New Zealand Energy Receives Government Approval for Acquisition of Assets

New Zealand Energy Receives Government Approval for Acquisition of Assets 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/18/13 -- New
Zealand Energy Corp. (TSX VENTURE:NZ)(OTCQX:NZERF) ("NZEC" or the
"Company") has received New Zealand government approval for the
acquisition of strategic upstream and midstream assets (the
"Acquisition") from Origin Energy Resources NZ (TAWN) Limited, a
wholly-owned subsidiary of Origin Energy Limited (ASX:ORG). The
formal closing time for the Acquisition has been set for 10am October
29 New Zealand time (2pm October 28 Vancouver time).  
Upon closing, NZEC will hold a 50% interest in the Tariki, Waihapa
and Ngaere Petroleum Mining Licenses in the main Taranaki Basin
production fairway, as well as the Waihapa Production Station and
associated gathering and sales infrastructure (collectively, "TWN
Assets"). NZEC and L&M Energy Limited ("L&M") are acquiring the
assets jointly and will form a 50/50 joint venture to explore,
develop and operate the TWN Assets. NZEC's technical and engineering
teams, in collaboration with L&M, have prepared a detailed
development and exploration plan for the TWN Assets that will
commence immediately upon closing (see NZEC press release dated
August 6, 2013). 
"We greatly appreciate the efforts of New Zealand Petroleum &
Minerals to expedite the approval process," said John Proust, Chief
Executive Officer & Director of NZEC. "We look forward to formally
closing the acquisition on October 29 so that we can focus on
developing the TWN Assets for the benefit of NZEC's shareholders, L&M
and our New Zealand community partners."  
On behalf of the Board of Directors 
John Proust, Chief Executive Officer & 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
approximately 2.27 million acres (including permits and acquisitions
pending) 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. 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. 
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.  
FORWARD-LOOKING INFORMATION 
This document contains certain forward-looking information and
forward-looking statements within the meaning of applicable
securities legislation (collectively "forward-looking statements").
The use of any of the words "will", "look forward", "developing", and
similar expressions are intended to identify forward-looking
statements. These 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. Such forward-looking statements should
not be unduly relied upon. The Company 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. This document contains forward-looking statements and
assumptions pertaining to the following: business strategy, strength
and focus; the ability of the Company to close the Acquisition on
time; the recoverability of the Company's crude oil, natural gas
reserves and resources; and future capital expenditures to be made by
the Company. Actual results could differ materially from those
anticipated in these forward-looking statements as a result of the
risk factors set forth below and elsewhere in the document, such as
the speculative nature of exploration, appraisal and development of
oil and natural gas properties; uncertainties associated with
estimating oil and natural gas resources; 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; operating hazards and risks inherent in oil
and natural gas operations; volatility in market prices for oil and
natural gas; 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. Readers are cautioned that the
foregoing list of factors is not exhaustive. The forward-looking
statements contained in the document are expressly qualified by this
cautionary statement. These statements speak only as of the date of
this document and the Company does not undertake to update any
forward-looking statements that are contained in this document,
except in accordance with applicable securities laws.
Contacts:
New Zealand Energy Corp.
John Proust
Chief Executive Officer & Director
North American toll-free: 1-855-630-8997 
New Zealand Energy Corp.
Bruce McIntyre
Executive Director
North American toll-free: 1-855-630-8997 
New Zealand Energy Corp.
Rhylin Bailie
Vice President Communications & Investor Relations
North American toll-free: 1-855-630-8997 
New Zealand Energy Corp.
Chris Bush
New Zealand Country Manager
New Zealand: 64-6-757-4470
info@newzealandenergy.com
www.newzealandenergy.com
 
 
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