AUD

NEW ZEALAND OIL & GAS HALF YEAR RESULT– REVENUE UP 40%

Posted on 28/02/2023

Half Year Results

Net profit after tax of NZ$7.0 million, after exploration expense Net operating cashflows NZ$14.5 million, up 109% Revenue up 40% year-on-year to NZ$46.1 million Production up 14% year-on-year Palm Valley average daily production rate more than doubled Growth in oil production from Mahato development drilling Continued growth expected from Mahato and Amadeus developments   

Documents

661-2022-12-NZO-Annual-Result-market-release-31-December-2022-post-audit-comm-changes.pdf