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New Zealand Oil & Gas Limited ( (AU:ECH) ) has provided an announcement.
New Zealand Oil & Gas Limited reported a 34% increase in revenue to $115.3 million for the year ended 30 June 2025, driven by the acquisition of an additional 25% interest in the Mereenie field and successful drilling operations. Despite a decrease in net assets and cash position, the company declared a total dividend of AUD 5.0 million for the year, reflecting its commitment to returning value to shareholders.
More about New Zealand Oil & Gas Limited
New Zealand Oil & Gas Limited operates in the energy sector, primarily focusing on oil and gas exploration and production. The company has a significant presence in the Australian market, aligning its strategic direction with the region’s economic environment.
Average Trading Volume: 12,805
Technical Sentiment Signal: Sell
Current Market Cap: A$77.26M
For an in-depth examination of ECH stock, go to TipRanks’ Overview page.