Supportive of Receiver

NZ Oil and Gas is firmly supportive of the way the Pike River Coal receivers are running the sale process for the assets of the damaged mine.

The managing director of NZOG, David Salisbury, said on a morning briefing call with financial media that the sales process is at an early stage.

NZOG hopes to recover $50m of debt funds should the sales process be successful, says The Headliner. There could be more depending on the success of the sales process.

For full story: www.headliner.co.nz

ENDS

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