New Zealand Oil & Gas To Delist From NZX Main Board

Australasia-focused producer and explorer New Zealand Oil & Gas Limited (NZX/ASX:NZO), (NZO or the Company) is pleased to announce its intention to delist from the Main Board of NZX Limited (NZX) and move to a sole listing on the Australian Securities Exchange (ASX). This announcement, along with the accompanying shareholder letter, outlines the factors that underpin this decision.

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Renounceable Rights Offer

New Zealand Oil & Gas Limited (NZX: NZO, ASX: NZO) has announced an equity raising of up to NZ$25 million through a 1-for-2.7625 renounceable rights offer. The capital raise enables a cycle of investment in growth projects at producing assets in Australia and New Zealand as well as offering the opportunity to take part in exploration.

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Acquisition of Central Petroleum Assets in the Amadeus basin.

At a special meeting on 24 June, shareholders voted to approve the transaction, with 99.99% of votes cast in favour. The CEO’s address is here:

The September Quarterly Report demonstrates the impact of the acquisition here

The CEOs Address is here