NZOG shareholders question OG offer, new government policy on gas drilling

Mon, 30 Oct 2017

By Sophie Boot Oct. 30 (BusinessDesk) - New Zealand Oil and Gas shareholders had mixed views on the partial takeover offer from OG Ofer at the company's annual meeting in Wellington this morning, The oil and gas division of Ofer Global Group has offered 78 cents per share to lift its NZOG stake to a maximum of 70 percent, up from the 77 cents per share bid it initially floated. The new OGOG bid won over NZOG's independent directors who unanimously recommend shareholders accept the revised offer. NZOG's chair, Roger Finlay, said he wou...

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