Posted on 29/02/2024
''This half year is a watershed for New Zealand Oil & Gas, as the strategy our Board announced in 2020 begins to pay dividends...literally" says Andrew Jefferies CEO. Increase in Net Profit After Tax to NZ$7.0 million, up 112% Production up 9% Revenue of NZ$51.3 million up 11 % Operating Cashflow up LILI% to NZ$20.9 million Cash climbs to NZ$Ll6.LI million up 27% from June 2023 Special dividend AUD 3 cents per share declared Recently announced 25% ownership increase in the Mereenie field