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NEW ZEALAND OIL & GAS LIMITED - ASX: NZO
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
New Zealand Oil & Gas Limited (NZOG) is an independent, Wellington-based exploration and production company listed on both the New Zealand and Australian stock exchanges. We have around 15,000 shareholders, with a mix of retail and institutional investors. The company has been publicly listed since 1981 and is now enjoying the rewards that experience and perseverance can bring.
NZOG has two key assets (Tui and Kupe), two significant investments (Pike River and Pan Pacific), a promising exploration portfolio and is pursuing an ambitious growth strategy.
The experience and expertise of a strong and capable team is being fully utilised to assess new business opportunities. Working with our business partners and stakeholders we look forward to growing the company from its current strong platform and creating further shareholder value.
Market Capitalisation
As at 31 December 2010: Approx NZ$345 million.
Oil & Gas Production
New Zealand Oil & Gas Ltd has had production since July 2007 from the Tui Area Oil Fields (12.5% partner) and production from the Kupe gas and condensate field since December 2009. (15% partner).
Oil & Gas Reserves
New Zealand Oil & Gas Ltd's Proven and Probable (2P) Reserves as at 31 December 2010:
Tui: 2.6 million barrels Oil & Gas Condensate therefore 2.6 million barrles of oil equivalent
Kupe: 2.5 million barrels Oil & Gas Condensate, 38 petajoules Natural Gas, 156 kilotonnes LPG therefore 9.8 million barrels of oil equivalent
Mine For
oil, gas
Location of operation(s)
New Zealand
Address
Level 20 , 125 The Terrace
WELLINGTON, , NEW ZEALAND
Phone
(64 4) 495 2424
Website
Last Updated
7/3/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
