NZ Oil & Gas to shift main listing to ASX, raising $25m

NZ Oil & Gas to shift main listing to ASX, raising $25m
An interest in the Kupe gas field is among NZ Oil & Gas' assets. (Photo: supplied)
Jenny Ruth
New Zealand Oil & Gas is planning to shift its principal stock exchange listing to Australia after it raises up to $25 million from a rights issue.The company, which is 70%-owned by OG Oil & Gas, said it wanted the funds to invest in a number of projects in Australia and NZ.NZ Oil & Gas chair Samuel Kellner said "the ASX market has deep understanding of oil and gas stocks". The company intends to convert its current foreign exempt status on ASX to a full listing and to convert its NZX listing to foreign exempt st...

More Markets

NZ sharemarket declined almost 2% this week
Markets Market close

NZ sharemarket declined almost 2% this week

The S&P/NZX 50 Index closed at 12,809.59 points, down 87.36 points or 0.68%.

Graham Skellern 06 Dec 2024
Updated: Methanex paid $200m to idle operations
Markets

Updated: Methanex paid $200m to idle operations

Genesis and Contact forked out millions to keep the lights on.

Ian Llewellyn 06 Dec 2024
THL slashes about 100 jobs
Markets

THL slashes about 100 jobs

THL is targeting a $12m after-tax profit cost savings in the 2027 financial year.

John Anthony 06 Dec 2024
Fonterra comfortable with co-op's margins
Primary Sector

Fonterra comfortable with co-op's margins

An extra $500 million is set to be paid out to its farmers from January.

Riley Kennedy 06 Dec 2024