New Zealand Energy Corp. Files Annual Financial Statements and Announces Cease Trade Order
Rhea-AI Summary
New Zealand Energy (OTC:NZERF) filed its audited annual consolidated financial statements and related disclosures for the year ended December 31, 2025 on SEDAR+ on June 30, 2026.
The British Columbia Securities Commission issued a cease trade order that day due to the prior filing delay. The company plans to file its Q1 2026 disclosures within five business days and intends to seek revocation of the order.
Positive
- Annual 2025 audited financial statements and related MD&A successfully filed on June 30, 2026
- Required 2025 oil and gas reserves and related disclosure forms filed concurrently
- Company targets completion of Q1 2026 filings within five business days
Negative
- BC Securities Commission issued cease trade order on June 30, 2026
- Cease trade order arose from delay in filing 2025 annual disclosure documents
News Market Reaction – NZERF
In the Jul 21 session, NZERF declined 29.26%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - July 3, 2026) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") reports that further to the Company's news releases regarding the issuance of a management cease trade order by the British Columbia Securities Commission in connection with the delay in filing its annual disclosure documents (collectively, the "Annual Filings") for the year ended December 31, 2025 (the "News Releases"), the Company is pleased to announce that it has filed the Annual Filings.
The Annual Filings, consisting of the Company's audited annual consolidated financial statements for the year ended December 31, 2025, together with the related management's discussion and analysis and the CEO and CFO certifications required under National Instrument 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings, were filed under the Company's profile on SEDAR+ on June 30, 2026. Concurrently with the Annual Filings, the Company also filed its annual oil and gas disclosure for the year ended December 31, 2025 required under National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities, comprising its Statement of Reserves Data and Other Oil and Gas Information (Form 51-101F1), the Report on Reserves Data by the Independent Qualified Reserves Evaluator (Form 51-101F2), and the Report of Management and Directors on Oil and Gas Disclosure (Form 51-101F3).
On June 30, 2026, the British Columbia Securities Commission (the "BCSC") issued a cease trade order under the securities legislation of British Columbia as a result of the delay of the filing of the Annual Filings. The Company expects to file its first quarter financial statements, the related management's discussion and analysis, and the related CEO and CFO certifications (collectively, the "First Quarter Filings") within five business days of the date hereof. The Company intends to seek revocation of the cease trade order, and if required, make an application to the BCSC for such revocation. The Company has provided bi-weekly default status updates in accordance with National Policy 12-203 - Management Cease Trade Orders ("NP 12-203") and, as a result of the filing of the Annual Filings, does not expect to provide further bi-weekly updates under NP 12-203.
About New Zealand Energy Corp.
NZEC is a publicly listed energy company focused on the development of oil, gas, and gas-storage opportunities in New Zealand. The Company holds interests in multiple heritage assets and development-stage projects, including the Tariki Gas Storage Project in Taranaki. With a
For further information:
Toby Pierce, Chief Executive Officer
Email: info@newzealandenergy.com
Website: www.newzealandenergy.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this release, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this release include, but are not limited to, statements regarding the anticipated timing for filing of the Company's First Quarter Filings and the revocation of the cease trade order.
Forward-looking statements are based on management's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Accordingly, readers should not place undue reliance on forward-looking statements. NZEC does not undertake any obligation to update forward-looking statements, except as required by applicable securities laws.
This release is for information purposes only and does not constitute an offer or solicitation to buy or sell any securities. Technical and operational information is preliminary, subject to change, and may depend on future study results, commercial negotiations, and regulatory approvals.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303970