New Zealand Energy Corp (NZ)

New Zealand Energy Corp. Provides Corporate UpdateMay 29, 2026 6:00 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 29, 2026) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") reports that further to the Company's news releases dated May 1 and 14, 2026 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 "MCTO News Release"), the Company confirms that work on the required documents is continuing and progressing.The Company continues to work closely with its independent reserves evaluator and external auditors to complete the reserves evaluation process and finalize the audited annual consolidated financial statements as expeditiously as possible. The Company currently expects to complete the required filings before June 14, 2026, which is later than the Company disclosed in its prior press releases. The updated timing is as a result of matters relating to the completion of the Company's asset impairment analysis, including the valuation work required to support the carrying value of the Tariki gas storage business, and the related audit procedures required in connection with management's impairment assessments and the finalization of the Company's audited annual consolidated financial statements. Additionally, as a result of the delay, the Company will not be filing its first quarter financial statements, the related management's discussion and analysis, and CEO and CFO certificates required by National Instrument 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings (the "First Quarter Filings"). The Company will file the First Quarter Filings within 5 business days of filing its Annual Filings. The Company is providing this bi-weekly update in accordance with National Policy 12-203 - Management Cease Trade Orders ("NP 12-203") and will continue to provide such bi-weekly updates until such time that it remains in default for failure to file the Annual Filings.The Company confirms that as of the date herein, other than as set forth herein: (a) there has been no material change to the information set out in the MCTO News Release that has not been generally disclosed; (b) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (c) there has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the MCTO News Release; and (d) there is no other material information concerning the affairs of the Company that has not been generally disclosed.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 50% ownership stake in the Waihapa production station, the Company can quickly tie in any near-term production and sell directly to market. For more information, please visit www.newzealandenergy.com. 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 StatementsThis 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 Annual Filings and First Quarter Filings.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/299337 Original: New Zealand Energy Corp. Provides Corporate Update

New Zealand Energy Corp. Announces Strong Initial Production Test Results from Two Tariki WellsMay 4, 2026 8:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 4, 2026) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to announce strong initial production results from both its Tariki 1A well and its Tariki 5A well, located in the onshore Taranaki Basin, New Zealand. The Tariki 1A well delivered a stabilized flow rate of approximately 3 mmcf/d over a 96-hour period and continues to flow natural gas. The Tariki 5A well delivered a stabilized flow rate of approximately 1.5 mmcf/d over a 48-hour period and was shut in to focus on the Tariki 1A operations. The Tariki site is situated approximately 14 kilometres from the Waihapa production station (the "WPS"), supporting efficient tie-in and ongoing field development. These wells form part of NZEC's 50%-owned Petroleum Mining Licences PML 38138. The Company's activities at Tariki are conducted in conjunction with its co-venturer L&M Energy Ltd. The Tariki 1A well started flowing at approximately 200 mcf/d with more than 2,000 barrels per day of water. The top hole pressure continues to increase as does the flow rate of gas. As the well unloads significant quantities of water there is potential for the flow rates to exceed the stabilized test rates. Operations are underway to tie the gas production into the WPS and begin selling gas into the spot market. Spot natural gas prices have averaged approximately NZ$14/mcf over the last week in the New Zealand market.The Tariki 5A well flowed at between 1.5 and 2.0 mmcf/d near-continuously over a 5-day testing period. Top hole pressures remained stable and 800 barrels per day of water was produced. There was a moderate amount of sand that was also produced. The NZEC operations team is working on a solution to remove sand on the surface in order to tie in the Tariki 5A well for gas sales as well. NZEC continues to focus on optimizing production through debottlenecking work at the WPS and is planning several low-cost workover and recompletion opportunities. The Company has identified several behind-pipe and bypassed pay intervals in existing wells that present near-term production upside.The ongoing workover program continues to demonstrate a scalable pathway to increasing production while leveraging existing infrastructure and maintaining disciplined capital deployment.Toby Pierce, Chief Executive Officer of NZEC, commented, "We are pleased that we have re-established commercial natural gas production from the Tariki field. This will allow us to capture significant data for advancing our Tariki Gas Storage project and, more importantly, provide natural gas into a tight market for the benefit of New Zealand. We continue to methodically advance the gas storage project and remain in active commercial discussions to both fund and build the project in due course."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 50% ownership stake in the Waihapa production station, the Company can quickly tie in any near-term production and sell directly to market. For more information, please visit www.newzealandenergy.com. 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 StatementsThis release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements in this release include, but are not limited to, statements regarding: the continued production from the Tariki 1A and Tariki 5A wells; the timing and success of tying in the wells to the Waihapa production station; the commencement and extent of gas sales; expected natural gas prices; the ability to optimize production through debottlenecking, workover and recompletion activities; the identification and development of behind-pipe and bypassed pay intervals; and the advancement, funding and development of the Tariki Gas Storage Project.Forward-looking statements are based on management's current expectations and assumptions, including assumptions regarding operating conditions, commodity prices, regulatory approvals, and the availability of capital. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied, including risks related to exploration and production activities, reservoir performance, operational issues, regulatory approvals, commodity price fluctuations, and general economic and market conditions. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update forward-looking statements except as required by applicable securities laws.Certain information in this release constitutes oil and gas information under National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. Any references to production rates, including initial or stabilized flow rates, are preliminary in nature and are not necessarily indicative of long-term well performance, reservoir characteristics, or ultimate recovery. Such rates may also include temporary flowback fluids and may be affected by equipment limitations or operational conditions. Actual production rates may vary over time as reservoir performance is evaluated and production optimization activities are undertaken.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295732
Original: New Zealand Energy Corp. Announces Strong Initial Production Test Results from Two Tariki Wells

New Zealand Energy Corp. Announces Delay in The Filing of Its Annual DisclosureMay 1, 2026 6:00 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 1, 2026) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") announced today that there will be a delay in the filing of certain required annual disclosure documents beyond the April 30, 2026 filing deadline.The delayed filings include the Company's audited annual consolidated financial statements for the year ended December 31, 2025, its related management's discussion and analysis and CEO and CFO certificates required by National Instrument 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings along with NZEC's Forms 51-101F1, F2 and F3 as required by Part 2 of National Instrument 51-101- Standards of Disclosure for Oil and Gas Activities (collectively, the "Required Documents").The Company's filing delay has arisen due to timing considerations in the completion of the Company's year-end reporting process, including the impact of recent changes in the Company's senior management and external auditor. These transition matters have contributed to delays in completing the Company's independent oil and gas reserves evaluation, which is required to finalize both the Company's annual reserves disclosure and its audited annual consolidated financial statements for the year ended December 31, 2025.The Company is working diligently with its independent reserves evaluator and external auditors to finalize the reserves evaluation and complete the audit of the annual consolidated financial statements as expeditiously as possible. Based on this ongoing work, the Company currently expects to file the Required Documents before June 1, 2026.In connection with the anticipated filing delay, NZEC applied to the British Columbia Securities Commission (the "BCSC"), as its principal regulator, for a management cease trade order under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"). The BCSC approved the application and issued the management cease trade order on May 1, 2026. Under the terms of the BCSC approval, the Company is required to file the Required Documents no later than June 29, 2026. If the Company's audited annual consolidated financial statements for the year ended December 31, 2025 are filed after June 1, 2026, the Company must file its interim financial statements, related disclosures, and certifications within five business days of filing the Required Documents.The management cease trade order will generally not affect the ability of persons who are not or have not been management of NZEC to trade in its securities.In accordance with the alternative information guidelines under NP 12-203, the Company will issue bi-weekly status reports in the form of news releases for so long as it remains in default of its filing requirements. The BCSC may issue a general cease trade order against NZEC for failure to file the Required Documents or ,if applicable, for a failure by NZEC to complete its interim filings, within the prescribed time period or sooner if NZEC fails to file its status reports during the prescribed time limits.NZEC confirms that there is no other material information concerning its affairs that has not been generally disclosed. Other than as disclosed herein, the Company is current with respect to its filing obligations.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 50% ownership stake in the Waihapa production station, the Company can quickly tie in any near-term production and sell directly to market. For more information, please visit www.newzealandenergy.com. 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 StatementsThis news release contains forward-looking information within the meaning of applicable securities laws, which reflects the Company's current expectations regarding future events, including but not limited to: (a) the estimated filing date of the Required Documents; (b) the Company's ability to complete the necessary reserves and resources analysis; and (c) the Company's intention to issue bi-weekly status reports during the default period. The Company is subject to known and unknown risks, uncertainties and other factors, many of which are beyond the Company's control, that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Such risks and uncertainties include, but are not limited to: (a) the risk that the Company's reserves evaluators or auditors will not be able to complete their work in the time or manner required for the preparation of the Required Documents; (b) the risk that the Required Documents are filed later than anticipated or later than required by the BCSC; (c) if applicable, the risk that the interim documents are filed later than anticipated or later than required by the BCSC; (d) the risk that trading in the Company's securities may be halted by the TSX Venture Exchange and/or cease traded by the Canadian securities regulatory authorities until the Company's defaults are remedied to their respective satisfaction; and (e) the factors discussed under the heading "Risk Factors" in the Company's most recently filed management's discussion and analysis.Although the Company believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. The forward-looking information provided herein makes assumptions including, but not limited to: (a) the Company's ability, together with its independent reserves evaluator, to complete the necessary oil and gas reserves evaluation in a timely manner; (b) the availability of the Company's reserves evaluators and external auditors to complete their respective work; (c) the Company's ability to file the Required Documents within the anticipated and required timelines; (d) the Company's ability to file its first quarter documentation within the required timelines; and (e) the Company's ability to comply with its ongoing alternative information disclosure obligations under NP 12-203. All of the Company's assumptions are based solely upon currently available information.Readers are cautioned not to place undue reliance on the forward-looking information, as no assurance can be provided as to future results, levels of activity or achievements. All forward-looking statements are made as of the date of this news release. Except as required by applicable securities laws, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295547
Original: New Zealand Energy Corp. Announces Delay in The Filing of Its Annual Disclosure

New Zealand Energy Corp. Announces Strong Initial Production Results from Ngaere-2 WellMarch 30, 2026 8:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 30, 2026) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to announce strong initial production results from the Ngaere-2 well, located in the onshore Taranaki Basin, New Zealand. The Ngaere-2 well has delivered an initial flush production of approximately 2,500 barrels of oil and is currently exhibiting a stable, unstimulated flow rate of approximately 300 barrels of oil per day.Ngaere-2 is situated within a four-kilometre radius of existing producing wells and in close proximity to the Waihapa production facility, supporting efficient tie-in and ongoing field development. The well forms part of NZEC's 50% interest in PML 38140 and PML 38141 (the "Petroleum Mining Licences"). The Company's activities at the Ngaere-2 well are conducted in conjunction with its co-venturer L&M Energy Ltd. and pursuant to its funding and development arrangement with Monumental Energy Corp. (TSXV: MNRG), which is participating in appraisal and workover activities across the Petroleum Mining Licences. Current production levels are primarily constrained by oil transportation capacity from the Waihapa Production Station to downstream infrastructure. The Company and its partners are actively working to debottleneck existing infrastructure to support increased production volumes. With multiple wells now online in the broader Waihapa and Ngaere area, including Ngaere-2, NZEC continues to focus on optimizing production through low-cost workover and recompletion opportunities. The Company has identified several behind-pipe and bypassed pay intervals in existing wells that present near-term production upside.The ongoing workover program continues to demonstrate a scalable pathway to increasing production while leveraging existing infrastructure and maintaining disciplined capital deployment.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 50% ownership stake in the Waihapa production station, the Company can quickly tie in any near-term production and sell directly to market. For more information, please visit www.newzealandenergy.com. 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 StatementsThis release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding production from the Ngaere-2 well, the optimization of production at the Waihapa and surrounding fields, the ability to increase production through workover and recompletion activities, the availability of transportation and infrastructure capacity, and the evaluation and development of additional opportunities across the Company's licences, including gas storage initiatives.Forward-looking statements are based on management's current expectations and assumptions, including assumptions regarding operating conditions, commodity prices, regulatory approvals, and the availability of capital. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied, including risks related to exploration and production activities, reservoir performance, operational issues, regulatory approvals, commodity price fluctuations, and general economic and market conditions. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update forward-looking statements except as required by applicable securities laws.Certain information in this release constitutes oil and gas information under National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities. Any references to production rates, including initial or stabilized flow rates, are preliminary in nature and are not necessarily indicative of long-term well performance, reservoir characteristics, or ultimate recovery. Such rates may also include temporary flowback fluids and may be affected by equipment limitations or operational conditions. Actual production rates may vary over time as reservoir performance is evaluated and production optimization activities are undertaken.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290373
Original: New Zealand Energy Corp. Announces Strong Initial Production Results from Ngaere-2 Well

New Zealand Energy Corp. Announces Successful Production from Waihapa H1 WellMarch 19, 2026 8:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 19, 2026) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to announce that the Waihapa H1 well, located in onshore Taranaki, New Zealand, has successfully resumed production following recent workover activities conducted with its co-venturer L&M Energy Ltd. and pursuant to an agreement with Monumental Energy Corp. (TSXV: MNRG). NZEC holds a 50% interest in PML 38140 and PML 38141, where the Waihapa H1 well is located.The Waihapa H1 well workover targeted previously identified bypass pay within the same Mount Messenger formation zone that was recently perforated at the Ngaere-1 well, with seven six-meter perforated intervals that all encountered natural, high pressured oil flow during operations. Oil from the well is currently being transported to the nearby Waihapa production facility, located approximately 100 metres from the well site, for processing and sale. Associated natural gas is also being processed and sold into the local market.The Company has encountered initial stabilized oil and gas flow rates of approximately 553 barrels per day over a 24-hour period, following six days of production and well clean-up.The Mount Messenger formation is a proven producing zone in the region and is the primary reservoir in the adjacent Cheal oil field, which has produced approximately 12 million barrels of oil. The Waihapa H1 well is located within sight of the Waihapa production facility, allowing associated gas to be connected directly to the facility for immediate processing and production. Current natural gas prices in New Zealand range from approximately USD$10 to USD$15 per MCF, making it one of the highest gas price environments globally.Toby Pierce, CEO of NZEC, commented, "This successful workover at Waihapa H1 demonstrates the value of optimizing existing infrastructure and previously identified bypass pay zones within our licences. We look forward to completing production testing and evaluating additional opportunities to enhance production across the Waihapa and surrounding fields."NZEC continues to work with its co-venturers to evaluate additional workover and production optimization opportunities across its Taranaki Basin assets.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 50% ownership stake in the Waihapa production station, the Company can quickly tie in any near-term production and sell directly to market. For more information, please visit www.newzealandenergy.com. 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 StatementsThis release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding expected production performance, the stabilization and testing of production from the Waihapa H1 well, potential future workover and production optimization activities, the anticipated timing of flowback operations at the Tariki-5A well, the advancement of the Tariki Gas Storage Project, and the potential role of gas storage infrastructure in supporting New Zealand's energy supply.Forward-looking statements are based on management's current expectations and assumptions, including assumptions regarding operating conditions, commodity prices, regulatory approvals, and the availability of capital. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied, including risks related to exploration and production activities, reservoir performance, operational issues, regulatory approvals, commodity price fluctuations, and general economic and market conditions. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update forward-looking statements except as required by applicable securities laws.Certain information in this release constitutes oil and gas information under National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. Any references to production rates, including initial or stabilized flow rates, are preliminary in nature and are not necessarily indicative of long-term well performance, reservoir characteristics, or ultimate recovery. Such rates may also include temporary flowback fluids and may be affected by equipment limitations or operational conditions. Actual production rates may vary over time as reservoir performance is evaluated and production optimization activities are undertaken.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288951
Original: New Zealand Energy Corp. Announces Successful Production from Waihapa H1 Well

New Zealand Energy Corp. Provides Operational UpdateMarch 9, 2026 8:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 9, 2026) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to provide an operational update regarding recent production activity in the area covered by NZEC's 50% interest in PML 38140 and PML 38141, and ongoing Tariki Gas Storage Project development initiatives, located in onshore Taranaki, New Zealand.Ngaere-1 Initial ProductionNZEC, together with its joint venture partner L&M Energy Ltd. ("L&M") and in partnership with Monumental Energy Corp. (TSXV: MNRG) ("Monumental"), recently completed perforation operations at the Ngaere-1 well targeting the Mount Messenger Formation. The well immediately flowed oil and gas following perforation, producing approximately 580 barrels of oil within the first six hours of operation and approximately 3,000 barrels of oil to date. Production is currently stabilizing at approximately 120 barrels of oil per day without additional stimulation or optimization. Oil sales in New Zealand generally occur at local prices equivalent to Brent crude, which is currently at approximately US$85 per barrel.The encouraging initial results demonstrate the potential of previously bypassed hydrocarbon zones within existing wells and support further workover and optimization activities. Initial production revenues have already recovered the workover costs within the first weeks of operation. Additional Workover OpportunitiesFollowing the strong results at Ngaere-1, the partnership plans to proceed with similar perforation operations at the Waihapa H1 and Ngaere-2 wells. These programs are expected to represent low-cost opportunities to unlock additional production from the Mount Messenger Formation across the permit areas. Activities are due to commence in the next few days with flow results expected in the next 2-3 weeks.Tariki Gas Storage Project and Outlook for 2026Separately, the joint venture between NZEC and L&M continues to advance the Tariki Gas Storage Project in collaboration with Genesis Energy. Significant progress has been made on engineering and pre-FEED due diligence activities, and the project continues to move forward as planned. The joint venture is on track to begin flowback operations at the Tariki-5A well in the coming weeks.In addition, the recent commitment by the Government of New Zealand to support a liquefied natural gas ("LNG") import facility further strengthens the business case for the Tariki Gas Storage Project. NZEC believes the facility will play an important role in stabilizing the country's energy supply and enhancing long-term energy security. The Company's existing pipeline and infrastructure assets also have significant potential strategic value in an LNG import and gas storage build-out scenario, where domestic storage capacity and interconnections are expected to play an important role in balancing gas supply. NZEC looks forward to providing a stable long-term gas storage platform to benefit the people of New Zealand.NZEC remains focused on optimizing production from existing wells with partners L&M and Monumental while advancing strategic gas storage infrastructure initiatives in the Taranaki Basin. The Company believes these initiatives position NZEC to contribute to addressing New Zealand's natural gas supply challenges while generating value for shareholders.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 50% ownership stake in the Waihapa production station, the Company can quickly tie in any near-term production and sell directly to market. For more information, please visit www.newzealandenergy.com. For further information: Toby Pierce, Chief Executive Officer
Email: info@newzealandenergy.com
Website: www.newzealandenergy.comNeither 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 StatementsThis release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding expected production performance, planned workover and perforation activities, the anticipated timing of flowback operations at the Tariki-5A well, the advancement of the Tariki Gas Storage Project, and the potential role of gas storage infrastructure in supporting New Zealand's energy supply. Forward-looking statements are based on management's current expectations and assumptions, including assumptions regarding operating conditions, commodity prices, regulatory approvals, and the availability of capital.Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied, including risks related to exploration and production activities, reservoir performance, operational issues, regulatory approvals, commodity price fluctuations, and general economic and market conditions. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update forward-looking statements except as required by applicable securities laws.Certain information in this release constitutes oil and gas information under National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. Any references to production rates, including initial or stabilized flow rates, are preliminary in nature and are not necessarily indicative of long-term well performance, reservoir characteristics, or ultimate recovery. Such rates may also include temporary flowback fluids and may be affected by equipment limitations or operational conditions. Actual production rates may vary over time as reservoir performance is evaluated and production optimization activities are undertaken.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286674
Original: New Zealand Energy Corp. Provides Operational Update

New Zealand Energy Corp. Closes C$3.5 Million Private PlacementFebruary 9, 2026 5:00 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 9, 2026) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement of 17,500,000 common shares of the Company (the "Common Shares") at a price of C$0.20 per Common Share for aggregate gross proceeds of C$3,500,000 on a non-brokered basis (the "Offering").The Offering was completed pursuant to Part 5A of National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers that are resident in Canada. The Offering was also made available to purchasers that are resident in certain jurisdictions outside of Canada, including the United States and the United Kingdom, in compliance with applicable securities laws.The Company intends to use the net proceeds from the Offering to fund the advancement of its gas storage business and for general corporate purposes.The Company paid advisory fees of C$29,250 in cash to certain arm's length parties in connection with the Offering. Toby Pierce and Robert Bose are insiders of the Company and participated in the Offering by purchasing 800,000 and 1,800,000 Common Shares, respectively, for an aggregate subscription amount of C$535,000. Accordingly, the Offering constitutes a "related party transaction" for the Company within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval under MI 61-101 as the fair market value of each of the insider's participation in the Offering does not exceed more than 25% of the market capitalization of the Company, as set forth in Sections 5.5(a) and 5.7(1)(a) of MI 61-101.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 located on New Zealand's North Island in the Taranaki Basin. With a 50% ownership stake in the Waihapa production station, the Company can quickly tie in any near-term production and sell directly to market. For more information, please visit www.newzealandenergy.com. 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 StatementsThis release contains certain "forward-looking statements". All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations and beliefs of the Company based on information currently available to the Company. Such forward-looking statements include statements relating to the Offering, including the completion and anticipated timing for completion of the Offering, the potential size of the Offering, the Company's intended use of the net proceeds of the Offering, the receipt of all necessary regulatory approvals, including the approvals of the TSXV, and the Company's development and growth plans. Any such forward-looking information may be identified by words such as "anticipate", "proposed", "estimates", "would", "expects", "intends", "plans", "may", "will", and similar expressions. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company.Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283285
Original: New Zealand Energy Corp. Closes C$3.5 Million Private Placement

New Zealand Energy Corp. Closes Funding AgreementFebruary 4, 2026 8:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 4, 2026) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to announce that it has closed its previously announced definitive funding agreement (the "Agreement") with Monumental Energy Corp. ("Monumental") (TSXV: MNRG), effective January 12, 2026, with respect to the area covered by NZEC's 50% interest in PML 38140 and PML 38141 (together, the "Licenses") located in onshore Taranaki, New Zealand. Pursuant to the Agreement, Monumental will fund NZEC's share of certain mutually agreed workover projects aimed at increasing oil and gas production from the Licenses. In consideration, NZEC has granted Monumental a project-specific royalty, effective upon satisfaction of all conditions precedent and commencement of production. Monumental will initially receive 75% of net receipts, payable quarterly, until its funded costs have been recovered, after which Monumental will receive an ongoing royalty equal to 25% of net receipts.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 50% ownership stake in the Waihapa production station, the Company can quickly tie in any near-term production and sell directly to market. For more information, please visit www.newzealandenergy.com. 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 StatementsThis 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 relating to the anticipated funding, execution, timing, and potential results of workover projects, regulatory approvals, and expected production outcomes.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.NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/282629
Original: New Zealand Energy Corp. Closes Funding Agreement

NZ (NZERF on the OTC): effective June 23,2021 a one for 10 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Hello empty crowd. Anyone want to chat? Lament? Dream?

I'm in at an average of 1.05. Holding because I regrettably don't need the loss at the moment.

well 100 k at .065 Friday morning
it is starting
back up the ladder
first stop .10 imo
then add more for JV or Capital injection
either one and the stock takes off
glta

should be interesting

should get a good pop
when we have news or updates
L2 is thin a block at .07
that is basically it
no one left appears to be willing to sell!

Someone is picking away at this... :)

thought we would see six or seven today
but it will come and quickly imo
moved through most of the fives today very easily
positive news and this thing goes Bang for sure
glty

Pop 5 cents and BOOM look at the volume...here we go ladies and gents.

I also took notice of that statement they are in talks with other parties. Should be an interesting situation- let's hope Robinson does what we both think he's capable of.

Hi Maverick
excellent points
i also think Robinson is the one to right this ship
here is a blurb from the last release that has me excited

In particular, the Company is engaged in active dialogue with potential strategic partners whereby strong operational and technical synergies might be achieved over and above the provision of an improved capital position.

Shareholders will be kept informed of any developments regarding this process.

I added more on Friday and think .05 was the challenge
it should pop from 5 to 10 no problem

I also am excited about the reduction of 70 k a month
and 2 months ago they also sliced off 50 k a month
with closing Canadian offices
this is now a lean company and oil is on the rise things could change for the positive really quickly
holding and adding going forward
I agree more will discover this company and board glad to be here right now
good luck to you
and waiting for that release about a Joint venture

I meant to say David Robinson earlier post not Williams- don't know why I said Williams. The new CFO appears to be real sharp as well the gentleman Derek Gardiner. We're seeing .05 today and volume is here- we're gaining traction and certain circles I can tell. I'm going to be adding more next week and build my position up even more. Then I'm going to sit back and watch the late comers push it up even more while the company cuts deals with partnerships and streamlines more of their operations.

To reduce monthly expenses by $70,000 already is a job well done and I expect this to seriously be up in the $1.00+ range eventually. That's why I stayed out of the fray in the beginning I thought they were paying to much for their assets and the stock was paying the price along with bad senior management based way over in Western Canada halfway across the world and out of touch with NZ.

This was the smartest move they could make bringing in Mr. Robinson and Mr. Gardiner and they are being proactive in their cost cutting and already talking to potential deals with exploration and development no doubt.

I like this company and I see the opportunity it presents. I don't say that often by the way.

This board is going to get busier you watch when it starts attracting attention as we go along here.

You sure did - well you know all about this company then from a perspective not many have. Your input is valued on my end that's for sure. It's really unfortunate the old CEO did what he did with this company. No shareholder should have to endure what you have been through. To burn through over $60 Mill dollars to get 140 something barrels a day is truly bizarre. I get the midstream and the large lease position but this could have been acquired and under production for a fraction of what he pissed off rather foolishly. Some of the worst moves I've ever seen actually. But from the ashes the Phoenix will arise and people live and learn. We're in really smart good hands now and I do believe Wlilliams is going to move into partnerships, JV's team up with others to explore the large acreage and drill targets. They don't have cash so that's their only option or get a large injection of capital from bankers. Either way I don't wish to see anymore dilution being dropped in shareholders it's not fair to all of us. To systematically destroy your shareholders with massive dilution is wrong and needs to be stopped. The mismanagement and piss poor burning of shareholders will not help them going forward from here with a new CEO.

Good luck as well I sincerely mean this.

Maverick

I did invest earlier
started at about .75 cents with the falling knife
Have bought all the way down to .025
I have an ok average cost and will continue buying on the way up till my break even number
glad I was not in the 21 million share raise at 3.00 for 63 million dollars
that Proust pissed away
imagine having that cash in this market
i also have faith in the new ceo
seems the ship is righted and smooth sailing ahead

glty maverick one

Lots of interesting different mergers could shape up.
If not- they could expand themselves without merging.
New CEO no dummy- saw the opportunity seized the day.
Knows exactly what he has and where it's going IMO.
Clean the books up, consolidate operations, raise capital.
So glad I didn't invest earlier- but watched patiently.

Yes I agree with you for sure
maybe he reverses a deal in the back door and takes over tag through nzec he has fantastic connections
what a package that would be together
also I think ew would be a good fit to take over
But I might be thinking to small
as the big players are looking to get into New Zealand now
like you.... take over or not this is going up
Traderlong2 from the great white north Canada
glty

Trader- I think a buyout could occur someday.
How could it not look at who the new CEO is?
New CEO was a lobbyist and ran NZ Govt Energy Agency.
He's a competent connected big fish in O&G NZ circles.
We could be smiling all the way to the bank on this one.
Mere speculation will drive this one up.
Any future merger news will push this way up.
At these prices- gobble gobble.
If it never merges I'm ok with that- I'm not going anywhere.
I started feeding at the trough when people bailed :)
Lets buy it all up before the wolfpack shows up.


Maverick from California

I also continue to add
I have a ton but believe it will not only rebound but thrive
I agree with you re the new ceo
very well connected and prepared to do what it takes to grow the company
tag just fired its ceo and coo today
something is in the works
I am hoping nzec does not get taken over until the price is much higher
good luck to you maverick one
and also would love to see .50 to a buck
one good well !!

I'll stop at 1.75 mill shares...still acquiring. But I'm not going to paint myself into a corner either- I could keep going. :)

I like the midstream facility, prospects, large lease, removal of old CEO, new CEO and it's producing. One highly overlooked point I may add is that it's NON-OPEC and located in a politically stable country with many geographical advantages.

I see this new CEO as the type of chap that will reduce costs, raise capital at same time and potentially expand output.

IMO this is worth .30-.50 down the road....and further down the road $1+...

I don't look at the negative that occurred here since inception- I'm looking forward not backward and the future looks bright and lots of potential profit to be made before the Street finds out which will only push the PPS up later.

I think the news might be starting to spread in financial circles around NZ and AZ already...it appears to me anyway. More Canadians will start to join in I would imagine once it starts to rise in PPS eventually.

I agree.
We're in better hands than before.
He's connected.
Knows what he's doing.
My hope is he reduces dilution.
Improves bottom line and is already consolidating.
This should be trading much higher and IMO it will down the road.

same here
i think he will turn this around
good pop on the Toronto exchange today
brighter days ahead

Positive PR cutting costs I like the NEW CEO...

The volume finally showed up- just a slight PPS increase at this moment. Hopefully more upside in PPS and hopefully they don't undercut and dump the new shares onto the market depressing PPS and market cap.

This has potential I just hope the new CEO who has deep connections to the industry in NZ will ramp up the revs and clean out past bad financing deals without diluting common shareholders anymore.

Prudent decision in moving HQ's over to NZ and cutting some management costs including a high salary from the last CEO.

NON-OPEC small producer in a niche market in NZ I like this play if they can keep cutting costs across the board and not dilute shareholders any further in exchange of capital.

Mav

JP's been dumping very possible might creep up in the bid-ask after end of year tax selling. Then again watch us see a flood of cheap shares under .04 hit market in a sell-a-thon.

here are the trades for December ON Canadian nz
only 1 real seller
has not been a seller here before
institutional or maybe from the last PP at .32?
But J P Morgan has sold 2 million shares AT .04
my guess is back to 5-7 this week after tax loss


House Positions for C:NZ from 20141201 to 20141219
House Bought $Val Ave Sold $Val Ave Net $Net
2 RBC 1,614,889 70,798 0.044 245,095 10,972 0.045 1,369,794 -59,826
85 Scotia 470,750 20,474 0.043 24,200 965 0.04 446,550 -19,509
123 Citigroup 450,000 18,000 0.04 5,130 256 0.05 444,870 -17,744
7 TD Sec 1,029,200 41,851 0.041 618,612 28,813 0.047 410,588 -13,038
9 BMO Nesbitt 370,500 13,010 0.035 12,050 481 0.04 358,450 -12,529
89 Raymond James 234,000 11,370 0.049 52,300 2,982 0.057 181,700 -8,388
15 UBS 115,135 4,605 0.04 0 115,135 -4,605
80 National Bank 106,000 6,330 0.06 0 106,000 -6,330
36 Latimer 32,072 1,393 0.043 30,388 1,715 0.056 1,684 322
88 Credential 1,300 52 0.04 0 1,300 -52
83 Mackie 20,000 600 0.03 21,000 640 0.03 -1,000 40
57 Interactive 0 1,500 60 0.04 -1,500 60
68 Leede 0 2,000 80 0.04 -2,000 80
39 Merrill Lynch 6,000 195 0.033 11,000 400 0.036 -5,000 205
22 Fidelity 7,500 375 0.05 16,300 815 0.05 -8,800 440
143 Pershing 0 10,000 540 0.054 -10,000 540
124 Questrade 10,000 450 0.045 20,350 927 0.046 -10,350 477
13 Instinet 1,000 40 0.04 13,000 520 0.04 -12,000 480
53 Morgan Stanley 0 12,000 600 0.05 -12,000 600
95 Wolverton 0 12,500 575 0.046 -12,500 575
99 Jitney 67,000 3,385 0.051 87,000 3,310 0.038 -20,000 -75
19 Desjardins 33,500 1,430 0.043 60,000 2,900 0.048 -26,500 1,470
79 CIBC 42,000 1,805 0.043 71,940 3,952 0.055 -29,940 2,147
33 Canaccord 0 105,700 5,774 0.055 -105,700 5,774
62 Haywood 12,265 543 0.044 153,846 6,178 0.04 -141,581 5,635
59 PI 0 219,200 10,866 0.05 -219,200 10,866
1 Anonymous 1,302,000 51,820 0.04 1,528,000 56,560 0.037 -226,000 4,740
97 M Partners 0 243,000 13,365 0.055 -243,000 13,365
74 GMP 0 348,000 14,240 0.041 -348,000 14,240
222 JP Morgan 0 2,001,000 80,040 0.04 -2,001,000 80,040
TOTAL 5,925,111 248,526 0.042 5,925,111 248,526 0.042 0 0

Someones dumping under .05 all day long....

CEO Proust was making $40,000 a year what took him so long to step down? It should have happened back in 2012-2013 took way to long.

Why have shareholders been diluted to this terrible degree? What did they do with $80 million in capital to only return a hair over 200 BOE daily ouput?

What I don't understand is why did NZ give Geoservices a division of parent Schlumberger .166% of the companies shares for only $850,000 and the assets are considerably worth much much more? That will break down two ways...either a wise decision and they ramp up production or they squander it all away once again.


Either way they will need MUCH MORE capital then this paltry $850,000 to be able to drill new wells...we're talking $2-$3 million for each one ballpark figures and to do that new CEO Williams is going to have to convince someone to be a long term strategic partner to keep the sharks like Louden away from the considerable assets this company owns. Be ready IMO to see a merchant banking long term partner team up with NZ to show up on the scene and rescue this company. I know it sounds out there- but I do believe this is a ripe opportunity for a merchant banker to step in here and do real well over time.

Smartest thing they did was get rid of Proust and his asinine $40,000 monthly salary and consolidate operations over to NZ where it's operations are executed. Williams is well connected as the new CEO and was the main oil lobbyist before he stepped down to helm this company...hopefully into a new profitable era.

If Williams doesn't turn this around and soon...I'm afraid Louden will be owning NZ for a mere pittance of what NZ's assets are worth in 2015 stock would be worthless.

Sounds like NZ's backs are against the wall to have to negotiate and give away that many shares and warrants for a mere $850,000.

But with all turn around success stories there is a capacity to do this here...they do have a decent sized reserve and if they have some early success under new CEO Williams and add more production on the cheap along with adding more reserves they can get out of this situation.

I'm banking on it that they will.

I bought a bunch more at .03
down with the ship so to speak
hoping they can right this ship
and head the other direction for 2015
glta

Wow some sold for .02-.03 recently way under the .05 PPS agreed to by the funder of the $850,000...looks like undercutting has begun.

Thanks
Penny stocks normally don't go up much on news.
Usually result of penny stock promoters companies hire.
It's all about timing in and out and what you originally pay.
Hopefully one is wise enough to spot dilution when PPS is to high.
Patients.

also a little more interest and info at

http://www.stockhouse.com/companies/bullboard/v.nz/new-zealand-energy-corp

excellent post
I have been averaging down
I hope the right thing to do!
sure different pp than 2 years ago
21 million shares at 3.00 for 63 million dollars
now 17 million for .05 for 850 k
wow

Thank goodness someone like you came along here I was talking to myself for months. If someone injects $850,000 and acquires 17,000,000 units at .05 and with each unit comes a non-tranferable share purchase warrant that will enable them later to acquire common shares for .02 cents higher at .07 that tells me a financier likes that they see here. If not- they wouldn't be dropping in $850,000 of capital into this for nothing. This is dilution no doubt- but this company has been seriously diluting their shareholders into the dirt since Day 1 back in 2011. What's different about this company now is that if you were a common shareholder that bought in higher years ago and even earlier this past year you were going to seriously lose everything you invested. There is no doubt about that based on the way these previous deals were structured. Take a look at how many shares that have been dumped since Day 1...my team members were concerned with the amount of shares that had been doled out-so I directed them to start counting the daily share volumes since Day 1 traded back in 11' and we came up with some interesting information as to who we suspect has been cleared out and who hasn't been... regarding the selling of their shares-warrants in lieu of cash injected. This play is all about timing and thank god I wasn't in this earlier or I surely would have been emptied out of my investment dollars.

Now IMO we're at or near the very bottom and when you have financial agreements linked to PPS sells of stock given to financiers in exchange of cash injections you can kind of a get detailed idea of where this could go. Will the financiers later get the itch to sell later for less than .05 than they acquired it for? No way to know here yet but that will be played out later. I've seen many other financiers in the past in hundreds of other deals where financiers sell later for less than acquired just to recoup part of their original investment because the stock didn't appreciate and they needed their money back. Now whether or not deals are struck with MM's, the company involved and the financiers to move the bid and ask up is another thing. Sometimes that involves agreements that the company will do certain things to hire penny stock promoters to help move & juice the stock and increase their opportunity and profits. In this case the baseline will be $850,000 and a PPS of .05 and later potentially .07 if the conditions are right for the financiers. I'd rather be sitting under a dime and under .05 if I'm a shareholder or some person sitting on the fence. If you've been here all along your trying to average down which I believe you have been doing-good for you by the way!

Very rarely do companies stock appreciate from just penny stock investors finding companies and their stock all on their lonesomes. It's usually from penny stock promoters going hand in had with the companies that hire and pay them. Usually the rise in PPS has nothing to do with the actual business of said company no matter what line of business they are into. It's called timing and where you enter it at and where you stay at or jettison when it goes up. Longer you stick around for longer durations you'll see the spikes in volume and corporations release of PR's and their timing of certain events.

But at this PPS they produce decent of amount of oil and some gas I'm keeping my eyes on certain aspects of their business-but more importantly I am studying the the deals they cut for cash and what effect it has on major dilution which is a negative effect on common shareholders that do not provide deals like $850,000 of financing. We the common shareholders are in an inferior position to a financier who has given $850,000 to the company- that's the way it is- it's a legal contract attached to a financial mechanism.

But- what I do believe could happen down the road is that this will be manipulated eventually by the powers that be that are involved with these types of funding situations and they'll wish to raise the PPS up to recoup their investments and make perhaps hundreds of thousands if not millions of dollars. Let's be clear here if your the financier your not giving a company $850,000 because your a good guy and you like them. Your giving them that money to double, triple, quadruple it... whatever the skies the limit or it could be a 10-30% profit end game we'll never know. But they are not here to lose money and so the game is set up to make money. It's called timing and counting shares- which I consider close to sitting in Vegas and counting cards except this is legal.

Much rather be sitting here on the low end than buying in at $1.00 or .50 or even .25 losing everything to massive dilution through the years. At this point this company in my opinion has pissed and burned through way to much capital for the amount of oil and gas they are producing and the East Cape exploration has been a failure with no success. Problem with all of their issues of trying to start this company from scratch is that common shareholders lost everything IMO to their dilution upon them. Right now I don't feel like I'm a part of that previous shareholder dynamic of losing anything at this point- because I like I mentioned before I didn't buy in higher. But at the bottom...or it could go lower one never knows for sure. But by acquiring that many units at that price very bottom of the barrel it could go both ways for common shareholders. Do they undercut the .05 or do they raise it to recoup?

My thoughts are that there is another financier out there waiting to get involved with some other package of funding that will take a longer business partner approach to New Zealand Energy rather than just selling as many units as quickly as they can. US financiers are the Wild West anything goes- the more refined European specifically British style of merchant banking and investment is what I prefer. Which is more of a long time partner which will raise the PPS up a higher valuation to achieve several objectives.

The company has prospects I understand this but this also has everything to do with how this company finances it's business dealings which will in the end affect it's common shareholders with little to do with how much O&G they produce or sell.

I agree with you Maverick
been buying all the way down
I think it has excellent assets and potential
for the price right now
hope you enjoy New Zealand this Christmas

IMO this could run to $2.00-$4.00...I'm not going to say why or how I know this for that's DD. But one day it will happen and in the meantime I acquire for dirt cheap. NON-OPEC politically stable healthy western country excellent opportunity to snag shares for under .05 that produces net 200 barrels daily. They also own as an equal 50% partner in a midstream\downstream processing facility with lots of explorable acreage under contract left to explore and then develop over time. IMO this is the bottom and lots of people lost their $ when they bought higher...that's why the lack of activity. But- I see promise and lots of it and for a mere fraction of what it's future value will be. I think it's a wise prudent move to clear out the old CEO and offices in Vancouver BC and realign in NZ to save expenses near their core business and leases.

Me traveling to NZ for Xmas and New Years.

It's a double from here potentially...

I look at this as an opportunity after what occurred here. For them to survive they have to operate with less capital and make wiser more prudent decisions now and for the future. The raising of the recent capital is a step in the right direction and puts them on a budget.

I'll keep acquiring and hold long term for the phoenix to rise from the ashes...and it will that's why I did my DD and opted to start acquiring and taking a pretty large stake.

It's all timing buy low....then later sell high if pps is right years later if need be. I'll continue to acquire on the low end.

Thanks for replying and I know not many people are here but that's ok.

Thanks Maverick
I think you are spot on
I have been and continue to add at the .08 range
and I think with anything positive a return to the .40ies is possible
it hit 3.80 in 2012
that is a serious drop to 7-8 cents!
management did not handle the capital well
They raised 63 million at 3.00 per share
and presto it is gone
I think you are right they will be very careful going forward
glty

Bout time someone rose from the cyber dead-welcome back.

It's a very tiny O & G that's thinly traded without much marketing.

IMO the bottom has been around the .05-.08 in that range of bands...which isn't much money. Now that they are fresh with capital...we'll see what they do with it. I believe they will put it to smart good use.

IMO the long multi-year slide is over and eventually could reach back up to the .40's...then if it's managed correctly could hit .50 and north. I'm still acquiring bc 8's are still cheap to me as a value investor.

hoping sooner than later
been a long down trend
but thinking the bottom is in
and up from here
glta

Long awaited capital arriving...we'll be at .10-.15 range at some point.

Where is everyone?