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 > Due diligence

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Comment by shiftyoneon Oct 24, 2024 8:53pm

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Post# 36281346

RE:Due diligence

How much did you end up getting hit for? I sold today as well. Maybe I will buy back someday... but right now they have a problem with solvency imo. I'd bought mine a little while ago, my price was lower and so all the profits are gone now and about another25%.

It sucks...

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