Cheal Petroleum Limited (CPL), Matahio’s wholly owned NZ subsidiary, has completed the acquisition of East West Petroleum’s 30% participating interest in the Cheal East permit, PMP 60291 (onshore Taranaki). This acquisition increases CPL’s participating interest in the Cheal East permit to 100%. Drew Cadenhead, Matahio’s NZ Country Manager said, “The completion of this acquisition is...Continue Reading

Cheal Petroleum Limited (“CPL”), Matahio’s wholly owned NZ subsidiary, has signed an SPA for the acquisition of East West Petroleum’s 30% participating interest in the Cheal East permit, PMP 60291 (onshore Taranaki), for an upfront payment of 1 MM USD (effective 31st July 2023). This acquisition increases CPL’s participating interest in the Cheal East permit...Continue Reading

New Zealand’s carbon emissions from the energy resources sector are 2.35 million tonnes per year lower than they were in 2010, thanks in large part to efficiency and emissions reduction initiatives by New Zealand’s sector. That is one of the key insights from the 2023 progress report released today, one year after the commencement of...Continue Reading

Matahio Energy has completed the acquisition of a portfolio of six onshore oil and gas licenses in the Taranaki Basin, North Island, New Zealand. Matahio will be the operator of these licenses, holding 100% participating interest in four licenses, and 70% interest in the remaining two licenses. Of the six licenses, three are currently producing....Continue Reading