New Zealand Energy management commentary says Q2 2026 profit driven by higher Waihapa-Ngaere oil output and stronger realized prices

• Management commentary covered the six months ended June 30, 2026, with revenue at CAD 2.77 million, driven by higher oil output.
• Second-quarter oil production rose to 10,950 barrels, reflecting stronger Waihapa-Ngaere volumes; oil sales reached 13,001 barrels at CAD 138.65 per barrel.
• Field netback improved to CAD 96.94 per barrel in the quarter as production costs fell to CAD 44.61 per barrel.
• Second-quarter total comprehensive profit was CAD 929,931, versus a loss a year earlier; the six-month result remained a loss of CAD 1.01 million.
• Liquidity strengthened with cash at CAD 2.06 million, supported by a CAD 3.5 million private placement.

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