TSX-V: NZ     C$ 0.10 +0.00 +0% Volume: 213,800 August 29, 2014
New Zealand Energy Corp. also trades on the OTCQX International under symbol NZERF
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Value Drivers

Since its inception in 2010, NZEC has moved quickly to assemble a portfolio of highly prospective properties and a world-class technical team with the expertise required to rapidly advance the properties to production. NZEC is focused on systematically exploring and advancing its properties, reducing risk and adding value with every corporate milestone. Milestones achieved to date are outlined in the History of NZEC page. Plans for 2014 include:

  • Continue to optimize production levels from the TWN and Eltham wells
  • Advance additional reactivation and uphole completion opportunities to production on the TWN Licenses
  • Continue to review well logs, drilling records and seismic data to identify new production opportunities on the TWN Licenses
  • Grow production and cash flow to allow the Company to organically fund the exploration of new high-impact Mt. Messenger and Tikorangi drill targets
  • Drill the Horoi Mt. Messenger well on the Alton Permit   
  • Seek farm-in partners for the Eltham and Alton permits in the Taranaki Basin  
  • Seek partners to advance the Castlepoint, Wairoa and East Cape permits

Development and operating costs are to be funded initially by existing working capital and cash flows from production. The Company is focused on increasing cash flow by advancing existing wells to production, since reactivations and uphole completions are significantly less expensive than drilling new wells. The Company’s ability to execute its exploration and development activities is contingent on its financial capacity. The Company is considering a number of options to increase its financial capacity, including increasing cash flow from oil production, additional joint arrangements, commercial arrangements or other financing alternatives.

 

 

 

About New Zealand Energy Corp.

NZEC is a publicly-traded company (TSX-V:NZ, OTCQX:NZERF) focused on the production and exploration of oil and natural gas prospects in New Zealand.

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Last Updated: 0.10 +0.00 +0% Volume: 213,800 August 29, 2014