OG Oil & Gas keen on NZX-listing for NZOG in partial bid to keep future capital lines open

Mon, 18 Sep 2017

By Paul McBeth Sept. 19 (BusinessDesk) - OG Oil & Gas, the oil and gas division of Ofer Global Group, is pursuing a partial takeover of New Zealand Oil & Gas to keep the local energy explorer's NZX listing and the access to future capital it provides. The Ofer unit has offered 77 cents per share for a maximum of 70 percent of NZOG to trump a rival bid by Zeta Resources which OGOG chief executive Alastair McGregor says is the only way to preserve the opportunities in front of the Wellington-based company. Both companies have lodged partia...

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