ARAFURA GAS SUPPLY AGREEMENT UPDATE

New Zealand Oil & Gas (NZX: NZO, ASX: NZO) notes the attached release made by Central Petroleum Limited (Central), Operator of the Mereenie gas field in Central Australia regarding an extension of the condition precedent satisfaction period in the Arafura gas supply agreement. NZO has a 42.5% interest in the Mereenie project along with joint venture partners Horizon Oil (25%), Central (25% Operator) Cue Energy Resources (7.5%). For further information please contact enquiries@nzog.com or +64 4 495 2424.