http://nzx-prod-s7fsd7f98s.s3-websit...122/412477.pdf
NEW ZEALAND OIL & GAS BUYS MORE OF THE MEREENIE GAS FIELD
Highlights
• Conditional acquisition of a further 25% interest in the Mereenie gas field, AmadeusBasin, NT, Australia
• Doubles Mereenie 2P Total reserves and increases NZO's net 2P Total Reserves by 41%
• Upfront payment of A$42.5m, to be adjusted for revenues and costs from 1 April 2023,and further contingent payments of up to A$9m
• 100% vendor debt facility of up to A$63m covers all purchase and transaction costs,with additional availability to fund development activity