New Zealand Energy Corp.

New Zealand Energy Corp. 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 of Multilateral Instrument 61-101 as the exemption from ‎the formal valuation requirements of MI 61-101 in [...]

Monumental Energy Corp. is pleased to announce that it has increased its strategic investment in New Zealand Energy Corp. . Pursuant to NZ's $5,000,000 non-brokered private placement completed on May 9, 2024 , Monumental acquired an additional 293,333 common shares of NZ at a price of $0.75 per share for a total subscription price of $220,000. Together with Monumental's initial investment in December 2023, the Company [...]

New Zealand Energy Corp. 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 ‎ of common shares of the Company . NZEC issued 6,666,667 Common Shares at a price of C$0.75 per Common Share for gross proceeds of ‎‎$5,000,000. ‎All securities issued in ‎connection with [...]

New Zealand Energy Corp. 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 the Company adopt a formal [...]

New Zealand Energy Corp. 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 results saw a loss of [...]

New Zealand Energy Corp. 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 of common shares of the Company from $4,500,000 to $5,000,000, subject to approval of the TSX Venture Exchange ‎. Charlestown Energy Partners, LLC and certain designees, intend to subscribe for 2,000,000 Common Shares pursuant to the [...]

New Zealand Energy Corp. 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, 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. This well is planned to be [...]

New Zealand Energy Corp. announced today that it intends to complete a non-brokered private placement offering of up to 6,000,000 common shares of the Company 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 development drilling and well interventions, for which capital is required. The net [...]

Monumental Energy is pleased to provide an operational update from New Zealand Energy highlighting developments pertinent to Monumental's investment made into NZEC on Dec 12, 2023. Monumental currently owns and controls 1,000,000 common shares, constituting a 12.92% equity ownership stake in NZEC, acquired at a cost base of $0.38 cents per share. As reported by NZEC on February 15, 20241: Tariki-5 New Development Well [...]

New Zealand Energy Corp. 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 in an undrained up-dip [...]