OIL

Pan Pac distribution justified: NZOG

Notwithstanding interest in their current New Zealand drilling, New Zealand Oil and Gas executive...

NZOG finance manager, Mr Gordon Ward, said for a long time the company was of the opinion that the value of the Pan Pacific shares held by NZOG were not reflected in the NZOG share price.

"That was demonstrated by the fairly steady NZOG share since the distribution," he said.

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