New Zealand Energy Corp.

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 [...]

New Zealand Energy Corp. is pleased to announce that Auctus Advisors LLP , the Company's UK capital markets advisor, has initiated equity research coverage of the Company. A copy of the report is available from Auctus' website at www.auctusadvisors.co.uk. The report assesses the potential of the upcoming Tariki-5 well and the Company's gas storage project and the potential impact they could have on the share price. For [...]

New Zealand Energy Corp. announced today it has filed with Canadian regulatory authorities its Q1 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 first quarter 2024 results, Chairman James Willis said: "The results saw a total [...]

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 [...]