Operator · New Zealand Shale
New Zealand Energy Corporation
28 articles mentioning New Zealand Energy Corporation · Page 1 of 2
NZEC: Mechanical Difficulties Cut into Well Production
Field production from the TWN Licenses declined in the second half of the month as the result of a compressor failure.
NZEC Turns on Taps at 12 Taranaki Basin Wells
To date the Company has advanced 12 wells to production: four wells on the Eltham Permit and eight wells on the TWN Licenses.
NZEC Sets Up Wells at Taranaki, East Coast Basin Projects
The company noted 19,682 barrels of oil produced and 17,630 barrels of oil sold during Q1-2014.
NZEC Initiates Production at New Zealand Well Fleet; Ups Reserves 145%
The Waitapu-2 and Waihapa-8 wells commenced production on March 6 and March 29, respectively.
Two Senior Execs at NZEC Take Early Retirement
Further to New Zealand Energy Corp.'s commitment to reduce costs, two of NZEC's senior executives, Bruce McIntyre and Ian Brown, have taken early retirement from their paid employment positions.
NZEC Makes Progress at Taranaki Wells
New Zealand Energy Corp. has reported that at the end of February 2014, the Company was producing light, high-quality oil from nine wells in the Taranaki Basin of New Zealand's North Island.
NZEC Outlines Taranaki Basin Well Production; Averages 284 BO/d
NZEC is currently producing light, high-quality oil from nine wells in the Taranaki Basin of New Zealand's North Island, with five further wells expected to add to production over the next four months.
NZEC's Taranaki Wells Flowing 236 BO/d; Three Wells to be Added
Total production (100% basis) during December 2013 was 9,332 bbl oil and 16.2 million cubic feet natural gas.
NZEC Reactivates Six Tikorangi Well Projects; Talks Flow Rates
John Proust, CEO & Director, commented: "Initial oil production from the first reactivated wells in the Tikorangi Formation has exceeded our expectations."
NZEC Sees Significant Taranaki Asset Growth; Talks Oily Work Program
NZEC has detailed its 2013/2014 work program for Taranaki Basin, estimating 2,300 boe/d (82% oil) of production by year-end 2014.
NZEC Makes Management Changes to Spur Growth
With the Acquisition complete and well reactivations proceeding as planned, NZEC is set to significantly increase its exploration and production activities.
NZEC Closes $16.1MM Private Placement Following Acquisition
The Company issued 48.9 million subscription receipts at a price of $0.33 per Subscription Receipt.
New Zealand Energy Shuffles Finance Team
New Zealand Energy Corp. has reported the appointment of Gerrie van der Westhuizen as Interim Chief Financial Officer. Gerrie joined NZEC in November 2012 as Vice President Finance, assuming responsibility for the Company's financial reporting obligations,...
NZEC Details $15 Million Private Placement
The proceeds from the sale of the Subscription Receipts will be used to complete the acquisition of assets from Origin Energy Resources NZ (TAWN) Limited.
NZEC Outlines Taranaki Development through 2014; Details Reservoir Study
The Taranaki Basin is situated on the west coast of the North Island and is currently New Zealand's only oil and gas producing basin.
NZEC Details 'Transformative' Acquisition, Taranaki Development Plans
Completion of independent study into Mt. Messenger discoveries provides valuable insight for future exploitation strategy.
NZEC Looks to Ramp Up New Zealand Oil Production
The Company has undertaken a number of reservoir and production tests in recent months with the objective of optimizing oil production.
NZEC Talks New Zealand Progress, Acquisition
The update spotlights the company's growing Taranaki and East Coast Basin operations as well as its recently announced acquisition of Origin's midstream/exploration assets.
NZEC Hits Sixth Oil Discovery Onshore New Zealand
NZEC commenced testing the Arakamu-2 well in mid-March and swab tested two intervals for a total of 13 days.
NZEC CEO Proust Talks 2013 Shale Oil Plans, Production
"NZEC has drilled ten wells on its Eltham Permit in the Taranaki Basin, with five oil discoveries and results pending from two Mt. Messenger wells," says John Proust, CEO.