MARKETS

Sullivan moves on NZOG

ZETA Resources is seeking to mop up two cashed up New Zealand oilers, adding a partial takeover offer for New Zealand Oil & Gas to its scheme of arrangement with NZOG’s firmer sibling Pan Pacific Petroleum.

 Peter Sullivan.

Peter Sullivan.

The Peter Sullivan-chaired company has launched a bid for control of NZOG, which delisted from the ASX last year.   The NZ72cps (A$67cps) offer for NZOG is at a 15% premium for shares in the oil and...

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