Investors in Pike River's part-owner no longer so pessimistic

Shares in NZ Oil & Gas (NZO) have partly rebounded after taking a big hit on Tuesday.A trading halt on NZO and its associate, Pike River Coal (PRC), was imposed on Monday in the aftermath of an explosion at PRC's mine on the West Coast.

Jamie Gray
Wed, 24 Nov 2010

Shares in NZ Oil & Gas (NZO) have partly rebounded after taking a big hit on Tuesday.

A trading halt on NZO and its associate, Pike River Coal (PRC), was imposed on Monday in the aftermath of an explosion at PRC’s mine on the West Coast.

When the suspension on NZO was lifted on Tuesday afternoon, the

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