Archive: September, 2017


Posted on 21 September 2017

The same advisers who assisted the independent response committee of New Zealand Oil & Gas to respond to a partial takeover offer from Zeta Energy have been retained to assist with the response to a proposed new offer, from O.G. Oil & Gas.

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Receipt of takeover notice – take no further action

Posted on 18 September 2017

New Zealand Oil & Gas has today received notice under rule 41 of the Takeovers Code from O.G. Oil & Gas (Singapore) Pte. Ltd. of its intention to make a partial takeover offer to acquire 67.55% of each class of the shares in New Zealand Oil & Gas it does not already hold or control, for NZ$0.77 per share.



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Annual report, restated financial statements

Posted by Default Admin on 15 September 2017

The New Zealand Oil & Gas annual report is released today with a restatement of the Financial Statements to update Note 9(c) in relation to imputation credits.


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Target Company Statement Released

Posted in Shareholders; Posted on 15 September 2017

Independent Directors confirm their recommendation to reject Zeta's partial offer
The Target Company Statement prepared by New Zealand Oil & Gas in response to the partial offer by Zeta Energy Pte Limited is attached.    The Statement has been prepared in accordance with the Takeovers Code, and will be sent to New Zealand Oil & Gas shareholders shortly, and in any event on or before 22 September 2017.

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Posted on 11 September 2017

TAKE NO ACTION  ON THE ZETA OFFER. New Zealand Oil & Gas has indications of a  superior offer from O.G. Oil & Gas Limited.

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Takeover offer

Posted on 8 September 2017

The Board recommends that NZO shareholders TAKE NO ACTION on an offer from Zeta until further guidance is received from the Board.

An indicative non-binding proposal to acquire control of New Zealand Oil & Gas has been received from O.G. Oil & Gas Limited.

Read the OG Oil & Gas letter here.

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