Markets

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

Jenny Ruth
Wed, 27 Apr 2022

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
Wed, 27 Apr 2022
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...

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