UPDATE: Zeta Resources bid for NZ Oil & Gas fails, H&G plans to accept OGOG offer

Wed, 18 Oct 2017

(Recasts lead and adds comment from H&G managing director David Cushing starting in paragraph five) By Rebecca Howard Oct. 19 (BusinessDesk) - Private investment firm H&G will accept Ofer Group Oil & Gas' offer for New Zealand Oil & Gas after ASX-listed Zeta Resources' play to seize control of the company did not meet the minimum acceptance condition and has lapsed. In September, Zeta Energy, a subsidiary of Zeta Resources, formally lodged its offer of 72 cents a share for 42 percent of NZOG's fully and partly paid shares it doesn't a...

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