ECHELON RESOURCES LIMITED — Earnings Release 2021

Aug 24, 2021

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----- Start of picture text ----- Results for announcement to the marketName of issuer New Zealand Oil & Gas LimitedReporting Period 12 months to 30 June 2021Previous Reporting Period 12 months to 30 June 2020Currency NZDAmount (000s) Percentage changeRevenue from continuing operations $36,007 (3%)Total Revenue $36,007 (3%)Net profit/(loss) from continuing operations ($36,435) (2536%)Total net profit/(loss) ($36,435) (2536%)Interim/Final DividendAmount per Quoted Equity Security The Directors propose no dividend will be paid this period.Imputed amount per Quoted Equity Security Not ApplicableRecord Date Not ApplicableDividend Payment Date Not ApplicableCurrent period Prior comparable periodNet tangible assets per Quoted Equity Security 60.8 83.9Accompanying this announcement are the company’s audited consolidated financial statements forthe year ended 30 June 2021 that have been prepared in accordance with generally acceptedaccounting practice and give a true and fair view of the financial position and performance of theA brief explanation of any of the figures abovecompany.necessary to enable the figures to be understoodThese financial statements provide the balance of information required in accordance with ListingRule 10.4.2, Appendix 1.Authority for this announcementName of person authorised to make thisCatherine McKelvey. CFO, New Zealand Oil & Gas LimitedannouncementContact person for this announcement Kaye BillingtonContact phone number +64 4 495 2424Contact email address enquiries@nzog.comDate of release through MAP 25 August 2021----- End of picture text -----