OG Oil & Gas crosses 50% threshold in bid to win control of NZOG

Mon, 11 Dec 2017

By Paul McBeth Dec. 12 (BusinessDesk) - OG Oil & Gas has crossed the 50 percent threshold needed to win control of NZX-listed New Zealand Oil & Gas in a partial takeover of the local energy explorer and producer, meaning it now just needs regulatory approval to declare the deal done. The oil and gas division of Ofer Global today declared it holds 62.7 percent of NZOG's shares, up from 47.8 percent in its previous disclosure, including 17 percent from rival suitor Zeta Resources, according to a statement to the stock exchange. OGOG offere...

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