Precio New Zealand Energy Corp (NZERF)

New Zealand Energy Corp. engages in acquisition, exploration, development, and production of conventional oil and natural gas resources. The company is headquartered in New Plymouth, North Island. The company went IPO on 2011-08-04. The Company, through its subsidiaries, is engaged in the exploration, appraisal, development, and production of oil and natural gas, as well as the operation of midstream assets, in New Zealand. The firm conducts its business as a single segment being the acquisition, exploration, appraisal, development and production of conventional oil, and natural gas resources in New Zealand. The Company’s geographic segment is New Zealand. The firm produces petroleum from Waihapa and Ngaere wells in the TWN Petroleum Mining Licenses and from the Copper Moki wells in the Copper Moki Mining Permit. The Waihapa Ngaere wells produce oil and gas from the fractured Oligocene Tikorangi Limestone at a depth of approximately 2700 meters.