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 [...]
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 [...]
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