1. New Zealand Energy Corp.
Corporate Presentation NewZealandEnergy.com
October 2011 TSX‐V: NZ
2. Forward‐looking Statements
New Zealand Energy Corp.
This presentation contains forward‐looking information and forward‐looking statements within the meaning of applicable securities legislation (collectively “forward‐looking statements”).
The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “propose”, “should”, “believe” and similar expressions are intended to identify forward‐
looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in
such forward‐looking statements. The Corporation believes the expectations reflected in those forward‐looking statements are reasonable, but no assurance can be given that these
expectations will prove to be correct. Such forward‐looking statements included in the presentation should not be unduly relied upon. These statements speak only as of the date of the
presentation. The presentation contains forward‐looking statements pertaining to the following: business strategy, strength and focus; proposed expenditures under “Use of Proceeds”; the
granting of regulatory approvals; the timing for receipt of regulatory approvals; the resource potential of the Properties; the estimated quantity and quality of the Corporation’s oil and
natural gas resources; projections of market prices and costs and the related sensitivity of distributions; supply and demand for oil and natural gas; expectations regarding the ability to raise
capital and to continually add to resources through acquisitions and development; treatment under governmental regulatory regimes and tax laws, and capital expenditure programs;
expectations with respect to the Corporation’s future working capital position; capital expenditure programs; and abandonment and reclamation costs. With respect to forward‐looking
statements contained in the presentation, assumptions have been made regarding, among other things: future commodity prices; the Corporation’s ability to obtain qualified staff and
equipment in a timely and cost‐efficient manner; the impact of any changes in New Zealand law; the regulatory framework governing royalties, taxes and environmental matters in New
Zealand and any other jurisdictions in which the Corporation may conduct its business in the future; the ability of the Corporation's subsidiaries to obtain subsequent mining permits, access
rights in respect of land and resource and environmental consents; the recoverability of the Corporation’s crude oil, natural gas and natural gas liquids resources; the applicability of
technologies for recovery and production of the Corporation’s oil, natural gas and natural gas liquids resources; the Corporation’s future production levels; the Corporation’s ability to
market crude oil, natural gas and natural gas liquids production; future development plans for the Corporation’s assets unfolding as currently envisioned; future capital expenditures to be
made by the Corporation; future cash flows from production meeting the expectations stated herein; future sources of funding for the Corporation’s capital program; the Corporation’s
future debt levels; geological and engineering estimates in respect of the Corporation’s resources; the geography of the areas in which the Corporation is exploring; the intentions of the
Corporation’s board with respect to the executive compensation plans and corporate governance programs described herein; the impact of increasing competition on the Corporation; and
the Corporation’s ability to obtain financing on acceptable terms, or at all. Actual results could differ materially from those anticipated in these forward‐looking statements as a result of the
risk factors set forth below and elsewhere in the presentation: the speculative nature of exploration, appraisal and development of oil and natural gas properties; uncertainties associated
with estimating oil and natural gas resources; changes in the cost of operations, including cots of extracting and delivering oil and natural gas to market, that affect potential profitability of
oil and natural gas exploration; operating hazards and risks inherent in oil and natural gas operations; volatility in market prices for oil and natural gas; market conditions that prevent the
Corporation from raising the funds necessary for exploration and development on acceptable terms or at all; global financial market events that cause significant volatility in commodity
prices; unexpected costs or liabilities for environmental matters; competition for, among other things, capital, acquisitions of resources, skilled personnel, and access to equipment and
services required for exploration, development and production; changes in exchange rates, laws of New Zealand or laws of Canada affecting foreign trade, taxation and investment; failure
to realize the anticipated benefits of acquisitions; and the other factors discussed under “Risk Factors”. Readers are cautioned that the foregoing lists of factors are not exhaustive. The
material factors and assumptions used in developing the forward‐looking statements are based on the assumptions contained in the Eltham Report, Castlepoint Report, Ranui Report and
East Cape Report (as those terms are defined in the preliminary prospectus), including future commodity prices, costs and expected inflation, as well as the Corporation’s planned capital
expenditure program, estimated drilling success rates and other prospects. Due to the nature of the oil and natural gas industry, budgets are regularly reviewed in light of the success of the
expenditures and other opportunities, which may become available to the Corporation. Accordingly, while the Corporation anticipates that it will have the ability to spend the funds
available to it as stated in the presentation, there may be circumstances where, for sound business reasons, a reallocation of funds may be prudent. Statements relating to “resources” are
deemed to be forward‐looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the resources described can be profitably produced in
the future. The forward‐looking statements contained in the presentation are expressly qualified by this cautionary statement. Except as required under applicable securities laws, the
Corporation does not undertake or assume any obligation to publicly update or revise any forward‐looking statements. None of the Corporation’s securities have been or will be registered
under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and the Corporation’s securities may not be offered or sold in the United
States unless registered or exempt from such registration requirements. This presentation does not constitute an offer of securities in the United States or in any jurisdiction in which such
an offer would be unlawful. 2
3. NZEC Investor Highlights
New Zealand Energy Corp.
• Developing and producing oil and natural gas
• First discovery well tested 1,100 barrels/day 41.8 API1 oil and 855 mcf2
natural gas advancing to commercial production in Q4‐2011
• Validated geological model exploration to repeat success
• Large conventional and unconventional prospective resource base3
• 194 million boe conventional
• 478 million boe unconventional shales
• 5 permits4 covering 2 million acres
• Low capital / high impact exploration model
• Multi‐zone basins, oil focus in Brent pricing environment
• Canadian leadership alongside New Zealand petroleum experts
Resources Production Cashflow Reserves
1. American Petroleum Institute. 2. Thousand cubic feet. 3. AJM Petroleum Consultants Net Prospective Resource (best estimate). See
Cautionary Note Regarding Resource Estimates. 4. East Cape permit pending Crown approval. 3
4. Current Capitalization
New Zealand Energy Corp.
Current Shares Outstanding 100,609,105
Options (Exercisable at $1.00) 4,828,000
Advisor Warrants (Exercisable at $1.00) 657,315
Fully Diluted Shares Outstanding 106,094,420
• ~$22 million net working capital (September 2011)
• Insider group owns ~ 40% of the fully diluted shares
NZEC Copper Moki‐1
Discovery Well
4
5. Senior Management and Directors
New Zealand Energy Corp.
John A. Greig D. Kenneth Truscott Hamish J. Campbell
Chairman, Director Director Director
(42 years experience) (30 years experience) (26 years experience)
John G. Proust Bruce G. McIntyre
CEO, Director President, Director
(26 years experience) (31 years experience)
Ian Brown Jeff Redmond Celeste Curran Rhylin Bailie
Cliff Butchko Eileen Au
Chief Operating Chief Financial VP, Corporate & VP, Communications
VP, Engineering Corporate Secretary
Officer Officer Legal Affairs & Investor Relations
(30 years experience) (10 years experience)
(30 years experience) (15 years experience) (23 years experience) (15 years experience)
• 3 Geologists • Bringing WCSB expertise, technology and past success to New Zealand
• 1 Geophysicist
• 2 Logistics Staff • New Zealand technical team with 26+ years experience providing
• 1 Office Manager
consulting services to explorers and producers, involved with most of
the major reserve accumulations 5
6. Why New Zealand?
New Zealand Energy Corp.
• Proven hydrocarbon systems
with multi‐zone potential
East Coast Basin
• Favorable royalty and tax
structure
• Brent pricing environment
• Proactive Government
approach to oil and natural gas
exploration and development
• Established infrastructure with
capacity Taranaki Basin
6
7. NZEC Asset Summary
New Zealand Energy Corp.
Taranaki Basin East Coast Basin
• Proven producing basin • World‐class resource
with conventional focus potential in multiple
• 2 permits covering shales
152,066 net acres • 1.8 million net acres
• Copper Moki‐1 Copper Moki‐1 • 2 permits issued,
discovery well 1 permit pending
discovery well tested
1,100 barrels oil/day • 478 million barrels
and 855 mcf/day unconventional
natural gas1 prospective resource4
• Over 33 prospects with • 22.3 billion barrels
66.6 million barrels OOIP1
prospective resource2
• 730 million barrels
OOIP3
1. See August 24, 2011 press release on www.newzealandenergy.com. 2. Net Prospective Resource as identified by AJM Petroleum Consultants
(best estimate) assuming 9% recovery. 3. Net Undiscovered Petroleum Initially in Place (OOIP) as identified by AJM Petroleum Consultants.
4. Net Prospective Resource as identified by AJM Petroleum Consultants (best estimate) assuming 2% recovery. 7
8. Taranaki Basin Oil and Gas Fields
New Zealand Energy Corp.
Gas Field • Taranaki Basin producing 55,000 bbl/day
Ultimate (Remaining) Reserves
Oil Field
crude oil and 460 million cf/day natural
Ultimate (Remaining) Reserves gas from 18 fields
• NZEC exploration / production model
1. Identify prospects using proprietary
database and technical expertise
2. Offset known production and reserves
3. Explore multi‐zone potential at minimal
Alton incremental cost
Eltham
• Mt. Messenger established as core
production formation with Copper
Moki‐1 discovery well, 3+ additional
~18,000 boe/d production formations identified
surrounding NZEC permits
8
9. NZEC Taranaki Seismic Database
New Zealand Energy Corp.
Taranaki Basin Focus Area Seismic Coverage
NZEC Seismic Database
• Map depicts NZEC’s in‐house database of 2D and
3D seismic covering Eltham, Alton, Cheal,
Sidewinder and offsetting pools
• NZEC in‐country technical team has organized,
reprocessed and interpreted select seismic data
• Additional 2D and 3D planned for 2012
• Extensive database allows NZEC to quickly
evaluate prospects and opportunities
Taranaki Basin (West Coast) Seismic Coverage
• 2D: 60,666 km
• 3D: 5,702 km2
East Coast Basin Seismic Coverage
• 2D: 14,535 km
• 3D: 1,390 km2 9
10. 2011 Taranaki Activity
New Zealand Energy Corp.
TAG Oil NZEC
Copper Moki‐1 oil and
Sidewinder light oil natural gas discovery,
and gas production commercial
production from
Mt. Messenger in
Q4‐2011
Cheal area oil and Q4‐2011
gas production • Copper Moki‐2:
Mt. Messenger and
Urenui formations
• Copper Moki‐3:
Mt. Messenger,
TAG embarking on Urenui and Moki
10‐well development formations
drilling campaign Alton Permit:
3D seismic survey to
confirm 2012 drilling
targets 10
11. Copper Moki‐1 Discovery
New Zealand Energy Corp.
Seismic Cross Section Cheal ‐ Copper Moki ‐ Taranaki Thrust Fault Zone
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12. Copper Moki Area Exploration Strategy
New Zealand Energy Corp.
• Mt. Messenger 3D seismically
defined targets in yellow
• Deeper Moki Formation seismically
defined targets in orange
• NZEC strategy is to locate wells that
will test Mt. Messenger development
targets with deeper exploration
potential
• Red lines show CM‐1 and tracks for
CM‐2 and CM‐3
12
13. Taranaki Basin Exploration Strategy
New Zealand Energy Corp.
• Discovery well tested 1,100 barrels of oil and
855 mcf natural gas per day
• Validates NZEC geological interpretation
• Clear plan for repeated success in
Mt. Messenger formation
• 3D seismic has defined 6 targets on trend
• 2D seismic yields 12 targets refine with 3D
• Up to 1 million boe potential per well
• >$60 netbacks
• Multi‐zone targets de‐risk exploration
• Drill to highly probable targets defined by 3D
• Drill deeper in same well to examine potential
of other zones low incremental capital
13
14. Copper Moki Path to Production
New Zealand Energy Corp.
• Copper Moki‐1 extended production test to determine optimal flow
rates and insight into reservoir characteristics
• Commercial production from Copper Moki‐1
• Repeat success of Copper Moki‐1
• Drill Copper Moki‐2 and Copper Moki‐3 in Q4‐2011
• Additional targets based on 3D seismic in 2012
Prospective Resource
NZEC Taranaki Prospects OOIP1
(9% Recovery Factor)2
Greater Copper Moki Area 124.0 mmboe 10.7 mmboe
Kapuni / Kupe Trend 86.7 mmboe 7.8 mmboe
Waihapa / Rimu / Kauri Trend 350.0 mmboe 31.5 mmboe
Other NZEC Prospects 168.8 mmboe 16.6 mmboe
TOTAL 729.5 mmboe 66.6 mmboe
1. Net Undiscovered Petroleum Initially In Place (OOIP) as identified by AJM Petroleum Consultants
2. AJM Petroleum Consultants Net Prospective Resource (best estimate)
14
15. East Coast Basin
New Zealand Energy Corp.
• Over 300 known oil and gas seeps
sourced back to two shale formations
• East Coast Basin shales analogous to
North American producing shales
• Apache has joint ventured on offsetting
permits
• NZEC has two granted permits and one
pending permit covering more than
1.8 million acres
• Exposure to 22.3 billion bbl OOIP1
• 478 million boe of unconventional
prospective resource2
• 126 million boe of conventional
prospective resource2
1. Net Undiscovered Petroleum Initially In Place (OOIP) as identified by AJM
Petroleum Consultants.
2. AJM Petroleum Consultants Net Prospective Resource (best estimate) assuming
2% recovery.
15
16. East Coast Basin Shale Potential
New Zealand Energy Corp.
• NZEC has completed two core holes to evaluate the Waipawa
shale results by year end
Waipawa Whangai Bakken Lias
Willesden / North
East Coast / New East Coast / New
Basin / Jurisdiction Dakota & Paris / Fran
Zealand Zealand
Saskatchewan
Quartz Content (%) 40 ‐ 80 40 ‐ 80 40 ‐ 60 26 ‐ 58
Carbonate Content (%) 5 ‐ 40 5 ‐ 40 10 ‐ 20 n.a.
Clay Content (%) Unknown Unknown 5 ‐ 20 n.a.
Depth (meters) 0 ‐ 5,000 0 ‐ 5,000 2,700 ‐ 3,500 1,650 ‐ 3,5
Thickness (meters) 10 ‐ 70 300 ‐ 600 10 ‐ 50 1 ‐ 50
Porosity (%) 3 ‐ 8 3 ‐ 8 4 ‐ 12 4 ‐ 10
Permeability (microdarcies) 10 ‐ 200 10 ‐ 110 5 ‐ 1,000 50 ‐ 500
Kerogen Type Type II Type II Type II Type II
TOC (%) 3.0 ‐ 12.0 0.2 ‐ 1.7 1.0 ‐ 21.0 1.0 ‐ 12.0
Vit Reflectance (R) 0.3 ‐ 0.4 0.4 ‐ 1.4 0.7 ‐ 1.1 0.5 ‐ 1.3
Tmax (Celsius) 430 ‐ 445 420 ‐ 445 420 ‐ 450 445 ‐ 450
Late Cretaceous /
Geologic Age Late Paleocene Upper Devonian Jurassic
Paleocene
Source: AJM Petroleum Consultants 16
15
17. East Coast Basin – Ranui‐1 Re‐entry
New Zealand Energy Corp.
Ranui‐1 Well – Extend to Bottom of Whangai
• Drilled in 2008, encountered 200+ metres of
prospective pay in Whangai shale
• NZEC will re‐drill and core well in Q4‐2011
• Identify shale characteristics to unlock production
potential
• Ranui Permit
• 969.0 million boe unconventional OOIP1
• 22.5 million boe unconventional prospective resource2
Ranui‐1 Well
1. Net Undiscovered Petroleum Initially In Place (OOIP) as identified by AJM Petroleum Consultants
2. AJM Petroleum Consultants Net Prospective Resource (best estimate) assuming 2% recovery
17
18. East Coast Basin Value Drivers
New Zealand Energy Corp.
• Advance technical understanding
of shale targets
• Q3‐2011 – Completed two
stratigraphic wells on Castlepoint
Permit, results pending
• Q4‐2011 – Re‐drill Ranui‐1 well to
collect data and evaluate full
extent of shale formation
• 2012 – Shoot 50km of 2D seismic
on Castlepoint Permit, reprocess
existing data, determine Ranui‐1
development plans
• Apply modern North American
technology to unlock production
potential
18
19. Rapidly Executing on Corporate Milestones
New Zealand Energy Corp.
Aggressive and Efficient Strategy to Become Major Oil & Gas Player
2010 2011
• NZEC founded April • $7M private placement @ $0.25
• Castlepoint Permit • Drilled and cased Copper Moki‐1
• East Cape Permit • $5.3M private placement @ $0.75
Application • Ranui Permit, Eltham Permit
• Eltham Permit • Acquired NZ technical team
Application • Alton Permit
• $21.9M IPO @ $1.00
• Trading on TSX‐V
• Copper Moki‐1 results
• Drilled 2 strat wells in East Coast shales
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20. Near‐term Value Drivers
New Zealand Energy Corp.
• Copper Moki‐1 Well (Mt. Messenger and Urenui formations)
• Long‐term production test
• Achieve commercial production in Q4‐2011 = cash flow
• Copper Moki‐2 Well (Mt. Messenger and Urenui formations)
• Copper Moki‐3 Well (Mt. Messenger, Urenui and Moki formations)
• Re‐drill Ranui‐1 Well to evaluate shale opportunities
• Use in‐country expertise to target strategic acquisition and
exploration targets
• Use North American expertise to advance prospects to production
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22. 2011 Taranaki Activity
New Zealand Energy Corp.
TAG Oil Ltd. New Zealand Energy Corp.
Q3‐2011: NZEC Copper Moki‐1 Well
TAG’s Sidewinder light oil & gas • 48‐hour test flowed 41.8 API oil at
discovery consistent rate of 1,100 barrels/day and
• Sidewinder‐1, 2, 3 & 4 flowed natural gas 855 mcf natural gas/day1
with light oil • Oil test volumes sold at premium to
• Total flow rate approx 5,065 boe4/day Brent
(30.39 million cf natural gas/day
2011 Program – Greater Cheal Area
• Copper Moki‐1: Commercial production
TAG’s Cheal Area oil & gas
in Q4‐2011
discoveries • Copper Moki‐2: Q4‐2011 drill through
• Targeting multi‐zone Miocene prospects Mt. Messenger and Urenui formations
• Discoveries in Urenui, Mt. Messenger Eltham • Copper Moki‐3: Q4‐2011 drill through
and Moki formations Permit Alton Mt. Messenger, Urenui and Moki
• Producing approx 850 boe4/day Permit formations
May 2011: NZEC acquires 50%
TAG’s 2011 Program Interest & Operatorship in Alton
• Six successful exploration wells Permit
• Embarking on 10‐well development • 59,600 net acres in Taranaki Basin
drilling campaign • 380 million bbl net OOIP3
Rimu
• 35 million bbl net prospective resource2
1. See August 24, 2011 press release. 2. Net Undiscovered • 3D seismic survey to confirm 2012
Petroleum Initially In Place (OOIP) as identified by AJM
Petroleum Consultants. 3. AJM Petroleum Consultants Net
Kauri drilling targets
Prospective Resource (best estimate). 4. BOE conversion rate of
6mcf:1bbl is based on energy conversion method and does not
represent value equivalency at the wellhead.
22
23. Management
New Zealand Energy Corp.
Name Expertise Experience
• Proven track record of building companies from grass • Chairman, CEO & Director, Southern Arc Minerals Inc.
John G. Proust, C.Dir
roots to advanced development. Specializes in • Chairman, Canada Energy Partners Inc.
CEO
identifying undervalued assets on a global basis • Executive Chairman, Superior Mining International Corp.
• President, CEO Sebring Energy Inc.
Bruce G. McIntyre, • Professional petroleum geologist with over 30 years of
• President, CEO TriQuest Energy Corp.
P.Geol. proven exploration and development oriented value
• President, CEO BXL Energy Ltd.,
President creation
• Exploration Manager Gascan Resources Ltd.
• Director, Ian R Brown Associates Ltd since 1985
Ian R. Brown, DEng
• Professional geological engineer • Director, Hugh Green Energy Ltd
MIPENZ
• Management of technical teams • Consultant on many resource appraisal and development
Chief Operating Officer
projects in New Zealand
• Professional engineer with over 30 years experience • President Omni Oil and Gas Inc.
Cliff Butchko
evaluating and managing oil and gas resources • Vice President Lexoil Inc.
P.Eng, MBA (Hon)
• Partner and Co‐founder TIFF advisory group
VP Engineering
• Senior technical positions in several resource companies
• Former Director of Finance, acting CFO for Western Coal Corp
Jeff Redmond, CA • Finance, mergers & acquisitions, and taxation
• Controller for hi‐tech publicly listed company
Chief Financial Officer • Public company reporting and assurance
• Auditor with KPMG LLP
Celeste M. Curran, • Vice President, Corporate & Legal Affairs, J. Proust & Associates
B.A. (Hon), L.L.B. • Over 20 years of legal and negotiating experience • Lead counsel for City of Vancouver and City of Richmond for the
VP Corporate & Legal specializing in major projects 2010 Olympic and Paralympic Winter Games
Affairs • Senior Solicitor, City of Vancouver
Rhylin Bailie, B.ES. • Nearly 16 years of experience in the resource industry, • Director Communications & Investor Relations, NovaGold
VP Communications & in both finance and investor relations Resources Inc.
Investor Relations • Professional writer and editor • Supervisor Treasury Administration, Placer Dome Inc. 23
24. Directors
New Zealand Energy Corp.
Name Expertise Experience
John A. Greig, • Founder and financier of numerous mining
• Founder, Director & Officer Sutton Resources, Cumberland
M.Sc., P.Geo and oil and gas companies. Specializing in
Resources Ltd., Eurozinc Mining Corp., Crown Resources Corp.
Chairman recognizing undervalued geological assets
• Proven track record of building companies
John G. Proust, C.Dir. • Chairman, CEO & Director, Southern Arc Minerals Inc.
from grass roots to advanced development.
CEO • Chairman, Canada Energy Partners Inc.
Specializes in identifying undervalued assets
Director • Executive Chairman, Superior Mining International Corp.
on a global basis
• President, CEO Sebring Energy Inc.
Bruce G. McIntyre, • Professional petroleum geologist with over
• President, CEO TriQuest Energy Corp.
P.Geol. 30 years of proven exploration and
• President, CEO BXL Energy Ltd.,
President, Director development oriented value creation
• Exploration Manager Gascan Resources Ltd.
• Senior executive with over 30 years of
• Senior Vice President, Land & Business Development
D. Kenneth Truscott corporate development and negotiation
Crew Energy Inc.
Director experience in the Canadian oil and gas
• Founder, CEO Morpheus Energy Corp.
industry
Hamish J. Campbell • Professional geologist with 30 years of • Director of a number of New Zealand limited liability mineral
B.Sc. (Geology), experience managing exploration programs, and petroleum companies
MAusIMM evaluation and assessment of joint ventures • Principal Indonesian mining service company
Director and acquisitions • Executive Vice President, Southern Arc Minerals Inc.
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25. New Zealand Technical Team
New Zealand Energy Corp.
Name Qualifications Expertise
Dr. Ian Brown D. Eng Chief Operating Officer; professional geological engineer
B.Sc,
June Cahill Acquisition, management, and analysis of complex geoscience data
B. Applied Econ.
B.Sc (Hons)
Bill Leask Petroleum geology related to the East Coast and other New Zealand basins
M.Sc (Hons)
B.Sc (Hons)
Dr. Simon Ward Petroleum geology related to the Taranaki and other New Zealand basins
Ph.D
Ian Calman B.Sc (Hons) Seismic data acquisition, processing, and interpretation
B.Sc
Sam Pryde Geological investigations in the East Coast basin area
Post. Grad. Dip.
B.E, B.Sc (Hons) Management and development of computing resources for geoscience
Peter Wood applications
M.Sc (Hons)
25
26. Exploration & Development Budget
New Zealand Energy Corp.
$19.7 million exploration and development plan – Year 1
• Achieve commercial production from Copper Moki‐1 well
• Drill and evaluate 2 additional Taranaki wells
• Re‐drill, core and evaluate Ranui‐1 well
12 MONTH USE OF PROCEEDS ($000s)
Copper Moki‐2
CM‐1 Completion Copper Moki‐3
Talon‐1 Ranui‐1 5 Wells Total
Q3 Q4 Q1 Q2
Sept 30'11 Dec 31'11 Mar 31'12 Jun 30'12 Next 4 Q's
Eltham Permit 51150 5,050 1,550 ‐ ‐ 6,600
Alton Permit 51151 4,500 2,000 ‐ ‐ 6,500
Ranui Permit 38342 2,500 675 ‐ ‐ 3,175
Castlepoint Permit 52694 250 250 125 ‐ 625
East Cape Permit 52976 150 140 ‐ 290
‐
Acquisition Opportunities 2,500 ‐ ‐ 2,500
‐
Corporate G&A 767 787 920 892 3,366
13,067 7,912 1,185 892 23,056 26
27. New Zealand Market for Oil and Gas
New Zealand Energy Corp.
New Zealand Market for Oil Oil Infrastructure
• Significant net importer of oil
Shell Operated
• Production of ~55,000 bbl/d exclusively from the Export Hub
Taranaki Basin
• Current demand is ~150,000 bbl/d
• Premium pricing environment
• NZEC oil production sold at Brent
• Premium to WTI
New Zealand Market for Gas
• Demand and infrastructure supported 460 million cf/d of
production and sales within domestic marketplace in 2009
• Excess demand environment
• Methanex methanol production facility at 40% capacity,
Source: IEA
requires additional ~120 million cf/d for full capacity
27
28. Alton Permit Prospects
New Zealand Energy Corp.
Talon‐1 well drilled in Q3‐2011
• Intersected 75 metres of good Manutahi reservoir but only minor
amounts of natural gas – well will not be completed
Refining 2D targets with 3D seismic survey to confirm 2012
exploration program
Alton Permit
Working Interest 50%
Net Permit Acreage 59,600
Resources – Recoverable(1) 34.6 million bbl
Year 1 Planned Capex $6.5 million
Target Depth 1,500‐2,500 metres
Net Resources
Alton Key Prospects (2) Well Spud Target Fm. Recoverable(1)
1) Horoi 2012 Mt Messenger/Urenui 9,435
2) Morea 2012 Mt Messenger/Urenui 6,701
3) Ohangai TBD Mt Messenger/Urenui 5,834
4) Makaria TBD Manutahi 824
(1)Resource estimates based on May 2011 AJM report P50 Best Estimate and represent prospective resources for each
lead that have not been adjusted for risk based on chance of discovery or chance of development. Figures shown as mstb.
(2)“Lead” is geologically based information which indicates potential for hydrocarbon bearing formations. Additional
technical information is required to confirm the lead prior to drilling a well.
28
29. Eltham Permit Prospects
New Zealand Energy Corp.
• Copper Moki‐1 discovery well completed in August 2011,
advancing toward Q4‐2011 production
• Remainder of 2011 program includes
• Advancing Copper Moki‐1 into production
• Drilling Copper Moki‐2 and Copper Moki‐3
• Acquiring and processing 50 km of 2D seismic data
Eltham Permit
Working Interest 100%
Net Permit Acreage 92,467
Resources ‐ Recoverable (1) 32.1 million bbl
Year 1 Planned Capex $6.6 million
Target Depth 1,500 ‐ 2,500 metres
Well Resources ‐
Eltham Key Prospects(2) Spud Target Fm. Recoverable(1)
1) Copper Moki Discovery 2011 Mt. Messenger / Moki 872
3) Ararata 2012 Moki 433
4) Inaha 2012 Kiore 12,770
5) Tangahoe 2012 Moki 6,914
6) Rawhitiroa TBD Mt. Messenger 2,832
7) Maata TBD Mt. Messenger 146
8) Karimoi TBD Moki 2,362
21 Additional Ancillary (2) Mt. Messenger / Moki 899
(1) Resource estimates based on March 2011 AJM report P50 Best Estimate and represent prospective resources for
each lead that have not been adjusted for risk based on chance of discovery or chance of development. Figures
shown as mstb.
(2) "Lead" is geologically based information which indicates potential for hydrocarbon bearing formations. Additional
technical information is required to confirm the lead prior to drilling a well.
29
30. Cautionary Note Regarding Resource Estimates
New Zealand Energy Corp.
A prospective resource is defined as those quantities of petroleum estimated, as of a given date,
to be potentially recoverable from undiscovered accumulations by application of future
development projects. Prospective resources have both an associated chance of discovery and a
chance of development. Prospective resources are further subdivided in accordance with the
level of certainty associated with recoverable estimates assuming their discovery and
development and may be sub‐classified based on project maturity. There is no certainty that any
portion of the resources will be discovered. If discovered, there is no certainty that it will be
commercially viable to produce any portion of the resources.
30
31. Contact New Zealand Energy Corp.
New Zealand Energy Corp.
Vancouver Office
Rhylin Bailie
Vice President, Communications & Investor Relations
+ 604‐601‐2010
info@newzealandenergy.com
New Zealand Office
+ 64‐4‐471‐1464
Toll‐free 0800‐469‐363
www.newzealandenergy.com
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