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. (NZERF over-the-counter, NZ on the TSX Venture Exchange) is an onshore producing oil and gas company focused on the development of oil, gas, and gas-storage opportunities in New Zealand. Its news flow centers on operational updates in the Taranaki basin, corporate developments, and progress on the Tariki Gas Storage Project, which the company describes as one of its most strategically significant infrastructure developments.
Readers of this news page can review company-issued announcements on production and workover activity at Copper Moki and Waihapa-Ngaere, including recompletions, recommencement of production, and joint venture operations in which New Zealand Energy Corp. reports holding a 50% interest. The company also provides updates on the Tariki Gas Storage Project, covering subsurface modelling, facility concept studies, and collaboration with Genesis Energy Limited under a non-binding memorandum of understanding.
In addition to operational news, New Zealand Energy Corp. regularly discloses capital markets and governance events. These include non-brokered private placements of common shares, shares-for-debt settlements, termination of outstanding loans, and the intended use of proceeds for Tariki gas storage work and general working capital, all subject to TSX Venture Exchange approval. The company also reports on annual general and special meeting results, director elections, auditor appointments, and changes in senior management such as the appointment of a Chief Operating Officer, Chief Financial Officer, Corporate Secretary and General Counsel, Chief Executive Officer, and Executive Chairman.
Investors and observers can use this page to follow how New Zealand Energy Corp. describes the evolution of its New Zealand oil, gas, and gas-storage activities, as well as its financing transactions and board and management changes, through its own news releases and public statements.
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) 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.
New Zealand Energy Corp. (TSXV: NZ) has announced successful production startup at its Tariki-5A gas development well. The well began gas sales on December 30th, 2024, after being perforated over 8m of a 20m gas-bearing sand section. Initial flow rates ranged from 2 to 5.5 mmscf/d, by wellsite equipment. Preliminary estimates suggest the well could deliver up to 12 mmscf/d of gas and associated condensate to market, though this requires further testing confirmation.
The gas is being processed through a 35km pipeline to Waihapa Production Station and then to Cheal production station for dehydration. This marks the completion of the company's highest priority 2024 project and represents the first stage in developing Tariki field into New Zealand's second gas storage field.
New Zealand Energy Corp. (TSXV: NZ) has received final TSX Venture Exchange approval for its farmout agreement with Monumental Energy Corp. The agreement allows Monumental to participate in repairing and restarting production at two wells, Copper Moki 1 & 2, located in the Taranaki Basin, New Zealand. Monumental will invest approximately NZ$800,000 in exchange for 75% of oil and gas revenue (net of production costs) until investment recovery, followed by a 25% net revenue interest. The project has also received consent from the New Zealand Minister under the Crown Minerals Act 1991. Workovers are expected to begin in early 2025.
New Zealand Energy Corp. (TSXV: NZ) held its Annual General and Special Meeting of shareholders in Auckland on December 12, 2024. The meeting saw participation from shareholders representing 25.81% of total issued shares, with 4,157,052 common shares voted. All proposed matters were approved, including the re-election of Directors Frank Jacobs, Michael Adams, Robert Bose, and Bill Treuren. Shareholders also approved the reappointment of Ernst & Young as auditors and the company's amended stock option plan.
FAQ
What is the current stock price of New Zealand Energy (NZERF)?
What is the market cap of New Zealand Energy (NZERF)?
