NZOG's capital return

NEW ZEALAND Oil & Gas shareholders authorised a $NZ100million ($A92.6 million) capital return by a "resounding majority" as the company says it may use some of its funds to support drilling of the deepwater Barque prospect – if it can gain third party backing.

NZOG's capital return NZOG's capital return NZOG's capital return NZOG's capital return NZOG's capital return
CEO Andrew Jefferies told a shareholder meeting last week that the company, which has now sold out of its Tui Area and Kupe projects in New Zealand's Taranaki Basin, will still have adequate funds