CORRECT: NZOG back in black after Kupe sale, keeps dividend unchanged

Tue, 29 Aug 2017

(Fixes Zeta's shareholding in 7th paragraph, chair's name in final two paragraphs) By Paul McBeth Aug. 29 (BusinessDesk) - New Zealand Oil & Gas was back in the black and kept its dividend unchanged after reaping a $95 million gain on the sale of its stake in the Kupe oil and gas fields and trimming its operating and exploration costs. The Wellington-based company reported a net profit to shareholders of $61.2 million, or 20 cents per share, in the 12 months ended June 30, turning around a loss of $35.9 million, or 8.6 cents, a year e...

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