The Accident Compensation Corporation (ACC) has built on its position as substantial shareholder in NZ Oil and Gas (NZOG).In a market announcement to NZX today, the state insurance provider moved to take 5.012%, up from 4.96% on 30 June 2010.
The Accident Compensation Corporation (ACC) has built on its position as substantial shareholder in NZ Oil and Gas (NZOG).
In a market announcement to NZX today, the state insurance provider moved to take 5.012%, up from 4.96% on 30 June 2010.
The move secures ACC’s position as second-ranked NZOG shareholder, behind National Nominees NZ at 5.9%. The New Zealand Superannuation Fund is also in the top five, with 2.9%.
The Wellington-based independent exploration and production company has been listed publicly since 1981 and holds interests in the producing Tui and Kupe fields.
Also today, NZOG announced that the installation of blowout preventers to the Kahu-1 exploration well off the Taranaki coast.
NZOG shares last traded up 4.2% to $1.240.
