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May 25, 2015 9:53 AM ET

Oil, Gas and Consumable Fuels

Company Overview of New Zealand Energy Corporation

Company Overview

New Zealand Energy Corp., through its subsidiaries, is engaged in the exploration, development, and production of conventional and unconventional oil and natural gas resources in New Zealand. The company also operates midstream assets. Its property portfolio consists of approximately 1.15 million net acres in the Taranaki Basin and East Coast Basin of North Island. As of December 31, 2013, the company’s proved and probable reserves consist of 1.6 million barrels of oil equivalent. New Zealand Energy Corp. was founded in 2010 and is headquartered in Vancouver, Canada.

200 Burrard Street

Suite 1680

Vancouver, BC V6C 3L6


Founded in 2010





Key Executives for New Zealand Energy Corporation

General Manager of Midstream Operations
Total Annual Compensation: $270.9K
Compensation as of Fiscal Year 2013.

New Zealand Energy Corporation Key Developments

New Zealand Energy Corporation Auditor Raises 'Going Concern' Doubt

New Zealand Energy Corporation filed its Annual on Apr 29, 2015 for the period ending Dec 31, 2014. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

New Zealand Energy Corp. Announces Change to Senior Management Team

New Zealand Energy Corp. announced that CEO, David Robinson has given three months’ notice of resignation. Mr. Robinson will retire as a director before the Annual General Meeting of the company in mid June 2015.

New Zealand Energy Corp. Repays Working Capital Facility

New Zealand Energy Corp. announced that it has fully repaid the New Dawn Energy Limited Working Capital Facility Agreement put in place in September 2014. The Working Capital Facility allowed for drawings up to NZD 5 million and had a maturity date of 31 March 2015. Total actual drawings and accrued interest repaid on this date amounted to NZD 638,457.34 which has now been fully repaid.

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