Write-offs hit NZ Oil & Gas’ bottom line
Shares remain unchanged despite loss.
New Zealand Oil & Gas has posted a net loss of $2.9 million off the back of disastrous investments in Indonesia and Taranaki.
The NZX-listed company’s post-tax result has dropped 40% for the financial year ended June 30 from last year’s profit of $4.8m.
The company wrote off the Kisaran
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