New Zealand Energy Corp V.NZ

Alternate Symbol(s): NZERF

Energy Oil & Gas E&P

New Zealand Energy Corp. is a New Zealand-based company, which is an oil and gas producer. The Company, through its subsidiaries, is engaged in the exploration, appraisal, development, and production of oil and natural gas, as well as the operation of midstream assets, in New Zealand. The Company conducts its business as a single segment being the acquisition, exploration, appraisal, development and production of conventional oil, and natural gas resources in New Zealand. The Company’s geographic segment is New Zealand. The Company produces petroleum from Waihapa and Ngaere wells in the TWN Petroleum Mining Licenses and from the Copper Moki wells in the Copper Moki Mining Permit. The Waihapa Ngaere wells produce oil and gas from the fractured Oligocene Tikorangi Limestone at a depth of approximately 2700 meters.

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New Zealand Energy Corp > Unusual Asks

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Comment by oilinvestor52on Nov 09, 2023 10:05pm

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Post# 35727532

RE:RE:RE:Unusual Asks

Yes they gave it to shareholders hard, and effectively stealing the asset from them. Litigation is a long process however Mark Dunphy (the director who calls the shots) is a rich lister, which could make a class action in Canada where the company is domiciled, interesting. I would think there is enough information to make a case to run with. PM me if there is interest in discussing our options.

Donald

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