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New Zealand Oil & Gas Limited
(OTC:ECH)
New Zealand Oil & Gas Limited (ECH) vs. iShares MSCI Australia ETF (EWA)
New Zealand Oil & Gas Limited Business Overview & Revenue Model
New Zealand Oil & Gas Limited Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2021 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 124.19M | 92.87M | 83.81M |
| Gross Profit | 122.89M | 94.14M | 84.15M |
| EBITDA | 53.56M | 31.91M | 36.58M |
| Net Income | 3.48M | 3.93M | 17.16M |
Balance Sheet | |||
| Total Assets | 323.75M | 332.64M | 282.36M |
| Cash, Cash Equivalents and Short-Term Investments | 39.63M | 42.29M | 64.59M |
| Total Debt | 51.57M | 53.00M | 0.00 |
| Total Liabilities | 155.24M | 157.76M | 119.95M |
| Stockholders Equity | 144.78M | 155.44M | 148.65M |
Cash Flow | |||
| Free Cash Flow | 51.91M | 33.57M | 22.28M |
| Operating Cash Flow | 0.00 | 0.00 | 0.00 |
| Investing Cash Flow | -37.64M | -67.35M | -63.58M |
| Financing Cash Flow | -22.92M | 36.82M | 24.75M |
New Zealand Oil & Gas Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$80.47M | 12.78 | 10.27% | 13.04% | 10.44% | -55.67% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | AU$76.14M | 23.94 | ― | 6.72% | ― | ― | |
50 Neutral | AU$256.56M | -53.23 | -3.58% | ― | ― | 22.50% | |
46 Neutral | AU$99.85M | -16.67 | -7.73% | ― | ― | 17.02% |
New Zealand Oil & Gas Limited Corporate Events
New Zealand Oil & Gas Limited has disclosed a change in the interests of director Andrew Jefferies in Echelon Resources Limited, reflecting an adjustment to his equity-based remuneration. On 22 December 2025, Jefferies was granted 675,257 additional options to acquire ordinary shares in Echelon Resources at an exercise price of A$0.43 per option under the company’s Employee Options Plan, increasing his total unquoted options holding to 3,157,825 while his holding of 50,000 listed ordinary shares remains unchanged. The move underscores the company’s continued use of option-based incentives to align director and executive interests with long-term shareholder value, modestly increasing Jefferies’ potential future stake in the business.
Echelon Resources Limited has notified the market of the issue of 3,830,126 unquoted options to acquire ordinary shares, granted on 18 December 2025 under an employee incentive scheme. The move expands the company’s pool of unquoted equity linked to staff incentives, signalling an ongoing reliance on equity-based compensation that may modestly dilute existing shareholders over time while seeking to align employees’ interests with long-term company performance.
Horizon Oil Limited and its Mereenie Joint Venture partners have signed a Letter of Intent with the Northern Territory’s Power and Water Corporation to accelerate drilling of two wells and secure long-term gas supply agreements. The initiative aims to commence drilling by mid-2026, with plans to supply additional gas volumes to the market quickly, enhancing energy security in the region. The agreements are expected to support gas demand in the Northern Territory through 2034, with preparations for the drilling program already well underway.
Central Petroleum Limited and its joint venture partners have signed a binding Letter of Intent with the Northern Territory’s Power and Water Corporation to initiate an accelerated drilling program and establish long-term gas supply agreements from the Mereenie and Palm Valley fields. The agreement aims to increase gas supply significantly, enhancing energy security in the Northern Territory by mid-2026, with the potential to meet over 20% of the region’s gas demand. This initiative not only supports the drilling program but also secures a reliable income stream for Central Petroleum, backed by government agreements, without exposure to the Northern Gas Pipeline operations.
Echelon Resources Limited has received a Writ of Summons from Triangle Energy, alleging a breach of the L7/EP437 Farmout Agreement due to Echelon’s withdrawal from the permits. Echelon disputes these claims, citing a lack of prospectivity and no obligation to drill a second well. The company views Triangle’s actions as a tactical move rather than a substantive dispute. Echelon remains focused on long-term value creation and plans to address the proceedings appropriately.
Echelon Resources Limited held its Annual Meeting where shareholders voted on two key resolutions. The election of Mr. R Ritchie as a Director was approved with 98.25% support, and the Board was authorized to fix the auditor’s remuneration with 99.90% approval. These decisions reflect strong shareholder confidence and are expected to support the company’s ongoing exploration and development activities.
Echelon Resources Limited reported a strong financial performance in 2025, with significant increases in cashflow, NPAT, and production. The company’s geographically diverse portfolio, spanning Australia, Indonesia, and New Zealand, continues to offer growth opportunities. Echelon is advancing its exploration and production activities, particularly focusing on the Amadeus Basin and the promising EP145 permit. The company is strategically positioned to meet growing energy demands in Central Australia, driven by mining, LNG exports, and industrial needs, while maintaining its commitment to a low-carbon future.
Echelon Resources Limited has reported a year of significant progress, marked by solid financial results and strengthened reserves. The completion of two new development wells in the Amadeus Basin exceeded expectations, enhancing field performance. The company also finalized the acquisition and transfer of operatorship for EP145, marking a return to exploration operatorship. Echelon maintained strong operational and financial performance, supported by steady production from its assets in the Amadeus fields, Indonesia, and New Zealand, resulting in continued profitability and dividend payments. The company remains focused on sustainability, strengthening its reporting standards and continuing its partnership with the Salk Institute’s Harnessing Plants Initiative. Echelon is positioned for future growth with plans for a 3D seismic campaign in 2026.
Echelon Resources Limited, a company involved in the exploration and development of petroleum resources, is focused on advancing its low-carbon initiatives in the Northern Territory. The company is not making any offers or providing financial advice in its latest presentation, which outlines its current activities and future prospects. Echelon emphasizes that the information is subject to change and should not be relied upon as an indication of future performance. The company remains committed to regular reviews and market announcements regarding any material changes in its operations.
Echelon Resources Limited, operating in the oil and gas industry, focuses on optimizing value from existing assets and exploring new growth opportunities. The company reported a slight decline in production volumes due to natural field decline and operational activities, but this was offset by an 8% increase in production at Maari and Mahato. The quarter saw significant achievements, including reserves upgrades, two new wells at Mahato, and the highest production at Maari in five years. The company paid a total dividend of A$3.5 million and made progress on planning and approvals for EP145, indicating potential for future growth.
Central Petroleum Limited has signed a new gas supply agreement with McArthur River Mining Pty Ltd to provide 1.3 Petajoules of gas over two years starting from December 31, 2025. This agreement, which includes take-or-pay provisions and a fixed price, enhances cash flow certainty for Central and ensures that all expected firm gas production over the next two years is contracted. The deal leverages Central’s existing supply portfolio and strengthens its market position amidst current gas market uncertainties.
Echelon Resources Limited has announced a gas supply agreement through the Mereenie joint venture with McArthur River Mining Pty Ltd for 2.1 Petajoules of firm gas, with additional ‘as available’ gas to be supplied in 2026 and 2027. This agreement, which includes take-or-pay provisions and a price indexed to CPI, strengthens Echelon’s position in the energy market by providing critical gas inputs to a significant mining operation, potentially enhancing stakeholder value and operational reach.
Echelon Resources Limited has announced its 2025 Annual Meeting, which will be held virtually on November 18, 2025. The meeting will include addresses from the Chair and CEO, shareholder questions, and voting on ordinary resolutions, including the election of Mr. R Ritchie as a director and the authorization of the board to fix the auditor’s remuneration. The board recommends shareholders vote in favor of Mr. Ritchie’s election, highlighting his extensive experience in the oil and gas industry. Shareholders can participate in the meeting through online attendance, postal voting, or by appointing a proxy.