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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Comment by investor319on Jan 26, 2023 12:24pm

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Post# 35247983

RE:why aren't insiders buying?

Great question. Clearly undervalued with small dollar amounts trading most weeks but with no uptick no matter the news. Are the outside investors stuck with high losses waitning in vain for some spectacular discovery? Is the current management capable of turning it around or do they care? The company's holdings seems to have potential but the company stagnates doing endless reviews. The looming debt and unlikely ability to raise the stock price sufficiently to either repay, refinance or convert doesn't feel hopeful if the company doesn't get its act together.

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