Trading in the shares of New Zealand Oil & Gas Ltd

Monday, 15 March 2004, 11:07 am
Press Release: Securities Commission

Trading in the shares of New Zealand Oil & Gas Limited

The Securities Commission has completed a review of trading in the shares of New Zealand Oil & Gas Limited during January 2004.

The review considered whether or not directors of the company and other persons possibly in possession of non public, price-sensitive information relating to the company may have traded in the period.

The Commission has undertaken a thorough inquiry and based on its findings has decided not to take the matter any further.

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