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NZOG spuds in at Oi, seeking extended life for Tui
By Pattrick Smellie June 3 (BusinessDesk) - New Zealand Oil & Gas has started drilling in the Oi prospect in its latest play to extend the life of offshore infrastructure that is servicing the declining Tui oil field. Situated to the north of Tui in a different geological s...
Scales mulls mid-July NZX debut
By Suze Metherell June 3 (BusinessDesk) - Scales Corp, the fruit and vegetables logistics group controlled by private equity firm Direct Capital, says it is considering listing on the New Zealand stock exchange. It will release a prospectus mid-June and expects to debut on...
Postie Plus appoints administrator after bank pulls support
By Paul McBeth June 3 (BusinessDesk) - Postie Plus, the worst performing stock on the New Zealand stock market, has appointed administrators after its lenders withdrew support as the company continued to make ongoing losses. The Auckland-based retailer appointed David Bridg...
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