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 [...]
New Zealand Energy Corp. has conducted further analyses of the drilling results to date. The Company has received a number of inquiries about the well results and the way forward to successfully complete the Tariki-5 gas development well. The Tariki Joint Venture, comprised of the Company's wholly owned subsidiary, NZEC Tariki Limited and L&M Energy Limited , reports that the bottomhole track of the Tariki-5 well, drilled [...]
New Zealand Energy Corp. provides the following operational update regarding the drilling of the Tariki-5 gas development well. The Tariki Joint Venture, comprised of the Company's wholly owned subsidiary, NZEC Tariki Limited and L&M Energy Limited , reports that the Tariki-5 well has been drilled to a total depth of 2,637m. The well has failed to encounter the targeted Tariki Sandstone reservoir and geological results [...]
New Zealand Energy Corp. is pleased to announce that, further to its 7 October 2024 news release, it has completed the closing of its previously announced non-brokered private placement of common shares of the Company . NZEC issued 1,115,617 Common Shares at a price of C$0.85 per Common Share for gross proceeds of C$948,275. The net proceeds from the Offering will be used to advance the Company's plans regarding the [...]
New Zealand Energy Corp. 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 and L&M Energy Limited , reports that the Tariki-5 well is preparing to commence drilling ahead from a depth of 873.5 m after having successfully set and cemented 9 5/8 [...]
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$0.85 per Common Share for aggregate gross proceeds of a minimum of C$850,000 and up to a maximum of C$948,275 . It is anticipated that the net proceeds from the Offering will be used to advance the Company's plans regarding the Tariki field, general and administrative [...]
TARIKI-5 Monumental Energy Corp. is pleased to announce that New Zealand Energy Corp. has commenced drilling on its highly anticipated Tariki-5 conventional gas well in the Taranaki region located on the north island of New Zealand. The Tariki Joint Venture, comprised of NZEC's wholly owned subsidiary, NZEC Tariki Limited and L&M Energy Limited , reports that operations for the Tariki-5 well commenced at 6:30am on [...]
New Zealand Energy Corp. 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 and L&M Energy Limited , reports that operations for the Tariki-5 well commenced drilling at 6.30 on 30 September 2024. The well is planned to take 27 days to reach the target total depth of 2846 m AHRT . The key [...]
New Zealand Energy Corp. 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 , comprised of the Company's wholly owned subsidiary, NZEC Tariki Limited and L&M Energy Limited , has executed a gas handling and processing agreement with Cheal Petroleum Limited for the export of [...]
New Zealand Energy Corp. 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, "The results saw a total [...]
New Zealand Energy Corp. 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 and L&M Energy Limited , 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 well now being drilled for another party. The current [...]
New Zealand Energy Corp. is pleased to announce that the Tariki Joint Venture, comprised of the Company's wholly owned subsidiary, NZEC Tariki Limited and L&M Energy Limited , entered into a gas sales agreement on 26 July 2024 with an arms-length third party offtaker . Under the gas sales agreement: The Tariki Joint Venture has agreed to sell to the Offtaker 2 petajoules of gas, approximately 1.8bcf to be produced from [...]
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