Ann: FLLYR: NZO: Amendment to Parent Company Financial Results

• Release Date: 03/09/14 09:29
• Summary: FLLYR: NZO: Amendment to Parent Company Financial Results
• Price Sensitive: No
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					NZO
03/09/2014 09:29
FLLYR

REL: 0929 HRS New Zealand Oil and Gas Limited

FLLYR: NZO: Amendment to Parent Company Financial Results

Amendment to Parent Company Financial Results - Group Results Unchanged

New Zealand Oil & Gas Limited (NZOG) has identified a misstatement in the
Parent company results released on Tuesday, 26th August 2014. There is no
impact on the NZOG Group consolidated results for the year, which remain
unchanged from that previously reported.

The preliminary full year results announcement contained the audited
consolidated financial statements, which included the Parent company
accounts. It has been subsequently identified that intercompany dividend
distributions from two wholly owned subsidiaries were overstated by $11.6
million, which in turn overstated the finance income, profit after tax and
advances to related parties of the Parent. As the transactions were between
100% owned subsidiaries of the Group and the Parent, the misstatement has had
no impact on the Group consolidated results previously announced.

The amended audited consolidated financial statements for the year ended 30
June 2014 are attached.

John Pagani
External Relations Manager
+64 21 570 872
End CA:00254796 For:NZO    Type:FLLYR      Time:2014-09-03 09:29:38