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NEW ZEALAND OIL & GAS LIMITED - DELISTED

ASX: NZO

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Description

NEW ZEALAND OIL & GAS LIMITED has delisted from the ASX (Remains listed on NZX).

New Zealand Oil & Gas Limited is an exploration and production oil and gas company with a focus on New Zealand assets. With around 14,000 shareholders on both the NZX and ASX, and a market capitalisation of around $200 million, they are New Zealand's largest listed explorer.

The company aims to sustain and grow returns by developing its portfolio, and by investing in opportunities for extension in its existing, producing assets and beyond. With their producing assets contributing to their strong balance sheet, the company is positioned to target the opportunity for ongoing development.

NZO grows their exploration portfolio by adding prospects which will increase the balance in the portfolio across the complimentary geographical, geological, market and regulatory play types. We expect the core of the company's exploration will continue to be in New Zealand where we can leverage our technical, commercial and relationship experience and knowledge.

NZO are adding value in their producing assets with new drilling in the Tui permit and targeting the early development of opportunities in the producing Kupe permit - both off Taranaki.

Mine For

oil, gas

Location of operation(s)

New Zealand, Indonesia

Address

Level 20 , 125 The Terrace
WELLINGTON, , NEW ZEALAND

Phone

(64 4) 495 2424

Email

Website


Last Updated

7/5/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.