New Zealand Energy Announces Closing of Private Placement and Board Changes
Vancouver, British Columbia--(Newsfile Corp. - March 23, 2015) - New Zealand Energy Corp. (TSXV: NZ) (OTCQX: NZERF) ("NZEC" or the "Company") advises the previously announced private placement of common shares has resulted in NZEC raising gross proceeds of $1,770,000. The Company will today issue 44,250,000 common shares at a price of $0.04 per share. The common shares to be issued are subject to a four month and one day hold period expiring on July 24, 2015. The net proceeds from the new...
2015-03-23 7:30 AM EDT
New Zealand Energy Operational and Corporate Update
Wellington, New Zealand--(Newsfile Corp. - February 5, 2015) - New Zealand Energy Corp. (TSXV: NZ) (OTCQX: NZERF) ("NZEC" or the "Corporation"), wishes to provide an update with respect to current operations and future corporate plans. Organisational Restructuring Significant changes have been made at the NZ operations level to limit (where practicable) cash burn in this low oil price environment. After a review of the current production and oil price, the company has found it necessary to...
2015-02-05 7:30 AM EST
New Zealand Energy Announces Change of Holding Company Structure, Amendment to Working Capital Facility and Operational Updates
Wellington, New Zealand--(Newsfile Corp. - January 7, 2015) - New Zealand Energy Corp. (TSXV: NZ) (OTCQX: NZERF) ("NZEC" or the "Corporation") , announced today that to save cost and simplify administration it has moved the holding company for its New Zealand subsidiary companies from Singapore to New Zealand. The process has been undertaken by sale of the New Zealand subsidiary companies' shares held by NZ Holdings Pty Ltd to NZEC Holdings Ltd (both wholly owned subsidiaries of NZEC) and by...
2015-01-07 7:30 AM EST
New Zealand Energy Announces Closing of $850,000 Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2014) - New Zealand Energy Corp. (TSXV: NZ) (OTCQX: NZERF) ("NZEC"or the "Company") , announced today that is has closed the previously announced non-brokered private placement offering of 17,000,000 units at a price of $0.05 per unit, for gross proceeds of $850,000, subject to TSX Venture Exchange final approval. Each unit consists of one common share and one common share purchase warrant. Each whole warrant entitles the holder...
2014-12-16 7:00 AM EST
New Zealand Energy Announces $850,000 Equity Financing
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2014) - New Zealand Energy Corp. (TSXV: NZ) (OTCQX: NZERF) ("NZEC" or the "Company") has negotiated an $850,000 equity financing with Geoservices Limited (the "Financing"). The Financing will consist of 17 million units at a price of $0.05 per unit. Each unit will consist of one common share and one non-transferable share purchase warrant of the Company. Each warrant will entitle the holder to acquire one common share at a price of...
2014-12-12 7:00 AM EST
New Zealand Energy Announces Third Quarter Results and Operational Update
Vancouver, British Columbia--(Newsfile Corp. - November 28, 2014) - New Zealand Energy Corp. (TSXV: NZ) (OTCQX: NZERF) ("NZEC" or the "Company") has released the results of its third quarter ended September 30, 2014. Details of the Company's financial results are described in the Unaudited Consolidated Interim Financial Statements and Management's Discussion and Analysis which, together with further details on the Company's operational activities, are available on the Company's website at...
2014-11-28 7:30 AM EST
New Zealand Energy Announces New Chief Executive Officer, Closes Vancouver Office
Vancouver, British Columbia--(Newsfile Corp. - November 24, 2014) - New Zealand Energy Corp. (“NZEC” or the “Company”) (TSXV: NZ) (OTCQX: NZERF) today announced the decision to close its Vancouver office while retaining its Canadian company registration and incorporation. “The decision to close our Vancouver office and focus our attention on New Zealand makes sense because that is where all of our assets and activities are located,” said John Greig, Chairman of NZEC. “Our Vancouver office...
2014-11-24 7:00 AM EST
New Zealand Energy Production and Operational Update
Vancouver, British Columbia--(Newsfile Corp. - November 4, 2014) - New Zealand Energy Corp. (TSXV: NZ) (OTCQX: NZERF) ("NZEC" or the "Company") today provided an update on production and development activities on the Company's properties in the Taranaki Basin of New Zealand's North Island. Total corporate production during October 2014 averaged 214 barrels of oil per day ("bbl/d") net to NZEC, slightly ahead of the September average of 205 bbl/d and in line with the average of 215 bbl/d for...
2014-11-04 7:15 AM EST
New Zealand Energy Receives Approval for Warrant Extension
Vancouver, British Columbia--(Newsfile Corp. - October 10, 2014) - New Zealand Energy Corp. (TSXV: NZ) (OTCQX: NZERF) (the "Company") is pleased to announce that the TSX Venture Exchange has approved the extension of the expiry date of 24,452,173 share purchase warrants. The warrants were issued pursuant to a non-brokered private placement financing in November 2013. The expiry date of the warrants has now been extended from October 28, 2014 to 5:00 pm Vancouver time on October 28, 2015. The...
2014-10-10 7:15 AM EDT
New Zealand Energy Production and Operational Update
Vancouver, British Columbia--(Newsfile Corp. - October 2, 2014) - New Zealand Energy Corp. (TSXV: NZ) (OTCQX: NZERF) ("NZEC" or the "Company") today provided an update on production and development activities on the Company’s properties in the Taranaki Basin of New Zealand’s North Island. Total corporate production during September 2014 averaged 205 barrels of oil per day ("bbl/d") net to NZEC, unchanged from the August average of 205 bbl/d and in line with the average of 214 bbl/d for the...
2014-10-02 7:15 AM EDT
New Zealand Energy to Extend Expiry Date of Warrants
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2014) - New Zealand Energy Corp. (TSXV: NZ) (OTCQX: NZERF) ("NZEC" or the "Company") today announced that it proposes to extend the expiry date of 24,452,173 share purchase warrants that were issued pursuant to a non-brokered private placement financing in November 2013. Each warrant is currently exercisable to purchase one common share of the Company at an exercise price of $0.45 per share until October 28, 2014. The Company...
2014-09-30 7:15 AM EDT
New Zealand Energy Secures NZ$5 Million Loan to Advance its Taranaki Assets
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2014) - New Zealand Energy Corp. (TSXV: NZ) (OTCQX: NZERF) ("NZEC" or the "Company") is pleased to announce that the Company has executed a Working Capital Facility Agreement (the "Facility") with New Dawn Energy Limited ("New Dawn") for up to NZ$5 million. New Dawn is the parent company of L&M Energy Limited, NZEC’s 50% partner in the Tariki, Waihapa and Ngaere Licenses (the "TWN Licenses") and the Waihapa Production Station...
2014-09-24 7:15 AM EDT
New Zealand Energy Announces Second Quarter Results and Operational Update
Vancouver, British Columbia--(Newsfile Corp. - September 2, 2014) - New Zealand Energy Corp. (TSXV: NZ) (OTCQX: NZERF) ("NZEC" or the "Company") has released the results of its second quarter ended June 30, 2014. Details of the Company's financial results are described in the Unaudited Consolidated Interim Financial Statements and Management's Discussion and Analysis which, together with further details on the Company's operational activities, are available on the Company's website at...
2014-09-02 7:15 AM EDT