LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, LanzaTech Global, Inc. (Nasdaq: LNZA), an innovative carbon capture and utilization ("CCU") company that transforms waste carbon into materials such as sustainable fuels, fabrics, packaging, and other products that people use in their daily lives, today announced they have been selected by Air New Zealand and the New Zealand Ministry for Business, Innovation, and Employment (MBIE) to support the second stage of a study to determine commercial viability and sustainability of domestic sustainable aviation fuel (SAF) production in New Zealand.

The study will explore the use of domestic New Zealand waste products to produce SAF, primarily focusing on forestry residue. LanzaTech will transform the waste raw materials into low-carbon ethanol through its commercially deployed gas fermentation technology, and LanzaJet will convert ethanol into SAF with its proven and scaled-up Alcohol-to-Jet technology.

"A sustainable fuels industry enables countries to gain energy independence with domestic production of fuels alongside infrastructure and economic development, while having a positive benefit on climate change – and that's what we're looking to enable in New Zealand," said Jimmy Samartzis, Founding CEO of LanzaJet. "We are eager to begin working with Air New Zealand and the New Zealand Ministry for Business, Innovation, and Employment to demonstrate the feasibility of SAF production in New Zealand."

LanzaTech, which was founded in Auckland, New Zealand, will be responsible for conducting a supply chain risk assessment while also evaluating the potential for using domestic waste to produce ethanol through gasification.

LanzaTech CEO Jennifer Holmgren said, "We must accelerate deployment of SAF facilities globally to create new jobs and deliver much needed volumes of sustainable fuels to a sector that has limited options today. We appreciate the leadership shown by Air New Zealand and the New Zealand government in enabling a future where domestic wastes and residues can be meaningfully repurposed, enabling energy security and regional growth opportunities."

LanzaTech and LanzaJet have selected Z Energy, a wholly owned subsidiary of Ampol Group and New Zealand's largest fuel retailer, to support the study's second stage by evaluating the end-to-end supply chain, including feedstock options and the economic impact to the regions.

Z Energy's CEO Lindis Jones said, "While there is no silver bullet in this energy transition, it's clear SAF will play a critical role in reducing the aviation sector's emissions. Z is looking forward to being a valuable partner alongside LanzaJet and LanzaTech by leveraging its local supply chain expertise, its previous experience supplying biofuels to customers including Air New Zealand, and the expertise of the wider Ampol Group."

Air New Zealand, the nation's national carrier, and the New Zealand Government are investing to support this study, following a yearlong request for proposal (RFP) process to understand which technologies are available globally and evaluate how they can be tailored to the New Zealand context.

The study supports Air New Zealand's broader ambitions to decarbonize and achieve net zero emissions by 2050. In order to prove viability for a commercial-level SAF production facility, partners must demonstrate technical, economic, supply chain, and environmental solutions.

After completion of this study, which is expected by midyear of 2024, a decision will be made on proceeding with the next stages of the project, including further development and engineering work.

ABOUT LANZAJET

LanzaJet is a leading sustainable fuels technology company dedicated to accelerating the energy transition by embracing the circular economy. As a Sustainable Aviation Fuel (SAF) technology provider and producer with patented alcohol-to-jet (ATJ) technology, LanzaJet is creating an opportunity for future generations by accelerating the deployment of SAF and other clean technologies critical to addressing the climate crisis and transforming the global economy. Further information is available at https://www.lanzajet.com/.

ABOUT LANZATECH

Headquartered in Skokie, IL, LanzaTech Global, Inc. (Nasdaq: LNZA) captures waste carbon and transforms it into materials such as sustainable fuels, fabrics, packaging, and other products. Using a variety of waste feedstocks, LanzaTech's technology platform is contributing to a future where consumers are not dependent on virgin fossil feedstocks for everything in their daily lives. LanzaTech's goal is to challenge and change the way the world uses carbon, enabling a new circular carbon economy where carbon is reused rather than wasted, skies and oceans are kept clean, and pollution becomes a thing of the past. For more information about LanzaTech visit https://lanzatech.com.

Matahio Energy has completed the acquisition of a portfolio of six onshore oil and gas licenses in the Taranaki Basin, North Island, New Zealand.

Matahio will be the operator of these licenses, holding 100% participating interest in four licenses, and 70% interest in the remaining two licenses. Of the six licenses, three are currently producing. The sale and purchase agreement between the parties was signed in March 2022. All required approvals for the relevant New Zealand regulatory authorities have been obtained to complete this transaction

Key highlights of the transaction:

- Operatorship of two fields, namely Cheal and Sidewinder, which are currently producing a total of 1.4 Kboepd (thousand barrels of oil equivalent per day), net to Matahio. Cheal and Sidewinder are well-established, prolific fields, which have produced over 5 MM bbls (million barrels of oil) to date, since the first oil in 2008.

- Matahio is adding 2 MM boe (million barrels of oil equivalent) 2P reserves (Net, effective date 1st January 2023). At prevailing oil prices and contemporary OPEX rates, the Cheal and Sidewinder fields are expected to generate positive cash flow until 2030. The New Zealand business's EBITDA for the calendar year 2022 was NZD$29 MM

- The transaction also includes full technical and operational teams, based in New Plymouth, who have a track record in delivering strong health, safety & environment (HSE) and production performance. Most notably, recent production optimisation efforts have resulted in production rates returning to 2015 levels without drilling any new wells.

- Matahio has crafted a multi-year development programme consisting of infill and step-out drilling as well as the appraisal of newer fields in the Puka license (which was 100% acquired by Matahio) to be tied back to existing operated infrastructure. This organic growth programme targets an additional 3.8 MM boe and, if successful, will ensure more than 100% replacement of reserves across Matahio's portfolio. Coincident with this transaction, the first Cheal infill well as part of this programme is currently being completed.

- Matahio has constructed a bottom-up greenhouse gas reduction plan that projects the New Zealand business to be "net-zero" by 2030. A significant component of this plan is a deep decarbonization of the operation, for which a number of projects have been initiated in 2023, targeting an immediate impact on Matahio New Zealand's carbon footprint.

- Under Matahio ownership, cash contributions will continue to be made to an escrow fund that ultimately covers future abandonment liabilities.

- Matahio Energy New Zealand has already committed to several Taranaki partnerships and sponsorships. This transaction now opens the door to other opportunities to collaborate with the Taranaki community.

Dr Wai-Lid Wong, CEO of Matahio Energy, says, "We are excited to progress the multi-dimensional plans we have laid out for this portfolio of assets in New Zealand.

"First and foremost, the execution of an expansive production optimisation and development programme, which has already borne fruit, will continue to exhibit Matahio's mature field management credentials. This includes maintaining the portfolio's OPEX per barrel at levels lower than 40 USD/bbl. Second, the proving-up of prospects in the Puka license area, and utilising existing infrastructure for its development, will enhance the longevity of our New Zealand business. And finally, to undertake a complex decarbonisation plan, which underpins our New Zealand net zero strategy and aims to demonstrate that this growth does not need to be at the expense of the environment."

He added, "We are also keen to continue discussions with our industry peers, investors, government, and other key stakeholders to ensure that the oil and gas industry is effectively participating in an orderly energy transition in New Zealand, which supports the country achieving its overall net zero ambitions."

New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") announced today it has filed with Canadian regulatory authorities its Q4 2022 consolidated financial results and an accompanying management discussion and analysis report, which documents are available on the Company's website at www.newzealandenergy.com and on SEDAR at www.sedar.com.

Commenting on the Company's 2022 end of year results, Chairman James Willis said, "The results saw a profit of $1,840,340 (compared to the 2020 loss of $993,008) which included an impairment reversal of $1,915,902 and significant non-cash expenses including depreciation and depletion. Overall, there was a $57,952 increase in cash at year end and $527,611 was held as at 31 December 2022. Cash provided by operating activities was $720,088, compared to 2021 when ($198,130) of cash was used by operations."

The Company achieved average net daily production of 81 boe/d (88% oil) through 2022 compared to 99 boe/d (88% oil) during 2021.

With respect to development operations, Mr Willis commented: "Tariki is a focus. The Company is progressing discussions to enable gas storage at the Tariki field."

Regarding Waihapa/Ngaere, gas lifting with the compressor will re-commence after a plant refurbishment, to be followed by tie-in of the Northern Ngaere wells. The Company is investigating the utilization of these licences for carbon sequestration.

Regarding the CAD$2,000,000 Convertible Loan Agreement with Arizona Finance Limited, the term of this Agreement has been extended to July 20, 2024.

On behalf of the Board of Directors "James Willis" Chairman.

James Willis is based in Wellington, New Zealand, and has an extensive background in the oil and gas exploration and production industry particularly focused on commercial and contractual issues affecting industry participants. He was a partner at the New Zealand law firm of Bell Gully for 25 years specializing in oil and gas matters. When he retired from Bell Gully he took up a position as managing director of an Australian oil and gas exploration group which had a large portfolio of offshore permits around Australia and New Zealand. Since returning to New Zealand in 2011 he has held governance positions with and consulted to various participants in the oil and gas exploration sector.

NZEC is led by an experienced senior management team with a strong track record of success in oil and natural gas exploration and development. The team has individually and collectively added corporate value in a number of oil and gas ventures over the past several decades. All NZEC's employees live and work in New Zealand, with an accounting and administration team, a team providing corporate oversight and investor relations, an operations team, a geotechnical team, and also a team operating the Waihapa Production Station.

United adds 40% more flights between the U.S. and Australia/New Zealand next northern winter, including new non-stop service to Christchurch, new routes from L.A. to Brisbane and Auckland, and more flights from San Francisco to Brisbane and Sydney. United serves more destinations in Australia and New Zealand than all U.S. carriers combined. Next winter, United will have more flights and serve more destinations between the U.S. and Australia and the U.S. and New Zealand than any other carrier in the world.

United Airlines today announces the largest South Pacific network expansion ever to and from the continental U.S., including the first non-stop flight between San Francisco and Christchurch set to commence on December 1. United will be the only carrier to directly connect the U.S. and the South Island of New Zealand. With 66 flights between the US and Australia/New Zealand every week, United will operate nearly 40% more flights from the U.S. to Australia and New Zealand next northern winter versus last year.

The carrier is adding new direct flights from Los Angeles to Brisbane and Auckland and increasing service to the region from its San Francisco hub with daily flights to Brisbane, twice daily flights to Sydney and flying larger aircraft to Melbourne. And thanks to United's relationships with Air New Zealand and Virgin Australia, travelers can enjoy easy one-stop connections from these cities to more than 50 destinations in the region.

United already flies to more destinations in Australia and New Zealand than all other U.S. carriers combined, and now will have more flights and serve more destinations in the region from the U.S. than any other carrier in the world. Tickets are now on sale on the airline's mobile app and on United.com – just in time for customers to plan their trips for the region's peak winter season.

"This past winter, United enhanced our network and became the largest carrier to the South Pacific region. Now, this upcoming winter, we will expand even further," said Patrick Quayle, Senior Vice President of Global Network Planning and Alliances. "Our strong partnerships with Air New Zealand and Virgin Australia provide unparalleled connectivity, and with our historic expansion across five destinations in New Zealand and Australia, United is the clear choice for customers' travel to the region."

San Francisco – Christchurch, NZ*

Starting December 1, United will be the only airline to offer direct flights between the U.S. and New Zealand's South Island, with the first direct San Francisco-Christchurch service. United will fly this route three times weekly on a Boeing 787-8 Dreamliner. United's new flight to Christchurch is part of the airline's broader expansion efforts in New Zealand and next winter, the airline will be nearly 70% larger in New Zealand than in 2019.

Los Angeles – Auckland*

Next winter, United will build on its position as the largest U.S. airline to Auckland, adding four weekly flights from Los Angeles. United is the only U.S. carrier to serve Auckland year-round with its existing service from San Francisco. United will fly its Los Angeles-Auckland route on a Boeing 787-9 Dreamliner, starting October 28.

Los Angeles – Brisbane*

In winter 2022, United became the only airline to offer direct flights between Brisbane and San Francisco. On November 29, United will add to this service by adding three weekly Los Angles-Brisbane flights on a Boeing 787-9 Dreamliner – becoming the largest carrier between the U.S. and Brisbane.

More Flights to Sydney and Brisbane

In addition to adding new flights to its schedule, United will also increase its flying from San Francisco to Brisbane and Sydney. Starting October 28, United will offer daily flights between San Francisco and Brisbane on a Boeing 787-9 Dreamliner and will be able to fly nearly triple the number of customers to Brisbane from the US next winter than it did in 2022. The airline will also fly twice daily between San Francisco and Sydney on Boeing 777-300ERs starting October 28, offering more flights to Sydney from the U.S. than any other carrier.

More Seats to Melbourne

This past winter, United became the largest airline from the U.S. to Melbourne, increasing from ten to fourteen weekly roundtrip flights, with one daily flight from both San Francisco and Los Angeles. Starting October 28, United will deploy its largest airplane on flights between San Francisco-Melbourne. The 777-300ER will add nearly 100 daily seats to each departure. Compared to winter 2019, United will offer 65% more seats to Melbourne.