CA Market News
1日前
New Zealand Energy Corp. Files Annual Financial Statements and Announces Cease Trade OrderJuly 3, 2026 5:45 PM
NewsfileVancouver, 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 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 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 Original: New Zealand Energy Corp. Files Annual Financial Statements and Announces Cease Trade Order
CA Market News
3日前
New Zealand Energy Corp. Provides Corporate UpdateJuly 1, 2026 6:06 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - July 1, 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 "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 July 8, 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, because of the delay, the Company will 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 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 OfficerEmail: 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/303690 Original: New Zealand Energy Corp. Provides Corporate Update
CA Market News
3週前
New Zealand Energy Corp. Provides Corporate UpdateJune 12, 2026 6:00 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 12, 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 "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 29, 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, because of the delay, the Company will 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 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/301154 Original: New Zealand Energy Corp. Provides Corporate Update
CA Market News
1月前
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
CA Market News
2月前
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
CA Market News
2月前
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
CA Market News
3月前
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
CA Market News
4月前
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
CA Market News
4月前
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
CA Market News
5月前
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
CA Market News
5月前
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
traderlong2
12年前
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
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