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 1.15 million acres 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 oil and gas exploration and operations experience in New Zealand. NZEC is listed on the TSX Venture Exchange under the symbol NZ and on the OTCQX International under the symbol NZERF.
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 1.15 million acres 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 oil and gas exploration and operations experience in New Zealand. NZEC plans to execute 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.
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 1.15 million acres of conventional and unconventional prospects in the Taranaki Basin and East Coast Basin of New Zealand’s North Island. NZEC plans to execute a technically disciplined exploration and development program focused on the onshore oil and natural gas resources in the politically and fiscally stable country of New Zealand. The Company’s management team has extensive oil and gas exploration and operations experience in 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.
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 1.15 million acres 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 oil and gas exploration and operations experience in New Zealand. NZEC plans to execute 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.
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 1.15 million acres 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 oil and gas exploration and operations experience in New Zealand. NZEC plans to execute 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.
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 1.15 million acres of conventional and unconventional prospects in the Taranaki Basin and East Coast Basin of New Zealand’s North Island. NZEC plans to execute a technically disciplined exploration and development program focused on the onshore oil and natural gas resources in the politically and fiscally stable country of New Zealand. The Company’s management team has extensive oil and gas exploration and operations experience in 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.
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 1.15 million acres 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 oil and gas exploration and operations experience in New Zealand. NZEC plans to execute 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.
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 1.15 million acres 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 oil and gas exploration and operations experience in New Zealand. NZEC is listed on the TSX Venture Exchange under the symbol NZ and on the OTCQX International under the symbol NZERF.
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 1.15 million acres 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 oil and gas exploration and operations experience in New Zealand. NZEC is listed on the TSX Venture Exchange under the symbol NZ and on the OTCQX International under the symbol NZERF.
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 1.91 million acres 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, and takes a multi-disciplinary approach to value creation with a track record of successful discoveries. 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.
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 1.91 million acres 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, and takes a multi-disciplinary approach to value creation with a track record of successful discoveries. 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.
An updated copy of a PowerPoint presentation used by Eclipse to summarize and convey important information about the company's shale drilling operations in the Marcellus/Utica region.
Sonde Resources Corp. is an oil and gas exploration and production company based in Calgary, Alberta, Canada. Sonde Resources holds a global portfolio of high potential energy assets including producing oil and natural gas assets in Western Canada and offshore exploration property in North Africa.
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 1.15 million acres 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 oil and gas exploration and operations experience in New Zealand. NZEC is listed on the TSX Venture Exchange under the symbol NZ and on the OTCQX International under the symbol NZERF.
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 1.15 million acres 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 oil and gas exploration and operations experience in New Zealand. NZEC is listed on the TSX Venture Exchange under the symbol NZ and on the OTCQX International under the symbol NZERF.
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 1.15 million acres 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 oil and gas exploration and operations experience in New Zealand. NZEC is listed on the TSX Venture Exchange under the symbol NZ and on the OTCQX International under the symbol NZERF.
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 1.15 million acres 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 oil and gas exploration and operations experience in New Zealand. NZEC is listed on the TSX Venture Exchange under the symbol NZ and on the OTCQX International under the symbol NZERF.
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 1.91 million acres 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, and takes a multi-disciplinary approach to value creation with a track record of successful discoveries. 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.
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 1.91 million acres 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, and takes a multi-disciplinary approach to value creation with a track record of successful discoveries. 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.
An updated copy of a PowerPoint presentation used by Eclipse to summarize and convey important information about the company's shale drilling operations in the Marcellus/Utica region.
Sonde Resources Corp. is an oil and gas exploration and production company based in Calgary, Alberta, Canada. Sonde Resources holds a global portfolio of high potential energy assets including producing oil and natural gas assets in Western Canada and offshore exploration property in North Africa.
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 1.15 million acres 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 oil and gas exploration and operations experience in New Zealand. NZEC is listed on the TSX Venture Exchange under the symbol NZ and on the OTCQX International under the symbol NZERF.
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 1.15 million acres 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 oil and gas exploration and operations experience in New Zealand. NZEC is listed on the TSX Venture Exchange under the symbol NZ and on the OTCQX International under the symbol NZERF.
The investor presentation issued by Magnum Hunter in September 2013. We believe this slide deck, or one very similar to this one, was used at the IPAA Oil & Gas Investment Symposium in San Francisco where MH CEO Gary Evans spoke. Slides #13-#27 are of interest to Marcellus Drilling News readers as they deal with MH's Marcellus and Utica Shale drilling operations and future plans. Some great charts, maps and pictures of operations in the Marcellus and Utica Shale!
Permex Petroleum is a uniquely positioned junior oil & gas company with assets and operations across the Permian Basin of West Texas and the Delaware Sub-Basin of New Mexico. The Company focuses on combining its low-cost development of Held by Production assets for sustainable growth with its current and future Blue-Sky projects for scale growth. The Company, through its wholly owned subsidiary, Permex Petroleum US Corporation, is a licensed operator in both states, and owns and operates on private, state, and federal land.
Canamax Energy - Consolidating Micro-caps, Exploiting High Quality AssetsCanamaxEnergy
Canamax Energy Ltd is engaged in the acquisition of microcaps, and the exploitation of assets, in the oil and gas sector. With a large number of microcaps in financial distress, the company has been able to complete a series of successful acquisitions in Alberta and Saskatchewan, Canada in 2013/14.
Due to the amount of high-quality, distressed assets at this time, we anticipate continued growth by acquisition, while we also build-out existing core areas and divest of assets that do not align with strategy.
Our highly experienced Management Team and Board of Directors has a strong track record of success in the oil and gas sector. We anticipate a capital shift back to the oil industry and are actively positioning the company for the industry rebound.
Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
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Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
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Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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New Zealand Energy Corporate Presentation
1. TSX-V: NZ
OTCQX: NZERF
Waihapa Production Station
Corporate Presentation December 2, 2014
2. Cautionary Notes
Forward-looking Statements
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 “being”, “will”, “until”, “estimate”, “forecast”, “will be”, “is considering”, “will proceed”, “plans”, “reactivate”, “recommence”, “would be”, “could be”, “will bring”, “could bring”, “expected”, 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 granting of regulatory approvals; the timing for receipt of regulatory approvals; geological and engineering estimates relating to the resource potential of the Properties; the estimated quantity and quality of the Company’s oil and natural gas resources; supply and demand for oil and natural gas and the Company’s ability to market crude oil, natural gas and; expectations regarding the ability to raise capital and to continually add to reserves and resources through acquisitions and development; the Company’s ability to obtain qualified staff and equipment in a timely and cost-efficient manner; the ability of the Company’s subsidiaries to obtain mining permits and access rights in respect of land and resource and environmental consents; 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. Statements relating to “reserves and resources” are deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the resources described can be profitably produced in the future. 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. More information is available in the Company’s Annual Information Form for the year ended December 31, 2012, filed on June 17, 2013 on SEDAR at www.sedar.com.
Reserve & Resource Estimates
The oil and gas reserve and resource calculations and net present value projections were estimated in accordance with the Canadian Oil and Gas Evaluation Handbook (“COGEH”) and National Instrument 51-101 (“NI 51-101”). The term barrels of oil equivalent (“boe”) may be misleading, particularly if used in isolation. A boe conversion ratio of six Mcf: one bbl was used by NZEC. This conversion ratio is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Reserves are estimated remaining quantities of oil and natural gas and related substances anticipated to be recoverable from known accumulations, as of a given date, based on: the analysis of drilling, geological, geophysical, and engineering data; the use of established technology; and specified economic conditions, which are generally accepted as being reasonable. Reserves are classified according to the degree of certainty associated with the estimates. Proved Reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves. Probable Reserves are those additional reserves that are less certain to be recovered than proved reserves. It is equally likely that the actual remaining quantities recovered will be greater or less than the sum of the estimated proved plus probable reserves. Revenue projections presented are based in part on forecasts of market prices, current exchange rates, inflation, market demand and government policy which are subject to uncertainties and may in future differ materially from the forecasts above. Present values of future net revenues do not necessarily represent the fair market value of the reserves evaluated. Information concerning reserves may also be deemed to be forward looking as estimates imply that the reserves described can be profitably produced in the future. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause the actual results to differ from those anticipated. Contingent resources are those quantities of oil and gas estimated on a given date to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be commercially recoverable due to one or more contingencies. Contingencies may include factors such as economic, legal, environmental, political and regulatory matters, or a lack of markets. Prospective resources are those quantities of oil and gas estimated on a given date to be potentially recoverable from undiscovered accumulations. Undiscovered resources means those quantities of oil and gas estimated on a given date to be contained in accumulations yet to be discovered. The resources reported are estimates only and there is no certainty that any portion of the reported resources will be discovered and that, if discovered, it will be economically viable or technically feasible to produce. More information is available in the Company’s Form F1-101F1 Statement of Reserves Data and Other Oil and Gas Information dated April 2, 2014, which is filed on SEDAR at www.sedar.com. 2
3. Fully Integrated Upstream/Midstream Company
•
1.15 million total acres on New Zealand’s north island with both conventional and unconventional opportunities
•
97,637 acres and a full-cycle production facility in the main Taranaki Basin production fairway
•
Experienced New Zealand team with exploration and operations expertise
•
Focused on increasing production and cash flow (Q3-2014 ave. 204 bbl/d) 1
-
Optimizing production from existing wells
-
Advancing previously drilled wells to production low-cost workovers, rapid tie-in using existing infrastructure
-
New exploration opportunities across multiple prospective formations 2 3
1. Development and operating costs are to be funded initially by existing working capital and cash flows from production. To carry out all of the planned development activities, the Company is considering a number of options to increase its financial capacity, including additional joint arrangements, commercial arrangements, or other financing alternatives. 2. NZEC requires additional working capital or a funding partner to commence drilling new exploration opportunities.
4. Asset Overview – New Zealand’s North Island 4
Permit
Working Interest
Net Acres
2P boe Reserves 1
Contingent Resource 1
Prospective Resource 1
Taranaki Basin – Conventional Targets
Copper Moki
100%
944
536,000
-
-
Eltham
100%
46,444
-
-
31.6 MM bbl
Alton
65%
38,717
-
-
45.0 MM bbl
TWN
50%
11,525
1,113,000
580 M boe
11.7 MM boe
East Coast Basin – Conventional and Unconventional Targets
East Cape
100%
1,048,406
-
-
355.4 MM bbl
Total
1,146,036
1,649,000 boe 2P Reserves net to NZEC (80% oil) $57.9 million NPV (after tax, 10% discount)
1. Reserves and resources estimated by Deloitte LLP. The term barrels of oil equivalent (“boe”) may be misleading. A boe conversion ratio of six Mcf: one bbl was used by NZEC. For effective dates and estimated recovery rates, see NZEC’s most recent annual and interim reserve and resource reports filed on SEDAR in April 2014, the Reserve and Resource tables in this presentation, and the Cautionary Notes. Reserves are updated annually.
Eltham
Alton
East Cape
TWN
6. NZEC Production & Development Wells Status at September 30, 2014 6
Average Daily Oil Production During 2014 net to NZEC (bbl/d)
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
202
228
233
228
201
231
202
205
205
NZEC’s Production & Development Wells – Status at September 30, 2014
8. 8
Oil facility
•
25,000 bbl/d oil handling facility
•
7,800 bbl oil storage capacity
•
49-km 15,500 bbl/d oil sales pipeline from Waihapa to Shell’s Omata Tank Farm
Gas facility
•
45 mmcf/d separation and compression capacity
•
70 tonne/d LPG processing capacity
•
51-km 8-inch gas sales pipeline from Waihapa to New Plymouth
•
Storage bullets for LPG
Water disposal operations
•
3,600 bbl water storage capacity
•
18,000 bbl/d water injection capacity
Includes 100 acres of land providing a buffer zone surrounding the facility
Waihapa Production Station Assets Full-cycle facility with gathering and sales pipeline infrastructure
1. NZEC and L&M Energy have formed a 50/50 joint venture to explore, develop and operate the TWN Licenses and Waihapa Production Station.
9. NZEC’s TWN Management & Operational Experience 9
NZEC Position
Years Relevant O&G Experience
Years Experience with TWN Assets
Previous TWN Associated Roles
Mike Oakes, GM Operations
35+
8
NZ Asset Manager (Origin), Plant Super & Commissioning Supervisor (Fletcher Energy)
Derek Gardiner,
CFO
25
3
Commercial & Finance Manager (Origin)
Newton Cockerill,
Controller
5
5
Business Performance & Accounting Manager (Origin)
Stewart Angelo, Engineering & Maintenance Manager
25+
15
Maintenance & Engineering Consultant (Origin), Maintenance Superintendent (Fletcher Challenge)
Peter Kingsnorth, Plant Superintendent
25+
20
Shift Supervisor (Origin), Plant Operator (Fletcher Challenge and Petrocorp)
Pono Cooper, Field Superintendent
25+
5
Well Services Supervisor (Swift), Waihapa Operations Superintendent (Origin)
10. Mt. Messenger Opportunities
Drill-proven formation
•
Significant discoveries to the west (TAG: Cheal), south (NZEC: Copper Moki, Waitapu) and east (Kea: Puka)
•
Contingent resources: 88,000 bbl oil (100% basis) 1
•
Prospective resources: 2,061,000 bbl oil (100% basis) 1 Low-cost production potential in existing wells 2
•
Well information shows uphole Mt. Messenger completion potential in multiple Tikorangi wells
•
First successful uphole completion in March 2014
•
Three additional uphole completion opportunities identified to date
•
Drill pads and gathering systems in place reduced drilling expense, expedited tie-in, reduced opex New exploration opportunities 2
•
More than 18 new Mt. Messenger leads identified on 3D seismic on TWN Licenses
•
Additional drill targets on Eltham and Alton permits 10
1. Prospective resources for Mt. Messenger formation only, shown on a 100% basis. Additional ~880,000 bbl prospective resources estimated for Urenui and Moki formations. Resources attributable to NZEC at 50%. See TWN Resource Estimate and Cautionary Notes. 2. Development and operating costs are to be funded initially by existing working capital and cash flows from production. To carry out all of the planned development activities, the Company is considering a number of options to increase its financial capacity, including additional joint arrangements, commercial arrangements, or other financing alternatives. NZEC requires additional working capital or a funding partner to commence drilling new exploration opportunities.
11. Tikorangi Limestone
Drill proven formation
•
23.6 million bbl of historical production from Tikorangi on TWN Licenses
•
A number of TWN Tikorangi wells produced at IP rates in excess of 3,000 bbl/d
Drill new wells to access oil reserves 1
•
Remaining 2P reserves estimated at 1,852,700 bbl oil, 1.45 Bcf gas, 50,700 bbl NGL (100% basis) 2
•
410,300 bbl (100% basis) 2P Undeveloped Reserves attributed to crestal well 2
-
Potential crestal well location
•
Fractured limestone reservoir oil recoveries can be as high as 65% of OOIP (OIIP range estimated at 25 to 100 million bbl)
•
NZEC study indicates higher productivity within 250 metre fault buffer zone
•
Two potential locations for second well 11
1. Development and operating costs are to be funded initially by existing working capital and cash flows from production. NZEC requires additional working capital or a funding partner to commence drilling new exploration opportunities. 2. Reserve estimate completed by Deloitte LLP with an effective date of April 30, 2013. Reserves restricted to the Tikorangi Formation on the Waihapa and Ngaere Permits, attributable to NZEC at 50%. See Cautionary Note Regarding Reserve & Resource Estimates.
12. Kapuni Group
Drill-proven formation
•
Kapuni Gas Field onshore oil/gas discovery (Shell) producing since 1969
-
Estimated ultimate recovery of 1,365 billion cf (Bcf) natural gas and 66 million bbl oil
•
TWN Licences tested by four wells all encountered gas in the Kapuni Group
•
Two potential Kapuni well locations identified 1 2013 Deloitte Resource Estimate 2
•
Contingent resource: 5.0 Bcf gas, 233,000 bbl NGL (100% basis)
•
Prospective resource: 95.8 Bcf gas, 4.5 million bbl NGL (100% basis)
•
Discovered PIIP: 13.8 Bcf gas (100% basis)
•
Undiscovered PIIP: 261.1 Bcf gas (100% basis) 12
1. Kapuni exploration contingent on finding a funding partner. 2. Shown on a 100% basis, attributable to NZEC at 50%. See TWN Resource Estimate and Cautionary Notes.
14. Proprietary Merged 3D Seismic Database 14
Reprocessed datasets
•
Combined five 3D surveys
•
Total area covered (full fold) 552 km2
•
Pre-stack merge and post-stack time migration complete, pre-stack time migration underway
•
Greater geological understanding of basin reduces drilling risk by providing consistent interpretation of seismic anomalies and the correlation with production success and pool size
Volume
Vintage
Area (km2)
Kapuni
1989
305
Waihapa
1989
43
Eltham
2002
20
Brecon
2006
74
Rotokare
2012
110
ELTHAM
ALTON
WAIHAPA
NGAERE
TARIKI
16. Proprietary Merged 3D Datasets Increase Chance of Success 16
Kapuni 3D
Rotokare 3D
Reprocessed and merged 2013
17. Inventory of Taranaki Drilling Leads NZEC’s Copper Moki area converted to long-term mining license 17
Waitapu
Copper Moki
Arakamu
Wairere
Horoi site
18. 18
East Coast Basin Oil Shales
Advancing unconventional oil shales
•
Over 300 oil and gas seeps sourced back to two oil shale formations
•
NZEC has drilled three wells to take core samples from the Waipawa Black Shale 1
-
Late Paleocene
-
10-50 metres thick
-
TOC typically 2-6%, up to 12%
-
S2 typically 5-20 kg HC/t rock
-
Kerogen Type II + III
-
Shale porosity 5-10%
-
Quartz 46-56%
-
Clay 28-38%
-
Carbonate 0-4% NZEC’s East Cape Permit
•
1,048,406 acres
•
Exploration period granted to Dec 2018
•
Estimated prospective resources 2
-
Conventional: 53.3 million bbl oil
-
Unconventional: 302.1 million bbl oil
1. Technical data for Waipawa Black Shale gleaned from both NZEC’s work and other technical work in the region. 2. Resource estimate completed by Deloitte LLP with an effective date of February 1, 2011. Best estimate assuming 9% recovery for conventional resources and 2% recovery for unconventional resources. See Taranaki and East Coast Resource Estimates and Cautionary Note Regarding Reserve & Resource Estimates.
19. Common shares outstanding at November 2014
Options outstanding at November 2014 (Exercisable at average $0.55)
Warrants issued in Oct 2013 Private Placement (Exercisable at $0.45 until Oct 2015)
Fully diluted shares outstanding
170,873,459
11,938,200
24,452,173
207,263,832
Insider ownership (fully diluted)
52 Week High / Low
Average Volume (Q3-2014)
~25%
$0.325 / $0.04
~210,000 shares/day
Current market cap (November 26, 2014)
2P Reserves 1,649,000 boe
~$11 million
NPV $57.9 million 1
Financial Highlights 2
Oil produced during nine-month period ended September 30, 2014
Pre-tax revenue during nine-month period ended September 30, 2014
Cumulative third-party revenue earned from Waihapa Production Station (Nov 26, 2014)
Anticipate revenue commencing September 2014 from gas transportation agreement
Average realized oil price for nine-month period ended September 30, 2014
Field netback for nine-month period ended September 30, 2014 3
Estimated working capital (November 26, 2014) (excluding materials and supplies of ~NZ$1.9 M)
Working Capital Facility with New Dawn Energy for up to NZ$5 million 4
57,436 bbl
11.5 million
$2.3 million
TBD
$115.53 / bbl
$66.08 / bbl
$1.3 million
Corporate Profile 19
1. After tax, 10% discount. 2. As per NZEC’s Q2-2014 interim financial statements, filed on August 29, 2014. NZEC’s Q3-2014 financial statements will be released in the last week of November 2014. 3. NZEC’s wells are producing light (~40 API), high-quality oil that sells at Brent pricing. NZEC calculates its netback as the oil sale price less fixed and variable operating costs and a royalty. 4. NZEC has executed a working capital facility agreement with New Dawn Energy Limited for up to NZ$5 million, to be used for NZEC’s share of expenditures and equipment required to advance the TWN Assets, and for other working capital purposes as agreed to by New Dawn Energy. See September 24, 2014 press release.
20. Investment Highlights
•
Highly prospective property portfolio
-
1.15 million total acres on New Zealand’s north island with both conventional and unconventional opportunities
-
97,630 acres and a full-cycle production facility in the main Taranaki Basin production fairway
-
1,649,000 boe of 2P reserves with an NPV (10% discount) of $57.9 million 1
•
Focused in New Zealand, a politically and fiscally stable jurisdiction with a supportive government, excellent tax and royalty regime, and Brent oil pricing
•
Experienced New Zealand team with exploration and operations expertise
•
Focused on increasing production and cash flow 2
-
Optimizing production from existing wells
-
Opportunities to advance additional existing wells to production low-cost workovers, rapid tie-in using existing infrastructure
•
Actively engaging in opportunities to increase financial capacity NZ$5 million working capital facility with New Dawn Energy executed in Sept 2014
•
Actively seeking farm-in and joint venture partners to fund new drilling
-
Significant exploration opportunities across multiple prospective formations
-
580,000 boe of contingent resources 3
-
195,906,000 boe of prospective conventional resources 3
-
456,200,000 boe of prospective unconventional resources 3 20
1. NZEC’s share of reserves. See detailed Reserve tables and Cautionary Notes. 2. Development and operating costs are to be funded initially by existing working capital and cash flows from production. To carry out all of the planned development activities, the Company is considering a number of options to increase its financial capacity, including additional joint arrangements, commercial arrangements, or other financing alternatives. 3. Resources estimated by Deloitte LLP. Best estimate. The term barrels of oil equivalent (“boe”) may be misleading. A boe conversion ratio of six Mcf: one bbl was used by NZEC. See Resource tables and Cautionary Notes.
22. NZEC Reserve Estimate (net to NZEC) 1 22
1. Reserves on NZEC’s Copper Moki Permit are restricted to the Mt. Messenger Formation. NZEC’s on the TWN Licenses are restricted to the Tikorangi Formation in the Waihapa and Ngaere permits. See NZEC’s Form 51-101 Statement of Reserves Data dated April 2, 2014, filed on SEDAR at www.sedar.com.
Proved Developed Producing 517,000 935,000 40,000 713,000 $18,452,900 Proved Developed Non-producing 181,000 554,000 27,000 301,000 $19,574,600 Proved Undeveloped 111,000 88,000 3,000 129,000 $3,806,300 Total Proved 809,000 1,576,000 71,000 1,143,000 $41,833,800 Probable 359,000 683,000 34,000 506,000 $16,072,000 Proved + Probable 1,168,000 2,260,000 104,000 1,649,000 $57,905,800 Notes: 1. Reserve estimates calculated by Deloitte LLP with an effective date of December 31, 2013. 2. bbl – barrels. Mcf – thousand cubic feet of natural gas. boe – barrels of oil equivalent3. Reserves net to NZEC after deduction of royalty obligations to the New Zealand government and Origin Energy Resources NZ (TAWN) Limited. 4. See Cautionary Note Regarding Reserve and Resource Estimates. 3. Barrels of oil equivalent (boe) may be misleading, particularly if used in isolation. The boe conversion ratio of 6 Mcf : 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Marketable Oil and Gas ReservesAs at December 31, 2013Forecast Prices and CostsReserves CategoryLight & Medium Oil (bbl) Natural Gas (Mcf) Natural Gas Liquids (bbl) Barrels Oil Equivalent (boe) NPV, After Tax (10% Discount)
23. TWN Resource Estimate (NZEC’s 50% Interest) 1
Formation
Product Type
Low
Best
High
Contingent Resources
Miocene Sands (Mt. Messenger)
Oil (Mbbl)
17
44
101
Eocene Sands (Kapuni Group)
Gas (MMcf – sales)
1,257
2,518
5,168
NGL (Mbbl)
51
117
263
Total
BOE (Mboe)
277
580
1,225
Prospective Resources
Miocene Sands (Urenui, Mt. Messenger, Moki)
Oil (Mbbl)
803
1,471
2,866
Eocene Sands (Kapuni Group)
Gas (MMcf – sales)
21,417
47,919
113,212
NGL (Mbbl)
955
2,249
5,688
Total
BOE (Mboe)
5,327
11,706
27,422
Discovered PIIP
Miocene Sands (Mt. Messenger)
Oil (Mbbl)
164
341
700
Eocene Sands (Kapuni Group)
Gas (MMcf – raw)
3,606
6,885
13,468
Total
BOE (Mboe)
764
1,488
2,945
Undiscovered PIIP
Miocene Sands (Urenui, Mt. Messenger, Moki)
Oil (Mbbl)
5,658
10,221
18,902
Eocene Sands (Kapuni Group)
Gas (MMcf – raw)
59,491
130,540
302,930
Total
BOE (Mboe)
15,573
31,978
69,390
1. NZEC’s 50% share of TWN Resources as estimated by Deloitte with an effective date of April 30, 2013 assuming 9 to 14% recovery for oil resources and 50% for gas resources. See Cautionary Note Regarding Reserve and Resource Estimates. 23
24. Taranaki and East Coast Resource Estimates 24
Low Best High Low Best High TARANAKI BASINEltham (PEP 51150) and188.0 46,444.2 Copper Moki (PMP 55491)3.8 943.7 100% NZECConventional 1231.4 346.8 578.8 19.7 31.6 56.9 Alton (PEP 51151)156.7 38,717.4 65% NZEC / 35% L&MConventional 1224.8 493.7 1,229.7 18.9 45.0 116.9 EAST COAST BASINEast Cape (PEP 52976)4,320.0 1,048,406.3 100% NZEC Conventional 1189.8 615.7 1,997.4 14.6 53.3 195.4 Unconventional 25,747.2 13,148.1 31,838.3 110.3 302.1 906.3 Total4,668.5 1,134,511.6 6,393.2 14,604.3 35,644.2 163.5 432.0 1,275.5 Conventional 1646.0 1,456.2 3,805.9 53.2 129.9 369.2 Unconventional 25,747.2 13,148.1 31,838.3 110.3 302.1 906.3 Resources estimated by Deloitte LLP. Eltham and Copper Moki resources effective date December 31, 2011. Other resources effective date February 1, 2011.1 Assumes 9% recovery. 2 Assumes 2% recovery. Net Permit Area Net Permit Acreage Net Unrisked Undiscovered Petroleum Net Unrisked Prospective Recoverable (MM barrels of oil) (MM barrels of oil)
25. Historical Production – Tikorangi Formation
1. Select production data using publicly available information regarding wells that produced oil on the TWN Licences.
Well name 1
Max bbl/d
Total bbl produced
Ngaere-1
7,537
4,337,084
Ngaere-2
3,658
1,002,565
Ngaere-3
8,652
1,089,505
Toko-2B
298
126,286
Waihapa H-1
1,953
45,349
Waihapa-1B
4,804
4,909,317
Waihapa-2
3,182
4,798,752
Waihapa-4
2,674
2,990,189
Waihapa-5
979
91,055
Waihapa-6A
4,674
4,262,707
23.6 million bbl of historical production 1 25
26. Board of Directors 26
Name
Expertise
Experience
John Greig, M.Sc, P.Geo
Chairman
•
Founder and financier of numerous mining and oil and gas companies. Specializing in recognizing undervalued geological assets
•
Founder, Director & Officer Sutton Resources, Cumberland Resources Ltd., Eurozinc Mining Corp., Crown Resources Corp.
David Robinson, B.A, G.C.M
CEO, Director
•
Significant business and management experience in New Zealand’s oil and gas industry
•
CEO, Petroleum Exploration & Production Assoc. of New Zealand
•
Commercial General Manager, Z Energy
•
Director, other downstream commercial positions, Shell
John Proust, C.Dir
Director
•
Proven track record of building companies from grass roots to advanced development. Specializes in identifying undervalued assets on a global basis
•
Chairman, Director & CEO, Southern Arc Minerals Inc.
•
Chairman, Director & Interim CEO, Eagle Hill Exploration Corp.
•
Chairman, Canada Energy Partners Inc.
Hamish Campbell, B.Sc (Geology), FAusIMM Director
•
Professional geologist with 30 years of experience managing exploration programs, evaluation and assessment of joint ventures and acquisitions
•
Director of a number of New Zealand limited liability mineral and petroleum companies
•
Principal Indonesian mining service company
27. NZEC – Operations & Technical Team 27
Name
Expertise
Experience
Mike Oakes
General Manager
Operations
•
More than 30 years of international oil and gas experience overseeing design, commissioning and start up, staffing and operation of oil and gas fields and production facilities
•
Operations Manager, Asset Manager and Operational Excellence Advisor, Origin Energy
•
Technical Advisor, Total E&P Borneo
Stewart Angelo
Engineering & Maintenance Manager
•
25 years in oil and gas midstream assets focused around development and implementation of procedures and processes for asset management systems
•
Engineering Officer with New Zealand Merchant Navy
•
Maintenance Engineer, Fletcher Challenge
•
Director of Productive Maintenance
Dan MacDonald, B.Sc
Drilling Manager
•
Mechanical engineer with 30 years of experience
•
Drilling and completion work, design, approval and implementation of drilling programs
Toka Walden
Land Manager
•
Senior Manager, New Zealand Dept. of Conservation
•
Negotiating access provisions and facilitating resource consent process, assisting with community relationship building
Peter Kingsnorth
Plant Superintendent
•
Mechanic with over 25 years of experience in oil and gas plant commissioning and start up, staffing and operation of oil and gas fields and production facilities
•
Mechanical Supervisor, Fitzroy Engineering
•
Project Operations Lead , Ahuroa Gas Storage Facility
•
Operations Team Leader, Origin Energy
Pono Cooper
Field Superintendent
•
Extensive experience with wireline and well head surface facilities. Supervising installation of well testing facilities. Over 24 years of oil and gas experience. Experienced in waxy oil fields and pumping wells.
•
Field and Plant Operations, Shell Todd Oil Services
•
Field Supervisor, Swift Energy
•
Field and Operations Superintendent, Origin Energy
Dr. Richard Kellett, B.Sc (Hons), PhD, PGeoph
•
Geoscientist with worldwide exploration and business development experience
•
Seismic interpretation, geophysical survey design and prospect evaluation
Dr. Simon Ward, B.Sc (Hons), PhD
•
Petroleum geology related to the Taranaki and other New Zealand basins
•
Drilling risk assessment and well design
•
Production analysis and reporting, and regulatory compliance
28. Analyst Coverage 28
Company
Analyst
Contact
Credit Suisse
David Phung
403-476-6023
Dundee Capital Markets
Jessica Lindskog
44-203-440-6872
Mackie Research
Bill Newman
403-750-1297
M Partners
David Buma
416-603-7381
Prosdocimi
Dorian Prosdocimi
44-207-199-3000
29. Contact NZEC 29
Corporate Head Office
John Proust, Chief Executive Officer
Rhylin Bailie, VP Investor Relations
North America Toll-free: 1-855-630-8997
Phone: + 1-604-630-8997
New Zealand Operations Office
David Robinson, CEO New Zealand Business
Phone: + 646-757-4470
info@NewZealandEnergy.com
www.NewZealandEnergy.com