Welcome to our dedicated page for New Zealand Energy news (Ticker: NZERF), a resource for investors and traders seeking the latest updates and insights on New Zealand Energy stock.
New Zealand Energy Corp. announces operational and corporate developments tied to oil, gas and gas-storage opportunities in New Zealand. Recurring updates cover onshore Taranaki Basin activity, including Tariki, Ngaere and Waihapa wells, workovers, production testing, tie-ins to the Waihapa production station and advancement of the Tariki Gas Storage Project. Company news also includes capital raises, stock option grants, disclosure-timing matters and joint activity with co-venturers on petroleum mining licences.
New Zealand Energy Corp (OTC: NZERF) announced that the Waihapa H1 well in onshore Taranaki has resumed production after a workover, with NZEC holding a 50% interest in licences PML 38140 and PML 38141. Initial stabilized oil and gas flow was reported at ~553 barrels per day over a 24‑hour period following six days of production and cleanup.
The well targets Mount Messenger formation pay previously perforated at Ngaere‑1; oil is being sent to the nearby Waihapa facility about 100 metres away for processing and sale, and associated gas is sold into the local market.
New Zealand Energy Corp (NZERF) reported initial production and project updates from its 50% interest in PML 38140/38141 and Tariki Gas Storage Project in Taranaki.
Ngaere-1 flowed ~580 barrels in first six hours and ~3,000 barrels to date, stabilizing near 120 barrels per day. Workover costs were recovered within weeks. Partners plan similar perforations at Waihapa H1 and Ngaere-2 with flow results expected in 2–3 weeks. Tariki project advanced through engineering and pre-FEED, with Tariki-5A flowback due in coming weeks and stronger LNG import policy supporting the project case.
New Zealand Energy Corp. (OTC: NZERF) granted stock options to certain directors, officers and employees to purchase up to 3,250,000 common shares. The Options are exercisable at C$0.45 per share, vest immediately and expire five years from grant.
The grant is described as aligning management and staff interests with shareholders and providing long-term incentives tied to company performance.
New Zealand Energy Corp (OTC: NZERF) closed a non-brokered private placement of 17,500,000 common shares at C$0.20 per share for aggregate gross proceeds of C$3.5 million on February 9, 2026.
The proceeds will fund advancement of the company’s gas storage business and general corporate purposes. Advisory fees of C$29,250 were paid. Two insiders subscribed for 2,600,000 shares (C$535,000); the related-party participation fell below MI 61-101 thresholds, so no formal valuation or minority approval was required.
New Zealand Energy Corp. (NZERF) announced a proposed private placement of up to 17,500,000 common shares at C$0.20 per share to raise up to C$3.5 million on a non-brokered basis. The company said net proceeds will be used to advance its gas storage business and for general corporate purposes. The Offering is subject to regulatory approvals, including conditional TSX Venture Exchange approval, and is expected to close on or about February 5, 2026. The shares will not be registered in the United States and U.S. persons cannot participate absent an exemption.
New Zealand Energy Corp (OTC: NZERF) announced the immediate appointments of Toby Pierce as Chief Executive Officer and Robert Bose as Executive Chairman, effective January 14, 2026.
Mr. Pierce brings close to 30 years of energy and natural resources leadership with an MBA from Rotman and a BSc in Earth Sciences. Mr. Bose has over 25 years of corporate and public markets experience and leads Charlestown Energy Partners. Both predecessors, Mike Adams and Frank Jacobs, voluntarily stepped down and will continue to serve as directors.
New Zealand Energy Corp (NZERF) entered a definitive funding agreement with Monumental Energy effective January 12, 2026, to fund workover projects on NZEC's 50% interest in PML 38140 and PML 38141 in onshore Taranaki.
Under the agreement Monumental will fund NZEC's share of projects in exchange for a project-level royalty: 75% of net receipts quarterly until Monumental recovers its costs, then a continuing 25% of net receipts. The Ngaere 1 project, adding a new producing zone, is expected to commence in Q1 2026, subject to TSX Venture Exchange approval, New Zealand ministerial consent, and availability of equipment and personnel. The transaction requires TSX-V approval because it involves a non-arm's-length party (a director common to both companies).
New Zealand Energy Corp (OTC: NZERF) appointed Justin Post as Chief Operating Officer and Project Director for the Tariki Gas Storage Project, effective January 8, 2026. Mr. Post brings nearly 30 years of experience across gas storage, upstream oil and gas, compression, power generation, renewables, and large capital delivery, and most recently served as General Manager, Production Operations at Todd Energy.
The appointment is intended to strengthen execution capability as the Tariki project advances from development toward commercial operations. Current workstreams emphasize final modelling, facilities planning, refined cost estimates, execution planning, and upcoming decision gates focused on concept selection, schedule, cost, and delivery risk.
New Zealand Energy Corp. (OTC: NZERF) reported shareholder voting results from its annual general and special meeting held on December 30, 2025 in Vancouver.
Key outcomes: shareholders fixed the board size at five directors and elected all five nominees from the management information circular dated December 4, 2025; Crowe MacKay LLP was appointed as auditor for the upcoming year with directors authorized to fix remuneration; and shareholders approved a rolling incentive stock option plan allowing issuance of up to 10% of issued and outstanding common shares from time to time.
New Zealand Energy Corp (OTC:NZERF) and joint venture partner L&M Energy have executed a non-binding MoU with Genesis Energy to collaborate exclusively on technical studies, commercial negotiations, and milestones for the Tariki Gas Storage Project.
Key near-term items: dynamic subsurface modelling is on schedule for delivery in December 2025, facility concept studies are underway, NZEC is recruiting gas-storage personnel, and operations at Tariki-5A are anticipated to recommence in Q1 2026 based on current lead times.
The MoU aims to progress to a gas storage services agreement, support a final investment decision, and advance the project toward commercial operations.