1、New Zealand Oil&Gas LimitedAnnual Report 2007New Zealand Oil&Gas LimitedAnnual Report 20072346141415151617204243464849ContentsChairmans ReviewHighlightsCEOs ReviewOperations ReportCorporate UpdateFinancial ReviewReserves and Resources Production ForecastHealth,Safety and the EnvironmentContributing
2、to Our Communities Financial StatementsAudit ReportCorporate Governance StatementShareholder and Optionholder InformationStatutory InformationCorporate DirectoryShareholders of New Zealand Oil&Gas Limited are invited to attend the 2007 Annual General Meeting at the Inter-Continental Hotel,2 Grey Str
3、eet,Wellington at 10.30am on Friday 26 October 2007.New Zealand Oil&Gas Limited(NZOG)is a partner in the producing Tui Area Oil Fields and the Kupe fi eld development.NZOG has exploration interests in offshore Taranaki and is New Zealands largest listed petroleum company.NZOG also successfully broug
4、ht to market the Pike River Coal Limited coking coal development and remains that companys biggest individual shareholder.The 2007 Annual Report of New Zealand is approved for and on behalf of the Board.New Zealand Oil&Gas LimitedNZ Reg.Coy.No.WN 037 842 ARBN 003 064 962PG FoleyDirector12 September
5、2007R A RadfordDirector12 September 2007Annual General MeetingCompany Profi le2007 Annual ReportI am very pleased to comment upon a year of very substantial progress for the company.The three-pronged development programme gathered pace during the 2007 fi nancial year and is now producing substantial
6、 tangible benefi ts,with the production of oil from the Tui Area Oil Fields having commenced on 30 July 2007.Another major milestone was achieved by bringing Pike River Coal Limited to the investment market through a successful equity raising of$85 million by the company,which is now separately list