Scheme

Detailed materials describing the scheme and an independent adviser's report and notice of shareholders’ meeting will be sent to shareholders when available. All content will be available on this section of the New Zealand Oil & Gas website promptly following market release.

If you have questions, call John Pagani: 04 471 8333 or email john.pagani@nzog.com

 

 

Market Release

NEW ZEALAND OIL & GAS RECOMMENDS SCHEME OF ARRANGEMENT WITH O.G. OIL & GAS AT $0.62
CASH PER SHARE

Scheme price agreed at $0.62 per share in cash for all of the approximately 30 per cent of New Zealand Oil & Gas fully paid ordinary shares that O.G. Oil & Gas does not already own.

Price is a 25% premium to Tuesday’s closing price.

Independent directors unanimously recommend shareholders vote in favour of the scheme, subject to the independent adviser's report concluding that $0.62 per share is within or above its valuation range.

 

Scheme of Arrangement


Scheme Implementation Agreement

New Zealand Oil & Gas Limited

And

O.G. Oil & Gas (Singapore) Pte. Ltd.