NZO just released this
GENERAL: NZO: Cue Energy Resources
NZOG Offshore, a wholly-owned subsidiary of New Zealand Oil & Gas, is making
an unconditional takeover offer for ASX-listed Cue Energy Resources Limited.
The on-market cash offer of A$0.10 per share expires at the end of trading on
the ASX on 27 March 2015.
A copy of the Bidder's Statement is attached and will be sent to Cue Energy
shareholders.
New Zealand Oil & Gas believes Cue's major asset, a 5 per cent interest in
the Maari oil field in New Zealand, is a quality asset that fits our
portfolio well.
In December New Zealand Oil & Gas, through NZOG Offshore, made an off-market
purchase of 19.99 per cent of Cue Energy from Todd Petroleum at the same
price, for a total value of A$13.96 million.
New Zealand Oil & Gas is New Zealand's largest publicly-listed explorer
Established in 1981 and listed on the New Zealand and Australian stock
exchanges, it has two major producing assets offshore Taranaki New Zealand
and exploration interests in New Zealand and Indonesia.
NZO takeover offer
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $76.82M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $116.9K | 1.097M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 492104 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 125621 | 1 |
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| CUE (ASX) Chart |