New Zealand Oil & Gas Limited (AU:ECH) has released an update.
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Echelon Resources, formerly known as New Zealand Oil & Gas, has made significant strides in 2024 by acquiring additional interests in the Mereenie field and advancing developments in the Mahato field. The company reported a net profit of NZ$3.9 million and increased operating cashflow, underscoring its commitment to sustainable growth and shareholder returns. With new exploration initiatives on the horizon, Echelon continues to position itself as a leading player in the Australasian energy sector.
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