New Zealand Oil & Gas Limited (NZO.AX)
New Zealand Oil & Gas Limited operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Wellington, NZ. The stock last traded at $0.39, down 6.02% on the session, giving a market capitalisation of $87.3M. Its beta of -0.22 implies it has historically moved less than the broad market.
New Zealand Oil & Gas Limited (NZOG) is an energy enterprise dedicated to the full spectrum of oil and gas operations, encompassing the discovery, assessment, and extraction of hydrocarbon assets. The company's commercial activities include the production and sale of natural gas, liquefied petroleum gas (LPG), and condensate. Its cornerstone producing asset is the Kupe gas and light oil/condensate field, situated in New Zealand's Taranaki region. NZOG's operational footprint extends internationally. In Indonesia, it holds interests in the Sampang Production Sharing Contract (PSC), which features the producing Oyong oil and gas field and the Wortel gas field, both located offshore in the Madura Straight. The company also participates in the Mahato PSC, covering a significant area in the Central Sumatra basin. Within Australia, NZOG has stakes in the Mereenie gas field, the Palm Valley permit (spanning 639 square kilometers), and the Dingo gas field (covering 469 square kilometers), all part of its Amadeus Basin portfolio. Beyond its current production, the company actively conducts exploration and evaluation activities for hydrocarbons across diverse regions, including New Zealand's offshore Taranaki and Canterbury basins, as well as areas in Australia and Indonesia. Incorporated in 1981 and headquartered in Wellington, New Zealand, New Zealand Oil & Gas Limited operates as a subsidiary of O.G. Oil and Gas Singapore Pte. Ltd.
New Zealand Oil & Gas Limited is most often compared with the following Energy names: