NZ New Zealand Energy Corp

New Zealand Energy Corp. (TSX VENTURE:NZ)(OTCQX:NZERF) ("NZEC" or the "Company")
is pleased to announce the promotion of Mr. Cliff Butchko to the position of
Senior Vice President.


Mr. Butchko is a professional engineer with more than 30 years of oil and gas
experience. Most recently he has provided technical consulting services and
business advice to oil and gas companies, as well as other energy-related and
resource-based companies, through Butchko Resource Management and TIFF Business
Advisory Group. As a result of his technical and business background, Mr.
Butchko has been involved in various corporate level projects relating to large
financings, mergers and acquisitions. Mr. Butchko spent 15 years with Chevron in
a number of technical and business-related positions, including field
operations, reservoir/exploitation engineering, special projects, regulatory
representative, marketing, major contract negotiations, recruiting and business
group advisory roles. He then joined Eurogas Corp., an international energy
company, where he was responsible for all domestic production as well as
significant projects in Russia, Tunisia and Spain. Mr. Butchko also founded and
owns his own producing oil and gas company, Omni Oil and Gas.


"Cliff Butchko has been part of the New Zealand Energy team since April and
played an instrumental role in rapidly advancing Copper Moki-1 from discovery to
production," said Bruce McIntyre, President & Director of NZEC. "Cliff is
relocating to New Zealand, bringing a wealth of technical knowledge and hands-on
experience to guide the technical aspects of NZEC's exploration and production
program."


Mr. Butchko completed his Mechanical Engineering studies at University of
Saskatchewan and subsequently obtained his Master of Business Administration
Degree (Honours) from Queen's University. He is an active member of, and holds a
Professional Engineering designation with, the Association of Professional
Engineers, Geologists and Geophysicists of Alberta.


The Company has granted 450,000 stock options to Mr. Butchko, exercisable at
$1.00 per share. The stock options vest one-third on December 1, 2012, and
one-third annually thereafter.


On behalf of the Board of Directors

Bruce McIntyre, President & Director

About New Zealand Energy Corp.

NZEC is an oil and natural gas company engaged in the exploration, development
and production of petroleum and natural gas assets in New Zealand. NZEC's
property portfolio collectively covers nearly two million acres of conventional
and unconventional prospects in the Taranaki Basin and East Coast Basin of New
Zealand's North Island. The Company's management team has extensive experience
exploring and developing oil and natural gas fields in New Zealand and Canada,
and takes a multi-disciplinary approach to value creation with a track record of
successful discoveries. NZEC plans to add shareholder value by executing a
technically disciplined exploration and development program focused on the
onshore and offshore oil and natural gas resources in the politically and
fiscally stable country of New Zealand. NZEC trades on the TSX Venture exchange
under the symbol "NZ" and on the OTCQX International under the symbol "NZERF".
More information is available at www.newzealandenergy.com or by emailing
info@newzealandenergy.com. 


Forward-looking Statements

This news release contains certain 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 "expect", "will be", "will", "plan", "anticipate" 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, including without limitation, 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 costs of extracting and delivering oil and
natural gas to market, that affect potential profitability of oil and natural
gas exploration; the need to obtain various approvals before exploring and
producing oil and natural gas resources; 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 Company 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 other factors as disclosed in documents released
by NZEC as part of its continuous disclosure obligations. NZEC 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 this news release should not be unduly
relied upon. These statements speak only as of the date of this news release and
NZEC does not undertake to update any forward-looking statements that are
contained in this news release, except in accordance with applicable securities
laws.

New Zealand Energy (TSXV:NZ)
Historical Stock Chart
From Jun 2024 to Jul 2024

New Zealand Energy (TSXV:NZ)
Historical Stock Chart
From Jul 2023 to Jul 2024