New Zealand Energy(OTC) NZERF

New Zealand Energy Corp. is focused on the exploration and production of oil and natural gas resources within New Zealand. The company operates a diverse portfolio of permits, including multiple petroleum mining licenses and exploration permits.

Products and Services

• Exploration and production of oil and natural gas
• Management of midstream infrastructure assets
• Petroleum mining and exploration permits

Growth Outlook

• Recent quarterly revenue of $662,689 shows potential for growth
• Estimated proved and probable oil reserves of 696,500 barrels
• Strategic focus on expanding permit portfolio in New Zealand

Financial Highlights

• Trailing twelve months (TTM) revenue of $2,000,000 indicates steady performance
• Recent quarterly net income loss of $1,657,055 reflects ongoing challenges
• Current ratio of 1.31 suggests adequate short-term financial health

New Zealand Energy Corp. operates primarily in the oil and gas exploration and production sector, with a focus on New Zealand's natural resources. The company has a diverse portfolio of permits, which positions it well for future growth. Recent financial data indicates a revenue of $662,689 for the latest quarter, contributing to a TTM revenue of approximately $2,000,000. However, the company reported a net income loss of $1,657,055 in the most recent quarter, highlighting ongoing operational challenges. Despite these challenges, the company maintains a current ratio of 1.31, suggesting it has sufficient short-term assets to cover its liabilities. The estimated proved and probable oil reserves of 696,500 barrels provide a solid foundation for future production and revenue generation. With a strategic focus on expanding its permit portfolio, New Zealand Energy Corp. aims to enhance its position in the competitive oil and gas market.