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- Release Date: 13/01/14 16:57
- Summary: S/HOLDER: NZO: Zero Commission NZ Limited offer
- Price Sensitive: No
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NZO
13/01/2014 14:57
S/HOLDER
REL: 1457 HRS New Zealand Oil and Gas Limited
S/HOLDER: NZO: Zero Commission NZ Limited offer
New Zealand Oil & Gas has been advised that Zero Commission NZ Limited
intends to make an unsolicited offer to some shareholders offering to buy NZ
Oil & Gas shares for NZ 74 cents per share.
The price offered of NZ 74 cents per share is a discount to the current
market price of New Zealand Oil & Gas shares.
The market price of New Zealand Oil & Gas shares on the NZX was NZ 83.5 cents
per share at the close of trading on Friday, 10 January 2014.
New Zealand Oil & Gas recommends shareholders seek independent advice and
check the most recent NZX price for shares.
Chief Executive Andrew Knight says New Zealand Oil & Gas has an exciting
exploration program.
"The company is currently involved in drilling at Matuku, with further
offshore Taranaki wells to follow at Oi and Pateke, within the producing Tui
permit. A further well at Kaheru is scheduled for next summer. We have new
exploration permits off Canterbury and new partnerships that will help the
company generate attractive returns and provide the opportunity for growth."
John Pagani
External Relations Manager
+64 21 570 872
End CA:00246000 For:NZO Type:S/HOLDER Time:2014-01-13 14:57:09
