Takeovers Panel requests clarification on NZOG offer

Takeovers Panel requests clarification on NZOG offer
Gavin Evans
New Zealand Oil & Gas has clarified two items in its proposed scheme of arrangement with major shareholder Ofer Global after intervention by the Takeovers Panel.The panel, responding to several complaints by investors, didn’t consider comments on the proposal by the company’s advisors, or its independent directors, were misleading or deceptive.But it did request clarification from the company on two matters: an estimated 5 percent chance of the Ironbark prospect off north-west Australia being commercially developed, and a comment from Rosal...

More Infrastructure

Analysts downgrade Channel Infrastructure
Infrastructure

Analysts downgrade Channel Infrastructure

The move follows BP's selling its stake.

Ian Llewellyn 21 Jun 2024
Counting cones cost: transport minister warns of 'infestation'
Infrastructure

Counting cones cost: transport minister warns of 'infestation'

Simeon Brown says NZTA will start counting traffic management costs from September.

Oliver Lewis 21 Jun 2024
BP exits Channel Infrastructure in $46m deal
Infrastructure

BP exits Channel Infrastructure in $46m deal

BP follows Mobil and exits former Marsden Point oil refinery business.

Oliver Lewis 19 Jun 2024
Email from CCHL boss reveals dividend frontloading trade-offs
Infrastructure

Email from CCHL boss reveals dividend frontloading trade-offs

Paul Silk sent his email shortly before the director exodus.

Oliver Lewis 18 Jun 2024