NZOG prowling for cheap assets as slide in oil price shakes out bargains

Fri, 29 Jan 2016

By Paul McBeth Jan. 29 (BusinessDesk) - New Zealand Oil & Gas is looking at several buying opportunities as plunging oil prices have flushed out sellers looking to restructure their portfolios. The Wellington-based energy exploration company is actively considering potential acquisitions as the global glut of oil continues to depress prices and prompts some investors to sell their assets, NZOG said in a statement. The company has been looking to hoover up undervalued assets when oil prices fell last year, and has previously pointed to ASX...

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