NEW ZEALAND

NZOG in the red on Pike River impact

NEW Zealand Oil & Gas has reported a net after-tax loss of $NZ99 million ($A74.5 million) for the December half year, primarily because of the tragic Pike River coal mine explosions and subsequent closure of the plant last November.

Wellington-headquartered NZOG yesterday announced total operating revenue of $40.5 million and a gross profit from operating activities of $NZ3.1 million for the six months. However, Pike River Coal...

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