New Zealand Oil and gas
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News

This section of our website includes all of our media releases, speeches and presentations. You can view a topic using the tag cloud, or by the date archive found on the right hand side.

News

Annual Meeting

Posted on 13 December 2019

Six resolutions were voted on by shareholders at the Annual Meeting of New Zealand Oil & Gas held in Wellington recently.

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Mahato Exploration Well Update

Posted on 10 December 2019

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has advised that the PB-1 exploration well has been drilled in the Mahato production sharing contract, onshore central Sumatra, Indonesia.

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Scheme Implementation Agreement Terminated

Posted on 22 November 2019

The scheme implementation agreement with O.G. Oil & Gas (Singapore) Pte. Ltd. (OGOG) was
terminated today.

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Scheme Meeting - Voting Results

Posted on 14 November 2019

The scheme of arrangement with O.G. Oil & Gas (Singapore) Pte. Ltd. (OGOG) was not approved by minority shareholders at the scheme meeting today.

To proceed, the scheme required 75% of the votes cast by minority shareholders (shareholders other than OGOG) to be in favour of it. The attached certificate from Computershare provides details of the voting outcome.

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Scheme Of Arrangement - Update On Voting

Posted on 8 November 2019

This announcement provides shareholder voting progress figures for the scheme of arrangement with O.G. Oil & Gas (Singapore) Pte. Ltd. (OGOG). The scheme will only proceed if 75% of the votes cast by minority shareholders (shareholders other than OGOG) are in favour of it.

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Scheme of Arrangement

Posted on 9 October 2019

The High Court has varied the original orders granted in relation to the proposed scheme of arrangement with O.G. Oil & Gas.

The variation postpones the court hearing to consider approval of the scheme to 3 December 2019. A copy of the amendment to the orders is attached.

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Scheme Of Arrangement

Posted on 8 October 2019

• Scheme price increased to 74 cents per share
• You can change your vote
• The scheme price will not be increased further.

The price being offered to minority shareholders under the proposed scheme of arrangement with O.G. Oil & Gas has been increased. The price increase was notified by OGOG following an approach from the independent directors of New Zealand Oil & Gas. OGOG is increasing the price on a “last and final” basis.

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New Zealand Industry Leader’s Address

Posted on 30 September 2019

2019 New Zealand Petroleum Conference

Andrew Jefferies, Chief Executive, New Zealand Oil and Gas
10:30am Monday, 30 September 2019

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Special Meeting - Independent Directors Unanimously Recommend Scheme Of Arrangement

Posted on 9 September 2019

A special meeting of New Zealand Oil & Gas shareholders will be held on Wednesday, 16 October to vote on a court-approved scheme of arrangement.

O.G. Oil & Gas (Singapore) Pte. Ltd. proposes to acquire all the shares in New Zealand Oil & Gas that it does not already own for a cash payment of NZ$0.62 per fully paid ordinary share.

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Initial court orders received for Scheme of Arrangement

Posted on 5 September 2019

Initial orders have been received from the High Court for the New Zealand Oil & Gas scheme of arrangement.

The court has ordered a special meeting of New Zealand Oil & Gas shareholders to be held to consider and vote on the proposed scheme of arrangement with O.G. Oil & Gas (Singapore) Pte. Ltd. ("OGOG").

 

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