New Zealand Oil & Gas has reported an increase in production and production receipts for the quarter ending September 2023.
Production was up 2% from the previous quarter, while production receipts increased by 25%.
The company also saw a 16% increase in its cash balance, which stood at NZ$42.4 million.
In terms of operations, the KS-9 rig is being moved to site, and the company is conducting a study on helium recovery at the Mereenie site.
The South32 Gas Sales Agreement has also been extended.
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