New Zealand Energy Corp. Provides Update on Annual Filings and Strategic Outlook

New Zealand Energy Corp. (TSXV: NZ), a publicly listed energy company, has provided an update on its annual filings and strategic outlook. The company has been working closely with its independent reserves evaluator and external auditors to complete the reserves evaluation process and finalize the audited annual consolidated financial statements. This process has taken longer than anticipated due to matters relating to the completion of the company's asset impairment analysis, including the valuation work required to support the carrying value of the Tariki gas storage business.

The company currently expects to complete the required filings before June 14, 2026. Although this is later than initially anticipated, New Zealand Energy Corp. remains committed to providing timely and accurate information to its stakeholders. The delay in filing the annual disclosure documents has resulted in a management cease trade order by the British Columbia Securities Commission, but the company is providing bi-weekly updates in accordance with National Policy 12-203 - Management Cease Trade Orders.

As a leading player in the development of oil, gas, and gas-storage opportunities in New Zealand, New Zealand Energy Corp. holds interests in multiple heritage assets and development-stage projects. The company's Tariki Gas Storage Project in Taranaki is a key asset, and with a 50% ownership stake in the Waihapa production station, New Zealand Energy Corp. can quickly tie in any near-term production and sell directly to market. This strategic positioning enables the company to capitalize on emerging opportunities and drive long-term growth.

The company's commitment to transparency and accountability is reflected in its adherence to regulatory requirements and disclosure guidelines. New Zealand Energy Corp. is providing regular updates on its progress and is working diligently to complete the required filings as soon as possible. The company's leadership team, led by Chief Executive Officer Toby Pierce, is dedicated to ensuring that stakeholders are informed and up-to-date on all developments.

In addition to the update on annual filings, New Zealand Energy Corp. is focused on advancing its strategic objectives and driving business growth. The company is well-positioned to capitalize on the growing demand for energy resources and is committed to creating value for its stakeholders. With a strong foundation in place, New Zealand Energy Corp. is poised for long-term success and is an attractive investment opportunity for those looking to participate in the energy sector.

The company's forward-looking statements, including those regarding the anticipated timing for filing of the Company's Annual Filings and First Quarter Filings, are subject to various risks and uncertainties. However, with a proven track record of execution and a strong management team, New Zealand Energy Corp. is well-equipped to navigate the challenges and opportunities in the energy sector.

In conclusion, New Zealand Energy Corp. is a dynamic and growth-oriented energy company with a strong presence in New Zealand. The company's commitment to transparency, accountability, and strategic growth positions it for long-term success and makes it an attractive investment opportunity. As the company continues to advance its objectives and drive business growth, stakeholders can expect regular updates and timely information on all developments.