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New Zealand Energy Commences Completion of Fifth Well in

New Zealand Energy Commences Completion of Fifth Well in Taranaki
Basin 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/27/12 -- New
Zealand Energy Corp. (TSX VENTURE:NZ)(OTCQX:NZERF) ("NZEC" or the
"Company") today announced that the Company has achieved target depth
in its Waitapu-1 well, evaluated open hole logs and commenced casing
the well, with completion to follow. Waitapu-1 was drilled through
the Urenui formation into the Mt. Messenger formation with a measured
depth of 2,213 metres and true vertical depth of 1,925 metres. The
Company plans to perforate and test the Mt. Messenger formation. 
Following perforation of Waitapu-1 the rig will be repositioned on
the same drill pad to finish drilling Waitapu-2, which has been
drilled and cased to 300 metres using a smaller rig.  
On behalf of the Board of Directors 
Bruce McIntyre, Executive Director  
About New Zealand Energy Corp. 
NZEC is an oil and natural gas company engaged in the production,
development and exploration of petroleum and natural gas assets in
New Zealand. NZEC's property portfolio collectively covers two
million acres of conventional and unconventional prospects in the
Taranaki Basin and East Coast Basin of New Zealand's North Island.
The Company's management team has extensive experience exploring and
developing oil and natural gas fields in New Zealand and Canada, and
takes a multi-disciplinary approach to value creation with a track
record of successful discoveries. NZEC plans to add shareholder value
by executing a technically disciplined exploration and development
program focused on the onshore and offshore oil and natural gas
resources in the politically and fiscally stable country of New
Zealand. NZEC is listed on the TSX Venture Exchange under the symbol
NZ and on the OTCQX International under the symbol NZERF. More
information is available at www.newzealandenergy.com or by emailing
info@newzealandenergy.com. 
Forward-looking Statements 
This news release contains certain forward-looking information and
forward-looking statements within the meaning of applicable
securities legislation (collectively "forward-looking statements").
The use of the words "will", "plan" and similar statements are
intended to identify forward-looking statements. Forward-looking
statements 
involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially
from those anticipated in such forward-looking statements, including
without limitation, the speculative nature of exploration, appraisal
and development of oil and natural gas properties; the ability to
achieve commercial production from oil and natural gas prospects;
uncertainties associated with estimating oil and natural gas
resources; uncertainties in both daily and long-term production rates
and resulting cash flow; volatility in market prices for oil and
natural gas; changes in the cost of operations, including costs of
extracting and delivering oil and natural gas to market, that affect
potential profitability of oil and natural gas exploration; the need
to obtain various approvals before exploring and producing oil and
natural gas resources; uncertainty in the timing of receipt of
permits and the Company's ability to extend the permits if required;
exploration hazards and risks inherent in oil and natural gas
exploration; operating hazards and risks inherent in oil and natural
gas operations; market conditions that prevent the Company from
raising the funds necessary for exploration and development on
acceptable terms or at all; global financial market events that cause
significant volatility in commodity prices; unexpected costs or
liabilities for environmental matters; competition for, among other
things, capital, acquisitions of resources, skilled personnel, and
access to equipment and services required for exploration,
development and production; changes in exchange rates, laws of New
Zealand or laws of Canada affecting foreign trade, taxation and
investment; failure to realize the anticipated benefits of
acquisitions; and other factors as disclosed in documents released by
NZEC as part of its continuous disclosure obligations. NZEC believes
the expectations reflected in those forward-looking statements are
reasonable, but no assurance can be given that these expectations
will prove to be correct. Such forward-looking statements included in
this news release should not be unduly relied upon. These statements
speak only as of the date of this news release and NZEC does not
undertake to update any forward-looking statements that are contained
in this news release, except in accordance with applicable securities
laws.  
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as such term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Contacts:
New Zealand Energy Corp.
Bruce McIntyre
Executive Director
North American toll-free: 1-855-601-2010 
New Zealand Energy Corp.
John Proust
Chief Executive Officer & Director
North American toll-free: 1-855-601-2010 
New Zealand Energy Corp.
Rhylin Bailie
Vice President Communications & Investor Relations
North American toll-free: 1-855-601-2010
info@newzealandenergy.com
www.newzealandenergy.com