Edison Investment Research - New Zealand Oil Gas Ltd. (NZO) QuickView: Delightfully different

Report

Edison Investment Research

QuickView: Delightfully different

New Zealand Oil & Gas (NZO) continues to position itself to deliver
shareholder value despite the volatility of the sector. With a gas offtake
agreement on Kupe (sheltering the company from oil price volatility) and
growth in production from Tui, NZO has cash-positive assets even in the
current price environment. It has leveraged its significant cash and
regional expertise to grow through acquisition and exploration.

22/07/2015 2 EN

Underlying

New Zealand Oil & Gas Ltd.

New Zealand Oil & Gas and its subsidiaries' segments are as follow: Tui area oil field, which is engaged in the development, production and sale of crude oil in the petroleum mining permit area of PMP 38158 located in the offshore Taranaki basin; Kupe oil and gas field, which is engaged in the development, production and sale of natural gas, liquefied petroleum gas and condensate (light oil) in the petroleum mining permit area of PML 38146 located in the offshore Taranaki basin; Oil and gas exploration, which is engaged in the exploration and evaluation of hydrocarbons in offshore Taranaki basin and offshore Canterbury basin, New Zealand and in Indonesia; and Cue Energy Resources Limited.

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NZNZOE0010S7 NZX New Zealand

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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