New Zealand Energy Corp

What New Zealand Energy Corp does

New Zealand Energy Corp (TSXV: NZ) is an onshore oil and gas producer and emerging gas storage developer operating exclusively in New Zealand's Taranaki Basin, incorporated in British Columbia, Canada with its principal operations office in New Plymouth, New Zealand. The company's asset base is anchored by a 50% interest in the Waihapa production station, which serves as pipeline-connected backbone infrastructure for processing and tying in production from the Waihapa, Ngaere, Copper Moki, and Tariki fields, alongside a 50/50 joint venture with L&M Energy covering the Tariki field and Tariki Gas Storage Project. NZEC sells oil at Brent-linked pricing via trucking to New Plymouth port and gas through the Cheal processing facility and the New Zealand gas network, with a long-term offtake agreement and exclusive storage negotiation rights with Genesis Energy, New Zealand's largest electricity generator.

The company's product portfolio spans three integrated components: (1) the Tariki Gas Storage Project, a flagship development expected to convert a depleted reservoir into gas storage services with projected NZ$60M annual gross revenue (NZ$30M net to NZEC), (2) the 50%-owned Waihapa Production Station, the central processing hub for multiple fields, and (3) upstream oil and gas production across Waihapa H1, Ngaere-1, Ngaere-2, Copper Moki-1/2, and Tariki 1A/5A wells. Proprietary technology is limited to a crystal engineering chemical formula (NZ-START and NZ-FLOW) co-developed with 13 Specialty Chemicals Ltd for wax management in Taranaki heavy oil, addressing flow assurance challenges in high-wax-content reservoirs.

NZEC generates revenue primarily through transactional commodity sales of oil and gas, with a forward-looking shift toward recurring gas storage service fees once Tariki is operational. The company serves New Zealand's domestic energy market exclusively, where an isolated grid with no gas import infrastructure supports premium domestic pricing (records over US$30/mcf, spot averages around NZ$14/mcf). Its customer base is concentrated among enterprise counterparties including Genesis Energy (offtake and storage) and Cheal Petroleum (gas processing), supplemented by direct oil sales to port. Capital structure is tight at 55.87M shares outstanding (60.02M fully diluted) with market capitalization around C$27.38M as of August 2026, and the company has funded operations through a series of non-brokered private placements totaling over C$12M since 2023 with consistent insider participation from Charlestown Energy Partners and management.

Name

New Zealand Energy Corp

Legal name

New Zealand Energy Corp.

Website

https://newzealandenergy.com

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

New Zealand Energy Corp (TSXV: NZ) is a Vancouver-incorporated, New Plymouth-operating onshore oil and gas producer and gas storage developer in New Zealand's Taranaki Basin, holding a 50% stake in the Waihapa production station and a JV interest in the Tariki Gas Storage Project with L&M Energy. It sells oil and gas primarily to Genesis Energy and other domestic counterparties.

Ownership category

akta.pro rank

Product category

Oil and Gas Production

NAICS

Natural Gas Extraction (21113), Crude Petroleum Extraction (21112)

SIC

Crude Petroleum & Natural Gas (1311), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Production Operations & Artificial Lift (Surface Facilities, Compression, Flow Assurance) (EUAAAAAK)

akta.pro secondary industry

Oil & Gas Facilities Asset Management (Refining/Terminals/LNG) (EUAEAMAG)

Keywords

• Oil and gas production
• Gas storage services
• Onshore exploration
• Taranaki Basin operations
• Upstream energy assets

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Technology or R&D, Personnel

Revenue model

1. Oil and Gas Production Sales: Revenue from sale of oil and gas produced from operated fields in the Taranaki Basin. Oil is trucked to New Plymouth port for sale; gas is processed through facilities like Cheal and sold into the New Zealand spot market. Production from Waihapa, Ngaere, Copper Moki, and Tariki wells.
2. Gas Storage Services: Revenue anticipated from providing gas storage services to energy companies like Genesis Energy. Projected to generate NZ$60 million in annual gross revenue once operational, translating to approximately NZ$30 million (US$18 million) net to New Zealand Energy. Includes cushion gas and working gas storage services.
3. Equity Financing: Capital raised through non-brokered private placements of common shares. Recent financings include C$3.5 million (Feb 2026), C$2.7 million (July 2025), C$5 million (May 2024). Insiders and strategic investors participate in placements.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

New Zealand Energy Corp is an onshore oil and gas producer operating in New Zealand's Taranaki Basin, extracting and selling oil and natural gas from wells including Waihapa, Ngaere, Copper Moki, and Tariki. The company holds a 50% interest in the Waihapa Production Station, which serves as backbone processing infrastructure for its fields. The company is also developing the Tariki Gas Storage Project in partnership with Genesis Energy and L&M Energy to provide natural gas storage services for New Zealand's energy market.

Product overview

New Zealand Energy Corp operates as an onshore producing oil and gas company with a portfolio of assets in New Zealand's Taranaki Basin. The company's product offering centers on three integrated components: the Tariki Gas Storage Project (flagship gas storage development), the Waihapa Production Station (50%-owned processing infrastructure), and upstream oil and gas production from multiple fields (Waihapa, Ngaere, Copper Moki, and Tariki). The Waihapa station serves as the backbone processing infrastructure, enabling the company to quickly tie in near-term production from its various fields and sell directly to market. The Tariki Gas Storage Project represents a strategic pivot toward gas storage services, addressing New Zealand's domestic gas supply challenges.

Differentiator

Problem solved

Functional benefit

Brands

• Tariki Gas Storage Project: Gas storage development project in Taranaki Basin in collaboration with Genesis Energy and L&M Energy
• NZEC Tariki Limited

Products and services

• Tariki Gas Storage Project Flagship gas storage development project in Taranaki Basin, New Zealand, designed to provide energy security and address domestic gas shortages by converting the Tariki gas field for storage use. Developed in collaboration with Genesis Energy and L&M Energy Ltd, with projected annual gross revenue of NZ$60 million (approximately NZ$30 million net to NZEC) once operational. Targeted at energy generators, retailers, and gas industry participants in New Zealand's domestic market.
• Taranaki Basin Oil and Gas Production Oil and gas production operations across multiple assets in New Zealand's Taranaki Basin, including the Waihapa H1, Ngaere-1, Ngaere-2, Copper Moki-1, Copper Moki-2 oil wells and Tariki 1A, Tariki 5A gas wells. Oil is trucked to New Plymouth port for sale; gas is processed through the Cheal facility and transported via New Zealand's main gas network. Sold to enterprise energy counterparties and the New Zealand spot market.
• Waihapa Production Station (Processing Infrastructure) Onshore production station in Taranaki Basin, New Zealand, in which NZEC holds a 50% ownership stake. Serves as the processing hub for oil and gas from nearby wells including Waihapa, Ngaere, and Copper Moki fields. Provides pipeline-connected infrastructure enabling rapid tie-in of near-term production and direct market access for the company's output.

Quantifiable outcome

• Tariki Gas Storage Project projected to generate NZ$60 million annual gross revenue (NZ$30 million net to NZEC)
• +4 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core.

• Genesis Energy LimitedcoreStrategic or Co-development Partner · 26 November 2025Non-binding MoU executed November 2025 committing parties to collaborate exclusively on Tariki Gas Storage Project. Framework for technical studies, commercial negotiations, and project development milestones leading to final gas storage services agreement. Genesis is New Zealand's largest electricity generator and retailer.
• L&M Energy LimitedcoreStrategic or Co-development Partner50/50 joint venture partner in Tariki Gas Storage Project, Tariki field (PML 38138), and other permits. JV partner in Copper Moki and Waihapa-Ngaere license areas (PML 38140 and PML 38141). Extensive collaboration on drilling, workovers, and production operations.
• Auctus Advisors LLPcoreGTM or Marketing PartnerUK-based capital markets advisor engaged since February 2024. Provides investor relations, corporate finance advisory including M&A support, general corporate strategy and financial modelling. Total fees of C$447,750 paid under multiple engagements. Initiated equity research coverage.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• TAG Oil Ltd. TSX Venture-listed NZ-focused oil and gas E&P company with Taranaki Basin acreage. Former employer of NZEC CEO Toby Pierce, who served as CEO of TAG Oil. Same geography, same commodity, similar micro-cap profile.
• L&M Energy Limited: New Zealand-based upstream oil and gas company operating in the Taranaki Basin. 50/50 JV partner with NZEC on the Tariki field, Tariki Gas Storage Project, and Waihapa-Ngaere licenses. Comparable asset mix and size.
• East West Petroleum Corp: Canadian-listed (NEX/NEX) junior oil and gas company with NZ Taranaki Basin exploration assets. Similar small-cap Canada-listed, NZ-operating profile and comparable investor base.
• Austral Pacific Energy: TSX/AIM-listed NZ-focused onshore oil and gas E&P company with Taranaki Basin assets. Closest peer by listing geography, asset geography, and scale.

Broad incumbents

• Genesis Energy Limited: NZ's largest electricity generator and retailer; listed on the NZX. Anchor offtaker and exclusive gas storage counterparty for NZEC's Tariki project. Operates the Huntly power station and is the dominant counterparty in NZ's wholesale gas market.
• Todd Energy: Major privately held NZ upstream and midstream operator; the largest NZ-focused gas producer. COO Justin Post joined from Todd's GM Production Operations role. Overlap in Taranaki Basin operations and gas market activity.
• Contact Energy: NZX-listed integrated power generator and gas retailer in NZ. Operates gas-fired peakers and is one of the largest NZ gas buyers; comparable to Genesis as a potential offtake/storage counterpart for NZEC.
• Origin Energy: ASX-listed integrated energy company with material NZ upstream oil and gas operations (formerly via its Lattice Energy / Contact minorities). Comparable upstream-to-customer integrated business model.

Regional players

• Greymouth Petroleum: Privately held NZ onshore oil and gas operator focused on coalbed methane in the Greymouth and Taranaki basins. Similar operational geography and upstream-only profile, though serving the South Island more heavily.

Emerging players

• Mosman Oil and Gas Limited: AIM-listed micro-cap E&P company with a multi-asset portfolio. Comparable in scale, capital-markets profile, and heavy reliance on small private placements; provides a proxy for the small-E&P micro-cap end of the comparable universe.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/nzenergy
• Facebookfacebook.com/216889475024871
• LinkedInlinkedin.com/company/new-zealand-energy-corp-nz-

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds8 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Zealand Energy Corp