NZEC is an oil and natural gas company engaged in the production, development and exploration of petroleum and natural gas assets in New Zealand. NZEC’s property portfolio covers more than 1 million acres of conventional and unconventional prospects in the Taranaki Basin and East Coast Basin of New Zealand’s North Island. The Company’s technical team has extensive oil and gas exploration and operations experience in New Zealand. NZEC plans to execute a technically disciplined exploration and development program focused on the onshore and offshore oil and natural gas resources in the politically and fiscally stable country of New Zealand.
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New Zealand Energy Corp. (NZEC) is a publicly-traded company (TSX-V: NZ, OTCQX: NZERF) focused on the production, development and exploration of oil and natural gas prospects in New Zealand. NZEC controls nearly 2 million acres of land comprising the largest exploration portfolio on New Zealand's north island, with both conventional and unconventional resources. In February 2014 the Company was producing light high-quality oil from nine wells, with five additional wells expected to add to production by mid Q2-2014. The Company’s oil production sells at Brent pricing.
In October 2013 NZEC completed an acquisition of strategic upstream and midstream assets that expanded its portfolio with a full-cycle production facility and three new petroleum mining licenses with independently confirmed reserves and resources.
The Company has a two-prong exploration strategy with both conventional and unconventional opportunities. Near term the Company is focused on low-cost high-reward exploration and production opportunities in the Taranaki Basin. The Company is also advancing its technical understand the East Coast Basin oil shales, with plans to commence exploration of these unconventional resources in 2014. More than 300 naturally-occurring oil and gas seeps at surface demonstrate the potential of the region.
NZEC’s leadership team includes executives and directors with management, exploration, development and production experience in the North American resource industry, and a technical team with decades of experience in New Zealand with expertise in oil and gas geology and exploration, permitting and community relations. With both conventional and unconventional prospects across nearly 2 million acres of land, NZEC is well-positioned to execute its exploration and development program and unlock the potential of New Zealand’s petroleum resources.
John Proust , CDir | Chief Executive Officer
Mr. Proust is the founder and principal shareholder of numerous public and private companies and has taken a key role and participated in a number of debt and equity financings for these companies. Mr. Proust has extensive experience in mergers and acquisitions, corporate restructuring and corporate governance. He has served on numerous boards and in several senior operating positions for both private and public companies. Mr. Proust is currently Chairman and a director of Canada Energy Partners; Chairman, CEO and a director of Southern Arc Minerals; Chairman and Interim CEO of Eagle Hill Exploration; a director of Outrider Energy; and a director of American Potash. Mr. Proust holds the designation of Chartered Director (CDir) from McMaster University, Directors College, Michael G. DeGroote School of Business.
David Robinson | CEO New Zealand Business
Mr. Robinson was CEO of the Petroleum Exploration and Production Association of New Zealand (“PEPANZ”) from December 2012 to May 2014. As CEO of PEPANZ, Mr. Robinson made a significant contribution to New Zealand’s oil and gas industry, managing key stakeholder relationships, representing the interests of oil and gas producers, explorers and service companies, and contributing to the development of government policies and legislation. Prior to joining PEPANZ, Mr. Robinson was Commercial General Manager for Z Energy, was a Director of Shell New Zealand, and held a number of senior downstream commercial positions with Shell both within New Zealand and overseas.
Derek Gardiner , CA | Chief Financial Officer
Derek joined the Company in January 2014 as Chief Financial Officer. As CFO, Derek will oversee the Company’s finance, accounting, administration and risk management activities. Derek is a New Zealand Chartered Accountant and Chartered Secretary with both a Bachelor and Master of Business Studies and more than 25 years of experience in the oil and gas industry in New Zealand, Australia and Asia. He has held senior financial, business planning and accounting positions with Origin Energy NZ, Austral Pacific Energy and a number of subsidiaries of Shell. Most recently he was Commercial & Finance Manager with Origin Energy NZ. Mr. Gardiner brings significant governance, strategy, reporting and analysis experience to NZEC. He also brings strong leadership skills and experience managing joint venture arrangements.
Mike Oakes | General Manager Operations
Mike Oakes has worked in the oil and gas industry for 33 years in Canada, Brunei, Australia and New Zealand. Commencing his career as a field technician in New Zealand, he has advanced to hold various operational, technical, safety and management positions within exploration and production companies. Mike's vast experience and technical background has resulted in him overseeing design, commissioning and startup of four oil and gas production facilities. During his three years in Canada, Mike was involved with acquisitions and mergers, and developing strategies for development of marginal oil and gas plays. Following Canada, Mike moved to Brunei where he formed his own consultancy company working for French exploration and production company Giant Total, where he was responsible for commissioning, production and engineering for the Maharaja offshore and onshore facilities. After completing six years in Brunei, Mike returned to New Zealand to work for Origin Energy as Operations Manager and Asset Manager overseeing the development and operation of Origin's oil and gas assets and production facilities in New Zealand. As General Manager Operations for NZEC, Mike will oversee exploration and will be responsible for all producing wells and operation of the Waihapa Production Station. He is also a board member of the Petroleum Skills Association of NZ (PSANZ).
Gerrie van der Westhuizen , CA | Vice President Finance
Gerrie has worked for the company since November 2012 as Vice President Finance. Gerrie oversees the Company’s regulatory financial reporting and maintains the appropriate internal controls over financial reporting. In addition, Gerrie assists the New Zealand operations team on matters related to corporate finance, treasury management, the implementation of the appropriate enterprise resource planning (“ERP”) software and enhancing various business process controls. Gerrie is a Chartered Accountant, designated in Canada and South Africa, with considerable experience in the natural resource industry, having been involved with organizations producing base, precious and alternative metals and minerals. Gerrie has held progressively senior positions within public accounting and industry and garnered significant experience in statutory reporting, including executing multiple IFRS conversion projects and championing SOX404 initiatives, equity offerings and IPOs. He has also been responsible for treasury management within complex debt structures and has managed multi-jurisdictional tax compliance and the implementation of fully integrated multi-currency ERP systems.
Rhylin Bailie , BES | Vice President Communications & Investor Relations
Rhylin Bailie manages the communications and investor relations programs for New Zealand Energy, Eagle Hill Exploration and Southern Arc Minerals as an employee of J. Proust & Associates, a public company management and venture capital company. Rhylin has more than 18 years of experience in the resource sector and brings a diverse skill set to her investor relations position. From 1995 to 2006 she was part of Placer Dome’s Finance group and managed the back office of Placer Dome’s Treasury department. She joined the investor relations team at NovaGold Resources in 2006 and assumed full responsibility for NovaGold’s investor relations and communications program in early 2010. Rhylin has also worked as a freelance editor and writer for 10 years, editing mostly academic textbooks and providing investor relations consulting and writing services to smaller resource companies. She used her environmental background to introduce a number of green initiatives at NovaGold, including a head office health and safety program, a formal corporate sustainability program and comprehensive sustainability reporting. Rhylin is a graduate of the University of Waterloo, Ontario, where she completed a Bachelor of Environmental Studies degree with a double major in Resource Studies and Biology and a minor in English. She is a Board member of the Canadian Investor Relations Institute, British Columbia Chapter.
Jonathan Bahnuik , LLB, MBA | Legal Counsel
Jonathan Bahnuik specializes in corporate and commercial law with special expertise relating to businesses in the energy sector. Currently, Jonathan serves as general counsel to several TSX-V listed corporations and sits on the board of directors of Canada Energy Partners Inc. Previously, Jonathan was a partner at a boutique corporate commercial law firm, an associate with a large national law firm and worked in-house with a major Canadian oil and gas corporation. Jonathan received a Bachelor of Law from Dalhousie University and a Master of Business Administration from the Haskayne School of Business at the University of Calgary. Jonathan is a member of both the Law Society of Alberta and the Law Society of British Columbia.
Eileen Au , BSc | Corporate Secretary
Eileen Au currently serves as Corporate Secretary to various public and private companies as an employee of J. Proust & Associates, a public company management and venture capital company. Eileen worked in the capital markets in Asia for more than 15 years, beginning her career at an international brokerage firm before moving to regional Asian firms. She is currently the Corporate Secretary of Canada Energy Partners, Southern Arc Minerals and Eagle Hill Exploration, all TSX-V listed companies. Eileen holds a Bachelor of Science degree from Acadia University.
Contact: Rhylin Bailie
Vice President, Communications & Investor Relations
|Vancouver Corporate Office
Suite 1680, 200 Burrard St.
Canada V6C 3L6
|New Zealand Corporate Office
L2, 86-96 Victoria St
PO Box 24 147
No info available.