Search results for: NZOG

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A list of search results

  • 11 October 2017

    New Zealand Oil & Gas has received an improved partial takeover offer from O.G. Oil & Gas (Singapore) Pte. Ltd for the acquisition of 67.55% of each class of the shares in NZOG it does not already hold or control. The initial offer made by OGOG for the acquisition of shares was made for a […]

  • 28 May 2012
    Business & Finance

    NZOG (New Zealand Oil & Gas Ltd) has entered into further conditional agreements that, upon completion, would result in NZOG taking on Operatorship and increasing its stake to 60% in the highly prospective offshore Taranaki permit, Kaheru. An application has been submitted to the New Zealand regulator, NZ Petroleum and Minerals, to extend the permit […]

  • 10 August 2017

    Zeta Energy, a Singapore-based company, has launched a takeover offer for New Zealand Oil & Gas Limited. The offer, of  $0.72 per fully paid share,  is for a partial takeover, meaning Zeta plans to buy an additional 41.955% of each class of the shares in NZOG not currently held or controlled by Zeta. If successful, […]

  • 24 February 2015
    Business & Finance

    Cue Energy, an independent oil and gas company based in Australia has recommended its shareholders to reject a takeover offer by New Zealand Oil & Gas, made earlier this month. On  February 12 2015, New Zealand Oil & Gas Limited (NZ Oil & Gas) announced an unsolicited, on-market takeover offer by its wholly-owned subsidiary, NZOG […]

  • 11 December 2012

    New Zealand Oil & Gas has been awarded two new exploration permits from the New Zealand Government’s 2012 Blocks Offer. The new exploration permits for two block covering around 635 square kilometres. The blocks awarded are 12TAR- 07 (PEP 54867), located onshore Taranaki and 12TAR-08 (PEP54857) situated offshore Taranaki.  Chief Executive Andrew Knight said:  “The […]

  • 19 September 2017

    New Zealand Oil & Gas has received a notice from O.G. Oil & Gas (Singapore) Pte. Ltd. of its intention to make a partial takeover offer to acquire 67.55% of each class of the shares in New Zealand Oil & Gas it does not already hold or control, for NZ$0.77 per share. If successful, the proposed […]

  • 4 June 2020
    Business & Finance, Business developments & projects, Market outlooks, Outlook & strategy

    New Zealand Oil & Gas (NZOG) is looking to increase its portfolio through the acquisition of producing assets, developing projects, and exploration prospects.

  • 22 December 2014

    New Zealand Oil & Gas (NZOG) has agreed to purchase 19.99 per cent of shares in ASX-listed exploration and production company Cue Energy.  The holding was purchased off market from Todd Petroleum Mining at AUDIO cents per share, for a total value of AUD$13.96 million. The agreement is expected to be completed today. NZOG Chief executive Andrew Knight […]

  • 12 December 2017

    NZOG has received government approval for the acquisition of Mitsui’s four percent interest in the Kupe gas and light oil field off New Zealand.

  • 14 December 2011
    Business & Finance

    NZOG (New Zealand Oil & Gas Ltd)  has executed an agreement to take a 40% stake in a Tunisian concession that contains an oil field which could be brought into production as early as 2014.  The Cosmos Concession in the Gulf of Hammamet, offshore Tunisia, contains the Cosmos South oil discovery. The concession was held […]

  • 4 January 2017

    New Zealand Oil & Gas (NZOG) has completed the sale of its 15 percent interest in the Kupe gas field off Taranaki, New Zealand. To remind, the company decided to sell its stake in the Kupe project to Genesis Energy in November 2016. NZOG said on Wednesday that the transaction was completed on January 1, […]

  • 24 June 2015

    New Zealand Oil & Gas (NZOG) has reported 604,736 barrels of oil from the Tui field offshore Taranaki, New Zealand, were lifted and shipped last week. As said in a statement, 166,302 barrels of the shipment belong to NZOG, which owns a 27.5% stake in the Tui area oil fields. The other Tui joint venture partners are AWE Limited […]

  • 17 January 2017
    Business & Finance

    New Zealand Oil & Gas (NZOG) has secured a 50.01 percent holding in its subsidiary, ASX-listed Cue Energy Resources. NZOG said on Tuesday that it acquired 13,514,462 Cue shares in the current financial year, increasing its interest from 48.11 to 50.01 percent. The total cost of the acquisition was AUD 1,124,338.44 ($845,806.08). New Zealand Oil […]

  • 14 February 2017
    Business & Finance, Project & Tenders

    After buying 57.5 percent of the Tui fields offshore New Zealand from AWE, Tamarind Management has now bought the remaining 42.5 percent interest from New Zealand Oil and Gas (NZOG) and Pan Pacific Petroleum (PPP). To remind, the Malaysia-based Tamarind entered into a $1.5 million deal with AWE back in December of 2016 for all of […]

  • 12 December 2017

    Singapore’s O.G. Oil & Gas (“OGOG”) has managed to secure the minimum acceptance threshold under its partial takeover offer for New Zealand Oil & Gas. According to OGOG’s statement on Tuesday, the acceptances when combined with its current shareholding in New Zealand Oil & Gas total more than 62% of New Zealand Oil & Gas’s […]

  • 16 December 2016
    Business & Finance

    New Zealand Oil & Gas (NZOG) has named acting chief executive officer (CEO) Andrew Jefferies as the company’s permanent chief executive. NZOG said on Friday that Jefferies, who was previously the company’s Vice President of Exploration and Production, has been the acting CEO since August. Chairman Rodger Finlay welcomed Jefferies’ skillset as the company progresses through […]

  • 6 July 2017

    New Zealand Oil & Gas has completed the previously announced acquisition of Mitsui’s four per cent interest in the Kupe gas and light oil field, offshore New Zealand for NZ$35 million. The transaction, announced in May, was subject to the Kupe joint venture participants’ pre-emptive rights and other consents and approvals. An NZX waiver was […]

  • 22 April 2013
    Business & Finance, Operations & Maintenance

    Octanex N.L. advises that a second 3D seismic survey has commenced in another of the Company’s offshore Taranaki Basin permits, PEP 52593 (Permit). The survey, named Karoro, is planned to acquire approximately 299km2 of new 3D data from within and adjacent to the Permit. The Karoro survey follows on from the Kokako survey that has […]

  • 21 February 2017
    Project & Tenders

    New Zealand Oil & Gas (NZOG) has revealed more prospective resources than initially thought after analyzing seismic data of the Barque prospect offshore New Zealand. The company informed on Tuesday it has updated its analysis of the Barque prospect offshore from South Canterbury and North Otago, and believes there is more potential than previously thought. NZOG […]

  • 14 December 2017
    Business & Finance

    Cue Energy’s non-executive director has resigned from his position with immediate effect.

  • 12 October 2012

    A conditional agreement has been reached for New Zealand Oil & Gas Limited to acquire a 6.667 per cent interest in Petroleum Exploration Permit (PEP) 38451, located offshore from Taranaki. Five per cent of the interest is carried. If the transaction is completed, NZOG would acquire 6.111 per cent from Global Resource Holdings, LLLP and […]

  • 2 May 2013

    New Zealand Oil & Gas has announced that acquisition of Karoro 3D seismic in PEP 52593 (Taranga) finished on time and incident free just before midnight last night. The partners in the permit, Octanex and New Zealand Oil & Gas, were required to acquire 225 square kilometres of 3D seismic data in the 3500 square […]