HALFYR: NZO: Results Summary

24 Feb 2010 11:30 am

NZO 24/02/2010 HALFYR

REL: 1130 HRS New Zealand Oil and Gas Limited

HALFYR: NZO: Results Summary

NEW ZEALAND OIL & GAS LIMITED NZ Reg. Coy. No. 037842 ARBN 003 064 962 www.nzog.com Results Summary for announcement to the market

Reporting Period 6 months to 31 December 2009 Previous Reporting Period 12 months to 30 June 2009 Comparative Reporting Period 6 months to 31 December 2008

Amount (NZ$ 000s) Increase / (decrease) 6 months to 31 December 2009 6 months to 31 December 2008 % Revenue from ordinary activities 37,745 103,248 (63) (Deficit) / surplus from ordinary activities after tax attributable to security holders (6,489) 53,969 (112) Net profit / (loss) attributable to security holders (6,489) 53,969 (112) NZ$ NZ$ % Net Tangible Assets per share 1.19 1.24 (4)

Interim/Final Dividend Amount per security Imputed amount per security N/A N/A

Record Date N/A Dividend Payment Date N/A

Comments:

Also released are the company's condensed interim financial statements that have been prepared in accordance with generally accepted accounting practice and give a true and fair view of the matters to which the statements relate.

Those financial statements provide the balance of information required in accordance with Listing Rule 10.4.2, Appendix 1. End CA:00191606 For:NZO Type:HALFYR Time:2010-02-24:11:30:39

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