NZOG says potential Barque partners 'studying the data'; capital return approved

Wed, 12 Apr 2017

By Jonathan Underhill April 12 (BusinessDesk) - New Zealand Oil & Gas says potential partners for the deepwater Barque prospect off the Canterbury coast are "studying the data" and the company may be willing to put up more of its own capital if one of them comes on board. Chief executive Andrew Jefferies made the comments at a special meeting in Wellington where shareholders overwhelmingly approved a $100 million capital return through a scheme of arrangement. The funds are available after NZOG sold its 15 percent stake in the Kupe oil an...

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