TSX-V: NZ     C$ 0.04 +0.00 +0% Volume: 52,550 December 19, 2014
New Zealand Energy Corp. also trades on the OTCQX International under symbol NZERF
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Why NZEC

NZEC is executing a technically disciplined exploration program focused on the discovery and development of onshore oil and natural gas resources in New Zealand. NZEC is developing its existing portfolio of assets and intends to pursue additional exploration opportunities in areas with proven hydrocarbon systems. NZEC's ability to fund future exploration and development activities, the success of those activities, or whether sufficiently profitable operations will be attained from these activities, cannot be assured. The Company continues to pursue a number of options to increase its financial capacity, including increasing cash flow from oil production, disposal of interests in fixed assets, credit facilities, joint arrangements, commercial arrangements or other financing alternatives, in order to meet all required and planned capital expenditures for the next 12 months.

  • NZEC currently has 11 wells in the Taranaki Basin capable of producing light, high-quality oil.
  • NZEC's oil production is sold at a premium to Brent pricing.
  • NZEC controls 1.15 million acres across seven permits on New Zealand's North Island, with major oil discoveries to the north, south and west of its Taranaki land package and numerous oil and gas showings across its East Coast land package.
  • NZEC's permits offer exploration and production potential from both conventional resources and unconventional oil shales. 
  • NZEC's newly-acquired petroleum licenses have brought multiple low-cost reactivation and recompletion opportunities that could increase the Company's production and cash flow.
  • NZEC operates the only open-access full-cycle production facility in the Taranaki Basin, expediting tie-in timelines and reducing processing and transportation costs for NZEC's production, and bringing business opportunities to the company to process third-party production in the region.
  • NZEC has a strong technical and operations team with decades of New Zealand experience.

NZEC's ability to fund future exploration and development activities, the success of those activities, or whether sufficiently profitable operations will be attained from these activities, cannot be assured. The Company continues to pursue a number of options to increase its financial capacity, including increasing cash flow from oil production, disposal of interests in fixed assets, credit facilities, joint arrangements, commercial arrangements or other financing alternatives, in order to meet all required and planned capital expenditures for the next 12 months.

New Zealand’s energy sector is analogous to western Canada’s oil and gas industry 50 years ago – but with the benefits of 21st century commodity pricing and technologies. The country has known hydrocarbon accumulations and a long history of oil and natural gas production. Yet New Zealand remains largely underexplored, with less than 500 oil and natural gas wells drilled over the past 60 years, versus literally hundreds of thousands in western Canada during the same period. We believe New Zealand’s currently small oil and natural gas sector represents a tremendous growth opportunity.

New Zealand is a stable, democratic, developed country with a transparent legal system. In terms of natural resource policies, the country is “open for business” and offers a positive fiscal regime at both the energy royalty and overall tax levels. Domestic energy consumption far outstrips domestic production, creating a strong local market. In New Zealand, crude oil sells at a premium to the Brent benchmark and natural gas sells well above North American prices.

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: 0.04 +0.00 +0% Volume: 52,550 December 19, 2014