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.

TSXV:NZ - Post by User

New Zealand Energy Corp

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Post by Keepdiggingon Oct 23, 2024 10:54am

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Early investors taking profits

I would say the early buyers are taking profits, with a low share count like NZ you sell when there's buyers,, to lower your cost/share, decrease capital risked.

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Osisko Development receives permits for Cariboo Gold Project