NEW ZEALAND

Cue not sure of NZOG intentions

CUE Energy chairman Geoffrey King has sent a letter to shareholders advising them that he is still not sure of the intentions of recent substantial shareholder New Zealand Oil and Gas.

NZOG forked out $13.96 million for a 19.99% interest in its fellow explorer last month, purchasing the holding off market from Todd Petroleum, at 10c per share. "I have met with the chairman of NZOG...

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