NZOG minorities remain divided

Thu, 12 Dec 2019

Shareholders in New Zealand Oil & Gas remain divided, with none of the rebel board candidates nominated as a vote against major shareholder OG Oil & Gas attracting more than 7.5 percent support at today’s annual meeting. Investors, still angry at the firm’s handling of the scheme of arrangement with OGOG they rejected last month, were surprisingly muted during the 90-minute meeting in Wellington. James Dunphy, a relatively recent shareholder but a vocal opponent of the scheme, dominated questions from the floor, challenging everything fro...

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