NZOG seeking acquisitions, won't raise capital

Thu, 04 Jun 2020

New Zealand Oil & Gas said it is actively seeking acquisitions of a scale that won’t require it to raise additional capital. The firm said its strong balance sheet, and its weighting to gas rather than oil, means it is well-positioned in the current “distressed’ market to pursue production and exploration assets. Its focus area remains Australia and New Zealand and it will seek assets that can be funded without having to raise significant additional capital, given the “challenge” to do that in the current market. “New Zealand Oil & Gas...

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