New Zealand Energy Corp. Provides an Update on Copper Moki Production, Its Recent Waihapa Ngaere Production Increase, and Announces 2025 Q2 Results
New Zealand Energy Corp. (TSXV: NZ) reported its Q2 2025 financial results and operational updates. The company recorded a total comprehensive loss of $2,567,631, compared to a loss of $2,100,963 in 2024, with cash holdings declining to $61,250 at quarter-end.
Key operational highlights include successful recompletion of Copper Moki-1, with combined Copper Moki-1 and Copper Moki-2 production reaching ~105 BOE/d. The Waihapa-Ngaere field resumed production in March 2025, with Ngaere-1 achieving impressive flush rates of over 400 bbls of oil in one day. Current trucking averages ~190 bbls per day.
Post-quarter, NZEC completed a $2,718,640 non-brokered private placement and terminated a $2,000,000 loan to Vliet Financing B.V.
New Zealand Energy Corp. (TSXV: NZ) ha comunicato i risultati finanziari e gli aggiornamenti operativi del secondo trimestre 2025. La societ脿 ha registrato una perdita complessiva di $2,567,631, rispetto a una perdita di $2,100,963 nel 2024, e la liquidit脿 猫 scesa a $61,250 alla chiusura del trimestre.
Tra i punti salienti operativi c鈥櫭� la recompletazione con successo di Copper Moki-1: la produzione combinata di Copper Moki-1 e Copper Moki-2 ha raggiunto circa 105 BOE/d. Il giacimento Waihapa-Ngaere ha ripreso la produzione a marzo 2025, con Ngaere-1 che ha registrato flush rate superiori a 400 bbl di petrolio in una sola giornata. Il trasporto via camion si mantiene in media intorno a ~190 bbl/giorno.
Successivamente alla chiusura del trimestre, NZEC ha completato un collocamento privato non intermediaro per $2,718,640 e ha risolto un prestito di $2,000,000 con Vliet Financing B.V.
New Zealand Energy Corp. (TSXV: NZ) inform贸 sus resultados financieros y actualizaciones operativas del segundo trimestre de 2025. La compa帽铆a registr贸 una p茅rdida integral total de $2,567,631, frente a una p茅rdida de $2,100,963 en 2024, y el efectivo se redujo a $61,250 al cierre del trimestre.
Entre los aspectos operativos clave destaca la recompletaci贸n exitosa de Copper Moki-1; la producci贸n combinada de Copper Moki-1 y Copper Moki-2 alcanz贸 aproximadamente 105 BOE/d. El yacimiento Waihapa-Ngaere reanud贸 la producci贸n en marzo de 2025, con Ngaere-1 alcanzando tasas de flujo inicial superiores a 400 bbl de petr贸leo en un d铆a. El transporte por cami贸n promedia actualmente alrededor de ~190 bbl/d铆a.
Tras el cierre del trimestre, NZEC complet贸 una colocaci贸n privada sin intermediarios por $2,718,640 y dio por terminado un pr茅stamo de $2,000,000 a Vliet Financing B.V.
New Zealand Energy Corp. (TSXV: NZ)電� 2025雲� 2攵勱赴 鞛鞁れ爜 氚� 鞖挫榿 鞐呺嵃鞚错姼毳� 氚滍憸頄堨姷雼堧嫟. 須岇偓電� 齑濏彫甏勳啇鞁� $2,567,631鞚� 旮半頄堨溂氅�, 鞚措姅 2024雲勳潣 $2,100,963 靻愳嫟氤措嫟 韥� 靾橃箻鞚搓碃 攵勱赴 毵� 順勱笀 鞛旍暋鞚� $61,250搿� 臧愳唽頄堨姷雼堧嫟.
欤检殧 鞖挫榿 靹标臣搿滊姅 Copper Moki-1鞚� 靹标车鞝侅澑 鞛檮靹标臣 頃粯 Copper Moki-1 氚� Copper Moki-2鞚� 頃╈偘 靸濎偘霟夓澊 鞎� 105 BOE/d鞐� 雼暅 鞝愳澊 鞛堨姷雼堧嫟. Waihapa-Ngaere 鞙犾爠鞚� 2025雲� 3鞗旍棎 靸濎偘鞚� 鞛皽頄堨溂氅�, Ngaere-1鞚� 頃橂（鞐� 400氚半煷鞚� 雱橂姅 齑堦赴 鞙犾稖霟�(flush rate)鞚� 旮半頄堨姷雼堧嫟. 順勳灛 韸鸽煭 鞖挫啞霟夓潃 鞚柬弶攴� 鞎� ~190 氚半煷/鞚�鞛呺媹雼�.
攵勱赴 鞚错泟 NZEC電� 欷戧皽鞚� 鞐嗢澊 歆勴枆霅� 靷 鞛愱笀臁半嫭搿� $2,718,640鞚� 臁半嫭頄堦碃, Vliet Financing B.V.鞐� 雽�頃� $2,000,000 雽�於滌潉 膦呺頄堨姷雼堧嫟.
New Zealand Energy Corp. (TSXV: NZ) a publi茅 ses r茅sultats financiers et mises 脿 jour op茅rationnelles du deuxi猫me trimestre 2025. La soci茅t茅 a enregistr茅 une perte globale de $2,567,631, contre une perte de $2,100,963 en 2024, et les disponibilit茅s en tr茅sorerie ont diminu茅 脿 $61,250 脿 la cl么ture du trimestre.
Parmi les faits marquants op茅rationnels, on note la recompletion r茅ussie de Copper Moki-1 : la production combin茅e de Copper Moki-1 et Copper Moki-2 s鈥檈st 茅lev茅e 脿 environ 105 BOE/d. Le champ Waihapa-Ngaere a repris la production en mars 2025, Ngaere-1 affichant des d茅bits initiaux impressionnants de plus de 400 bbl de p茅trole en une journ茅e. Le transport par camion se situe actuellement en moyenne 脿 environ ~190 bbl/jour.
Apr猫s la cl么ture du trimestre, NZEC a r茅alis茅 un placement priv茅 sans courtier de $2,718,640 et a r茅sili茅 un pr锚t de $2,000,000 accord茅 脿 Vliet Financing B.V.
New Zealand Energy Corp. (TSXV: NZ) ver枚ffentlichte seine Finanzergebnisse und betrieblichen Updates f眉r das zweite Quartal 2025. Das Unternehmen verzeichnete einen umfassenden Verlust von $2,567,631, gegen眉ber einem Verlust von $2,100,963 im Jahr 2024, und der Kassenbestand fiel zum Quartalsende auf $61,250.
Wichtige operative Highlights sind die erfolgreiche Recompletion von Copper Moki-1. Die kombinierte Produktion von Copper Moki-1 und Copper Moki-2 erreichte etwa 105 BOE/d. Das Waihapa-Ngaere-Feld nahm im M盲rz 2025 die Produktion wieder auf, wobei Ngaere-1 beeindruckende Flush-Raten von 眉ber 400 bbl 脰l an einem Tag erzielte. Der derzeitige Lkw-Transport liegt im Durchschnitt bei etwa ~190 bbl/Tag.
Nach Quartalsende schloss NZEC eine nicht vermittelte Privatplatzierung 眉ber $2,718,640 ab und beendete ein Darlehen in H枚he von $2,000,000 an Vliet Financing B.V.
- Copper Moki-1 and Copper Moki-2 achieving combined production of ~105 BOE/d (~90 bopd)
- Ngaere-1 well showing strong performance with over 400 bbls oil production in one day
- Successful completion of $2.72M private placement
- Termination of $2M loan liability to Vliet Financing
- Reduction in cash used in operating activities to $676,152 from $1,541,045 in 2024
- Total comprehensive loss increased to $2.57M from $2.1M in 2024
- Significant decrease in cash holdings to just $61,250
- Production rates currently limited by Waihapa Production Station capacity
- Unpredictable water arrival risk in Ngaere-1 fractured reservoir
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2025) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") announced today it has filed its condensed consolidated interim financial statements for the six months ended June 30, 2025, the accompanying management's discussion and analysis, and related certifications, which documents are available on the Company's website at and on SEDAR+ at .
Commenting on the Company's second quarter 2025 results, CEO Mike Adams said: "The results saw a total comprehensive loss of
NZEC also provides the following updates on the Copper Moki workovers and Waihapa Ngaere production.
Copper Moki Production
Copper Moki-1 was successfully recompleted with production commencing in late July 2025. Both Copper Moki-1 and Copper Moki-2 are now producing together with aggregate production rates of ~105 BOE/d (~90 bopd). These rates are improving as the wells produce out completion fluids and pump speeds are increased slowly to match reservoir inflows to pump rates.
Mr. Adams, CEO of NZEC commented: "The resumption of oil and gas production at the Copper Moki site provides the Company with reliable oil production and, importantly, a continuous supply of gas for both the Copper Moki site and the Waihapa Production Station. The supply of continuous associated gas to Waihapa unlocks the ability to return some of the Waihapa-Ngaere wells to continuous production and enable gas exports to market, which we expect to commence later in Q3."
Both Copper Moki workovers were carried out in partnership with Monumental Energy Corp. (TSXV: MNRG), as previously announced.
Waihapa Ngaere Production (JV - NZEC share
Oil and gas production from Waihapa-Ngaere recommenced in late March 2025 beginning with 4 wells operating on periodic well unloads without the use of gas-lift.
Following a successful recommissioning of the Ngaere-1 pipeline in July, production from that well re-commenced mid July 2025 with flush rates of more than 400 bbls of oil produced in one day. As a result, the field production rates are temporarily limited to the rate at which the Waihapa Production Station can hold oil in tanks onsite for stabilization and then truck oil to the port. Over the last two weeks, the trucking has averaged ~190 bbls per day (NZEC share ~95 bbls per day).
The focus for Waihapa Ngaere for the next month is to remove system bottlenecks so that the increased oil rate can be produced continuously and transported to port via the oil pipeline.
Mr. Adams, CEO of NZEC commented: "The result from Ngaere-1 is welcome and is much better than we anticipated. Nevertheless, we should keep in mind that this is a fractured reservoir, and it is near impossible to predict when water will arrive in Ngaere-1. On the other hand, Ngaere-1 is demonstrably oil bearing at 15m downdip from the Waihapa-H1 well, which does need work to be returned to continuous production. The Ngaere-1 result means that we have prioritized the Waihapa-H1 well work for implementation in the next quarter."
Subsequent to the quarter end NZEC successfully completed a non-brokered private placement of
On behalf of the Board of Directors
"Michael Adams"
CEO
New Zealand Energy Contacts
Email: [email protected]
Website:
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 news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information regarding: the business of the Company, including future plans and objectives, the Copper Moki workover project, Waihapa Ngaere production. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. This forward-looking information reflects NZEC's current beliefs and is based on information currently available to NZEC and on assumptions NZEC believes are reasonable. These assumptions include, but are not limited to: the underlying value of NZEC and its Common Shares, NZEC's current and initial understanding and analysis of its projects and the development required for such projects; the costs of NZEC's projects; NZEC's general and administrative costs remaining constant; and the market acceptance of NZEC's business strategy. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of NZEC to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; industry condition; volatility of commodity prices; imprecision of reserve estimates; environmental risks; operational risks in exploration and development; general capital market conditions and market prices for securities; delay or failure to receive board or regulatory approvals; the actual results of future operations; competition; changes in legislation, including environmental legislation, affecting NZEC; the timing and availability of external financing on acceptable terms; and lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in NZEC's disclosure documents on the SEDAR+ website at . Although NZEC has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of NZEC as of the date of this news release and, accordingly, is subject to change after such date. However, NZEC expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law
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