NZ Oil & Gas takes control of Cue Energy almost two years after launching full takeover offer

Mon, 16 Jan 2017

By Jonathan Underhill Jan. 17 (BusinessDesk) - New Zealand Oil & Gas has taken control of Cue Energy Resources almost two years after launching a hostile takeover of ASX-listed company saying the move provides exposure to production and exploration interests in Australia, New Zealand and Indonesia. NZOG lifted its stake to 50.01 percent from the 48.1 percent it ended up with at the end of its 2015 takeover attempt, buying 13.5 million Cue shares at a total cost of A$1.1 million, or 8.32 Australian cents a share. In 2015, NZOG made a ho...

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