New Zealand Energy (TSE:NZ) has released an update.
New Zealand Energy Corp. (NZEC) has announced a dividend-oriented policy, with expectations of funding dividends and growth from the Tariki-5 gas well, set to be drilled later this year. The company plans to distribute at least 50% of its free cash flow to shareholders while maintaining a strong financial position. NZEC is currently finalizing a Private Placement expected to close by mid-April 2024, subject to regulatory approval.
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