New Zealand Energy Corp. is pleased to provide the following update. Further to our December 30th announcement, we are pleased to confirm that the recently completed Tariki-5A well intersected the target Tariki sands 11m higher than prior wells and has confirmed the presence of significant remaining free gas and condensate in place up-dip in the field. These results and the high quality of the 55m net sand intersected has [...]
New Zealand Energy Corp. is pleased to provide the preliminary results of the Tariki-5A gas development well. Management of NZEC are delighted to report that the Tariki-5A well has successfully been perforated and the production route to market commissioned. Gas sales commenced late on December 30th, 2024. Tariki-5A has been perforated over the top 8m of the 20m of gas bearing sand intersected and was opened to flow on [...]
New Zealand Energy Corp. is pleased to announce that, further to its 29 October 2024 news release, it has received final approval of the TSX Venture Exchange regarding the non-arm's length farmout agreement entered into between the Company's wholly-owned subsidiary and a wholly-owned subsidiary of Monumental Energy Corp. . In addition, the applicable consent of the Minister in New Zealand in accordance with the New [...]
New Zealand Energy Corp. announced today the results of its Annual General and Special Meeting of shareholders held in Auckland, New Zealand on Thursday 12 December 2024 . A total of 4,157,052 common shares representing just over 25.81% of the total issued and outstanding common shares were voted at the Meeting. Each of the current Directors, Frank Jacobs, Michael Adams, Robert Bose and Bill Treuren were re-elected as [...]
New Zealand Energy Corp. is pleased to provide the preliminary results of the Tariki-5A gas development well. Management of NZEC are delighted to report that the Tariki-5A well intersected the target Tariki sands on November 29, 2024. The sands are interpreted by management of the Company to be gas bearing from shows, cutting samples and from preliminary evaluation of the wireline logging carried out over the weekend [...]
New Zealand Energy Corp. is pleased to announce the filing on SEDAR+ of its unaudited financial statements and accompanying management discussion and analysis for the three and nine months ended September 30, 2024. The documents are available on the Company's website at www.newzealandenergy.com and on SEDAR+ at www.sedarplus.ca. Commenting on the Company's third quarter 2024 results, CEO Michael Adams said, "The results [...]
New Zealand Energy Corp. announced that, further to its October 31, 2024 and November 7, 2024 news releases, it has completed the closing of the previously announced non-brokered private placement offering of common shares of the Company , subject to final approval of the TSX Venture Exchange. NZEC issued 4,444,444 Common Shares at a price of C$0.45 per Common Share for gross proceeds of $2,000,000 [...]
New Zealand Energy Corp. is pleased to announce that that the Tariki-5 well drilling operations suspended in late October 2024 will resume on Monday, November 18, 2024. The new wellbore will be designated Tariki-5A and has a target location based predominantly upon additional control points gained from drilling the primary Tariki-5 well. The well data and the planned location have been extensively reviewed and is endorsed [...]
New Zealand Energy Corp. announced today that, further to its 31 October 2024 news release, it has increased the size of the previously announced private placement of common shares and has amended the offering price, subject to approval of the TSX Venture Exchange. The private placement offering will now consist of up to 4,444,445 common shares at a price of C$0.45 per common share for gross proceeds of up to C$2,000,000 [...]
New Zealand Energy Corp. is pleased to announce that it intends to complete a non-brokered private placement of common shares of the Company at a price of C$0.50 per Common Share for aggregate gross proceeds of up to C$1,500,000 . The net proceeds from the Offering will be used to fund the sidetrack of the Tariki-5 well and to advance the Company's plans regarding the Tariki gas production/storage field and for general [...]
New Zealand Energy Corp. is pleased to announce that it's wholly-owned subsidiary has entered into a farmout agreement with a wholly-owned subsidiary of Monumental Energy Corp. . Pursuant to the Agreement, Monumental is entitled to participate in the repair and workover of two wells, Copper Moki 1 & 2 in order to restart production. The wells are located in a permitted block in the Taranaki Basin, New Zealand in which [...]
New Zealand Energy Corp. is pleased to announce that the board of directors has appointed Mike Adams as the Chief Executive Officer of the Corporation and Frank Jacobs as the Chairman of the Board of the Corporation. The Company is also pleased to announce the appointment of Bill Treuren as a director of the Corporation. The Company also announced that James Willis has resigned as a director and officer of the Company [...]
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