The Company notes that such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond NZEC
's control, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, operational risks in exploration and development, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources.
Name of projects Main responsible Funding sources institutes in China China-EU Cooperation The Administrative MOST, EU, UK on Near Zero Center for China's Environment, Food Emissions Coal Agenda 21 (ACCA21) and Rural Affairs (NZEC
In a media statement, the CEO of NZEC
Michael Adams revealed, Appraisal and exploration activities have necessarily taken a lower priority in the past year and we are returning effort to these activities through the next quarter so that we will be ready to progress on these at short notice should the oil price continue to rise.
will fund a development well in the Waihapa licence and Origin will retain 50% production rights from that well.
It runs alongside a UK-China project for assessing near-zero emissions coal (NZEC
in EU jargon) supported by a UK government grant of GBP3.5 million.
(TSXV: NZ) ("NZEC
" or the "Company") announced today the results of its Annual General Meeting of shareholders held in Wellington, New Zealand on Wednesday 31 July 2019 (NZT).
(TSXV: NZ) ('NZEC
' or the 'Company') announced today the results of its Annual General Meeting of shareholders held in Wellington, New Zealand on Wednesday 31 July 2019 (NZT).