NZEC has assembled a large land package totaling 1.93 million net acres across nine permits in the two main sedimentary basins of New Zealand’s North Island. Learn more.
NZEC is operated by an experienced management and technical team with a broad range of oil and natural gas technical and managerial skill sets, many years of in-country experience and a proven track record of success. Learn more.
NZEC has advanced 11 oil wells to production and is focused on increasing its production and cash flow through reactivations or uphole completions of existing wells on its newly acquired TWN Licenses. Learn more.
NZEC will focus its near-term exploration and development efforts on lower-cost opportunities that are close to infrastructure and could quickly bring production and cash flow to the Company. Learn more.
New Zealand Energy Corp. (NZEC) is a publicly-traded company (TSX-V: NZ, OTCQX: NZERF) focused on the production, development and exploration of oil and natural gas prospects in New Zealand. NZEC controls 1.93 million acres of land across nine permits, comprising the largest onshore exploration portfolio on New Zealand's north island. The properties offer significant production potential with reserves estimated at 1.2 million barrels of oil net to NZEC, and significant additional resources. In October 2013 the Company completed an acquisition of strategic upstream and midstream assets that expanded its portfolio with a full-cycle production facility and three new petroleum mining licenses with independently confirmed reserves and resources.
NZEC was formed in 2010 to pursue new opportunities for energy exploration resulting from the New Zealand government's growing encouragement of energy exploration. The Company drilled its first discovery well in August 2011 in the Taranaki Basin and is currently producing high-quality light oil from 11 wells, with additional production pending from the new petroleum licenses and additional exploration planned for 2014. On the East Coast Basin of the north island, NZEC is advancing its technical knowledge of two oil shale formations with the objective of drilling its first exploration wells into these underexplored formations in 2014. NZEC has secured the largest onshore exploration portfolio on the north island and recruited a team of industry professionals with expertise in both New Zealand and Western Canadian sedimentary basins, with the objective of unlocking the potential of New Zealand's petroleum resources and building a world-class energy company.