Australia's Longreach Oil inks deal to buy fledgling NZ dairy company to resume ASX trading

Tue, 10 Apr 2018

By Tina Morrison April 11 (BusinessDesk) - Australia's Longreach Oil has agreed to a buy a New Zealand company which plans to develop a dairy factory in Otorohanga, as it seeks to bolster its investment portfolio and resume trading on the ASX. Longreach was suspended from the ASX in May last year after the stock exchange operator deemed it had insufficient operations to warrant quotation. The firm, which owns a share of some Australian oil and gas exploration leases and a stake in a US telecommunications company, said in a statement to th...

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