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.

Find out more here

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