New Zealand Energy (TSE:NZ) has released an update.
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New Zealand Energy Corp. reported a comprehensive loss of $2.1 million in Q2 2024, despite an increase in cash holdings and ongoing efforts in their Tariki gas development project. The company has secured gas processing and transmission contracts to facilitate sales post-completion of the new well and has established a sales agreement with Genesis Energy Ltd for Tariki gas, signaling a future business relationship.
For further insights into TSE:NZ stock, check out TipRanks’ Stock Analysis page.
