COMMENT:

The New Zealand Oil & Gas (NZOG) saga took another depressing turn this week when Andrew Hudson, chief executive of the Takeovers Panel, rejected approaches from NZOG shareholders with the comment: "the panel reached the view that the majority of complaints appear to relate to matters of opinion where different views might honestly and reasonably be held".

Hudson's statement was in response to "several complaints from various shareholders of NZOG in relation to the proposed acquisition of minority interests in NZOG by O.G. Oil Gas (OGOG) under a scheme of arrangement".

READ MORE:
Brian Gaynor: NZOG deal raises questions

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