NZOG in trading halt, Tunisian oil field announcement due

Thu, 28 Feb 2013

By Pattrick Smellie Feb. 28 (BusinessDesk) - New Zealand Oil & Gas has asked to be placed in a trading halt for around four hours on both the New Zealand and Australian stock exchanges, pending "a material announcement regarding how NZOF progresses with a material asset." The company is making no further comment. However, information on the company's website suggests the announcement is likely to be regarding its potential involvement in developing an offshore oil field in Tunisia, known as Cosmos. In a "latest news" section relating to the...

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