NZOG shares plunge as Ironbark disappoints

NZOG shares plunge as Ironbark disappoints
Gavin Evans
Shares in New Zealand Oil & Gas dropped by almost a third after the company said the Ironbark prospect it was drilling off Western Australia showed no significant hydrocarbons.“Bugger,” chief executive Andrew Jefferies said in a statement on NZX.“Ironbark was a world-scale prospect in a highly prospective address and it needed drilling. We got an answer, but it was not the one we wanted.”NZOG has a direct 15 percent interest in the venture. Its shares fell more than 31 percent to 51 cents, taking their loss this year...

More Infrastructure

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees
Primary Sector

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees

The port says it's working with KiwiRail on 'long-term arrangements'. 

Oliver Lewis 04 Jul 2025
‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades
Policy

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades

Two of the biggest NZ ports are raising prices as they plan major investments.

Oliver Lewis 02 Jul 2025
Cost of Ōtaki to north of Levin highway nears $2b
Infrastructure

Cost of Ōtaki to north of Levin highway nears $2b

In 2020, the lower North Island expressway was costed at just $817m.

Oliver Lewis 01 Jul 2025
The keys to unlocking Northport's land value
Infrastructure

The keys to unlocking Northport's land value

MMH's land is valued at five times less than its next-door neighbour, Channel.

Ian Llewellyn 30 Jun 2025