New Zealand Energy Corp Stock Price, News & Analysis

New Zealand Energy Corp. (TSXV: NZ) has announced updates regarding its previously disclosed non-brokered private placement and debt settlements. The company is proceeding with a private placement offering of common shares at C$0.18 per share to raise up to C$3,000,000.

As part of the transaction, Charlestown Energy Partners, LLC will convert its C$300,000 short-term loan into 1,666,667 common shares. Additionally, NZEC plans to issue 1,000,000 common shares to Vliet Financing B.V. at C$0.18 per share to terminate an outstanding loan. Both transactions are subject to TSX Venture Exchange approval and qualify as related party transactions.

New Zealand Energy Corp. (TSXV: NZ) has announced a non-brokered private placement offering of common shares at C$0.18 per share to raise up to C$3,000,000. The proceeds will fund the Tariki gas storage project and terminate an outstanding loan from Vliet Financing B.V., a company controlled by NZEC's Chairman Frank Jacobs.

Additionally, the company appointed Toby Pierce as a new director. Pierce brings significant experience as the former CEO of TAG Oil Ltd. and current CEO of Somerset Energy Partners, with over 28 years of geological and financial expertise in the resource sector.

The first tranche of the offering is expected to close around July 11, 2025, subject to regulatory approvals. Several significant shareholders have indicated their participation in the offering.

New Zealand Energy Corp. (TSXV: NZ, OTCQB: NZERF) has reported progress on two key projects: the Copper Moki workovers and Tariki Gas Storage development. The Copper Moki-2 well was successfully recompleted on June 20, 2025, achieving production rates of 48 to 60 barrels of oil per day during testing. Workover operations on Copper Moki-1 began on June 26, 2025, with completion expected by July 6, 2025.

For the Tariki Gas Storage Project, the company is conducting structural remapping using Prestack Depth Migrated (PSDM) dataset and has completed dynamic reservoir modeling. The modeling suggests that gas-lift operations for up to three weeks should be sufficient to restart gas production from the Tariki-5A well. The company plans to begin well and facility engineering activities in Q3 2025, with gas storage capacity studies and facility development concept studies scheduled for completion in August 2025.

[ "Copper Moki-2 well successfully restored to production with 48-60 barrels of oil per day", "Gas-lift modeling confirms potential to re-establish gas production at Tariki-5A well", "Gas storage development studies progressing on schedule for August 2025 completion" ]

New Zealand Energy Corp. (TSXV: NZ) announces the revocation of its cease trade order effective June 4, 2025, with trading expected to resume on June 27, 2025. The company secured short-term loans totaling C$482,000 from related parties Charlestown Energy Partners and Vliet Financing BV at 15% interest, due August 27, 2025.

The company faces a working capital deficiency of C$4,013,465, including a C$2.7M loan that can be terminated for C$500,000 and 1M common shares. If payment isn't made by July 31, 2025, the loan's maturity extends to September 20, 2026. To address the remaining C$1.3M deficiency, NZEC plans a private placement and aims to restore positive cash flow based on Q1 and Q2 2025 production activities.

New Zealand Energy Corp (NZERF) reported Q1 2025 financial results, posting a comprehensive loss of $994,550, compared to a $914,919 loss in Q1 2024. Cash position deteriorated with a $965,615 decrease, ending at $155,930, while cash used in operations increased to $665,681 from $397,608 in the previous year. The company shifted focus to the Tariki Gas Field conversion project following declining gas rates at Tariki-5A well. NZEC is working on restoring Waihapa-Ngaere wells, with four wells back in production and two more expected in Q2, targeting 25-40 bopd (NZEC share). Two Copper Moki workovers planned for June 2025 are expected to add 200 bopd and 0.2 mmscf/d of gas sales. The company is advancing the Tariki Gas Storage development with reservoir studies and facility development concepts, aiming for Final Investment Decision within 12 months.

New Zealand Energy Corp (NZERF) reported its Q4 2024 financial results, revealing a significant increase in annual losses to $8.17 million compared to $2.07 million in 2023. The company's average net daily production decreased to 17 boe/d (98% oil) in 2024 from 27 boe/d in 2023. Cash position stood at $1.13 million as of December 31, 2024. The company faced operational challenges, including production issues at the Tariki-5A gas well and pump failures at Copper Moki-1 and -2 wells. However, NZEC has outlined recovery plans, including workover operations at Copper Moki wells expected to add 200 bopd by Q2 2025, and interventions at Waihapa-Ngaere field projected to increase production by 25-40 bopd. The company is also progressing with its Tariki Gas Storage project toward Final Investment Decision.

New Zealand Energy Corp (NZEC) has reached an agreement with Vliet Financing B.V. to settle its outstanding CAD$2,000,000 loan plus CAD$753,997 in accrued interest. Under the agreement dated May 8, 2025, NZEC will pay CAD$500,000 and issue 1,000,000 common shares to Vliet to terminate the loan. If NZEC fails to make payments by July 31, 2025, Vliet will extend the loan maturity to September 20, 2026. The loan has been amended to be non-convertible. The agreement requires approval from the TSX Venture Exchange and partial/full revocation of a cease trade order issued by the British Columbia Securities Commission. As Vliet is controlled by NZEC's Chairman Frank Jacobs, the transaction qualifies as a related party transaction but meets exemption requirements.

New Zealand Energy Corp. (NZERF) has received a cease trade order from the British Columbia Securities Commission (BCSC) effective May 6, 2025. The order was issued due to the company's failure to file its required annual financial documents for the year ended December 31, 2024. As a consequence, the Canadian Investment Regulatory Organization has halted trading of the company's common shares on May 7, 2025. The company expects to complete the required filings, including audited annual financial statements, management's discussion and analysis, and annual certifications, by May 16, 2025.

New Zealand Energy Corp. (NZEC) has provided updates on its Tariki Development and other projects. The recently completed Tariki-5A well has confirmed significant remaining free gas and condensate, intersecting target sands 11m higher than prior wells. While peak flow rates exceeded 4mmscf/d, stable rates are approximately 1 mmscf/d with 25-30 bbls/d of condensate.

The company is advancing its gas storage project, with Stage 1 targeting injection rates of 10-15 mmscf/d and extraction at ~30 mmscf/d. The Tariki field could potentially store between 25-40 Bscf of gas, with Stage 1 injection planned for Q4 2025.

Additionally, NZEC is working to restore oil production from Waihapa wells and planning Copper Moki workover projects, expected to add over 100 stb/oil daily, with potential flush production exceeding 300 stb/d for 1-2 months in Q2 2025.