NZ Oil & Gas awaits word of Cue board positions after securing 48% stake

Sun, 12 Apr 2015

By Jonathan Underhill April 13 (BusinessDesk) - New Zealand Oil & Gas is awaiting word from Cue Energy Resources on board representation, after securing 48 percent of the energy company it says may be encouraged to delist from the ASX. NZOG made a hostile takeover bid for Cue at 10 Australian cents a share after buying 19.99 percent of the company in December from Todd Energy and has since picked up further stakes from shareholders including Todd and Zeta Resources. Its initial offer documents said it was seeking about 30 percent, althoug...

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