OGOG offers 25% premium in NZOG buyout

Tue, 09 Jul 2019

By Margreet Dietz July 10 (BusinessDesk) - OG Oil & Gas has offered a 25 percent premium to buy out minority holders in New Zealand Oil and Gas. Singapore-based OGOG, the oil and gas arm of Ofer Global Group and 70 percent-owner of NZOG, is offering 62 cents for the shares of the Wellington-based explorer it doesn't already own. The NZOG board is recommending the offer, subject to confirmation the 62-cent offer prices is within or above the independent valuation yet to be determined by Northington Partners. NZOG shares closed at 49.5 c...

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