NZOG

NZ Oil And Gas
The stock price for New Zealand oil and gas increase from $.75 to $.77 on the 14th of march
This happen due to NZOG purchasing Pike River Coal Ltd(which was in receivership) and its assets NZOG Chief Executive Andrew Knight says it is excellent news.
“The Receivers and Solid Energy both now have the objective of successfully completing the sale and purchase of PRCL and its assets, and are negotiating in good faith to achieve that. The purchase of PRCL expands their the amount for assets, thus they feel confident enough to increase their share prices. I expect the share prices to increase followed a period of constant share prices. Based on the rate of the increase in share prices for NZOG i do not expect it to be over $1 in the next 12 months Beacause of this you should buy shares from NZ oil and Gas