand Energy Corp. Provides Update on Tariki-5
Wellington, New Zealand--(Newsfile Corp. - August 21, 2024) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") announced today an operational update regarding the Tariki-5 gas well. The Tariki Joint Venture, comprised of the Company's wholly owned subsidiary, NZEC Tariki Limited (as to 50%) and L&M Energy Limited (as to 50%), has been informed by the drilling rig operator that the rig mobilization to the Tariki-5 drill site has been delayed due to mechanical problems with the...
2024-08-21 9:31 PM EDT
New Zealand Energy Corp. Announces Tariki Gas Sale
Wellington, New Zealand--(Newsfile Corp. - July 25, 2024) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to announce that the Tariki Joint Venture, comprised of the Company's wholly owned subsidiary, NZEC Tariki Limited (as to 50%) and L&M Energy Limited (as to 50%), entered into a gas sales agreement on 26 July 2024 with an arms-length third party offtaker (the "Offtaker"). Under the gas sales agreement: The Tariki Joint Venture has agreed to sell to the Offtaker...
2024-07-25 7:38 PM EDT
Auctus Initiates Coverage of New Zealand Energy Corp.
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2024) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to announce that Auctus Advisors LLP ("Auctus"), the Company's UK capital markets advisor, has initiated equity research coverage of the Company. A copy of the report is available from Auctus' website at www.auctusadvisors.co.uk. The report assesses the potential of the upcoming Tariki-5 well and the Company's gas storage project and the potential impact...
2024-06-17 7:48 PM EDT
New Zealand Energy Corp Announces 2024 Quarter 1 Results
Wellington, New Zealand--(Newsfile Corp. - May 29, 2024) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") announced today it has filed with Canadian regulatory authorities its Q1 2024 consolidated financial results and an accompanying management discussion and analysis report, which documents are available on the Company's website at www.newzealandenergy.com and on SEDAR at www.sedar.com. Commenting on the Company's first quarter 2024 results, Chairman James Willis said: "The...
2024-05-29 6:22 PM EDT
New Zealand Energy Corp. Announces Grant of Stock Options
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2024) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") announced today that, subject to regulatory approval, it has granted a total of 1,400,000 options to purchase common shares of NZEC to directors, officers and consultants of NZEC, with an exercise price of C$0.84 and an expiry date of May 13, 2027. The Company relied on section 5.5(b) of Multilateral Instrument 61-101 as the exemption from the formal valuation...
2024-05-13 6:03 PM EDT
New Zealand Energy Corp. Closes $5 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2024) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") announced that, further to its 21 March 2024, 8 April 2024 and 11 April 2024 news releases, it has completed the closing of the previously announced non-brokered private placement offering (the "Private Placement") of common shares of the Company ("Common Shares"). NZEC issued 6,666,667 Common Shares at a price of C$0.75 per Common Share for gross proceeds of...
2024-05-09 4:20 PM EDT
New Zealand Energy Corp. Clarifies Dividend Strategy
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2024) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") wishes to clarify its dividend strategy as announced in its 8 April 2024 news release. The Company has not yet adopted a formal written dividend policy. The dividend strategy of the Company, as noted in the 8 April 2024 news release, is to be "dividend oriented", with the aim being to return at least 50% of free cashflow to shareholders. Should the board of directors of...
2024-05-06 4:05 PM EDT
New Zealand Energy Corp Announces 2023 Quarter 4 Results
Wellington, New Zealand--(Newsfile Corp. - April 28, 2024) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") announced today it has filed with Canadian regulatory authorities its Q4 2023 consolidated financial results and an accompanying management discussion and analysis report, which documents are available on the Company's website at www.newzealandenergy.com and on SEDAR at www.sedar.com. Commenting on the Company's 2023 end of year results, Chairman James Willis said "The...
2024-04-28 10:33 PM EDT
New Zealand Energy Corp. Provides Private Placement Update
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2024) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to announce that, further to its 22 March 2024 and 8 April 2024 news releases, it has increased the size of its non-brokered private placement offering (the "Private Placement") of common shares of the Company ("Common Shares") from $4,500,000 to $5,000,000, subject to approval of the TSX Venture Exchange (the "TSXV"). Charlestown Energy Partners, LLC...
2024-04-11 9:41 PM EDT
New Zealand Energy Corp. Dividend Policy
Vancouver, British Columbia--(Newsfile Corp. - April 8, 2024) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to outline its Dividend Policy. NZEC is in the process of completing its Private Placement. During discussions with investors the Company has emphasized that it aims to be "Dividend oriented". Funds for dividend(s), and also for growth, is expected to come from gas production from the Tariki-5 development well which will be drilled in August/September 2024....
2024-04-08 2:33 AM EDT
New Zealand Energy Corp. Announces Proposed Private Placement and Engagement of Auctus Advisors
Vancouver, British Columbia--(Newsfile Corp. - March 21, 2024) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") announced today that it intends to complete a non-brokered private placement offering (the "Private Placement") of up to 6,000,000 common shares of the Company ("Common Shares") at a price of $0.75 per share for gross proceeds of up to $4.5 million. Since new management and directors were appointed in late November 2023, the Company has identified attractive...
2024-03-21 8:14 PM EDT
New Zealand Energy Corp. Provides Operational Update
Wellington, New Zealand--(Newsfile Corp. - February 15, 2024) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to provide an operational update. The Company is continuing to prioritize drilling the Tariki-5 Development well in mid-2024. In addition, the Company is focused on restoring production in the existing Copper Moki and Waihapa oil fields, also in the first half of 2024. Details of the planned operations are; Tariki-5 New Development Well Targets development...
2024-02-15 5:48 PM EST
New Zealand Energy Corp. Closes Final Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 29, 2023) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") announced that, further to its 24 October 2023, 23 November 2023 and 12 December 2023 news releases, it has completed the closing of the final tranche of the previously announced non-brokered private placement offering (the "Private Placement") of common shares of the Company ("Common Shares"). Pursuant to the final tranche, NZEC issued 582,163 Common Shares at a...
2023-12-29 4:25 PM EST
New Zealand Energy Corp announces Results of 2023 Annual General Meeting of Shareholders
Wellington, New Zealand--(Newsfile Corp. - December 28, 2023) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") announced today the results of its Annual General Meeting of shareholders held in Wellington, New Zealand on Friday 29 December 2023 (NZT). A total of 685,479 common shares representing just over 29.53% of the total issued and outstanding common shares were voted at the meeting. Each of the current directors, James Willis, Franciscus Jacobs and Michael Adams were...
2023-12-28 4:12 PM EST
New Zealand Energy Corp. Closes First Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2023) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") announced that, further to its 24 October 2023 and 23 November 2023 news releases, it has completed the closing of the first tranche of the previously announced non-brokered private placement offering (the "Private Placement") of common shares of the Company ("Common Shares"). NZEC issued 5,417,837 Common Shares at a price of C$0.38 per Common Share for gross...
2023-12-12 4:50 PM EST