NZ Oil & Gas battens down the hatches but keeps $100m warchest
New Zealand Oil & Gas is conserving its operating cash burn but has nearly $100m to spend on distressed assets. With special audio feature.
New Zealand Oil & Gas [NZX: NZO] is battening down the hatches and cutting costs in the face of the plunge in oil prices.
But it’s holding on to nearly $100 million of cash, for now at least, because it thinks it may be able to buy distressed assets.
The company has reported a net loss of $45.2
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Jenny Ruth
Tue, 01 Mar 2016
Tue, 01 Mar 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
NZ Oil & Gas battens down the hatches but keeps $100m warchest
56036