NZOG appoints broker for IPO

New Zealand Oil & Gas Limited announces that subsidiary Pike River Coal Limited has appointed McDouall Stuart Securities Limited as lead manager for Pike River's upcoming Initial Public Offering (IPO) of shares.

McDouall Stuart has a long relationship with NZOG and has assisted in raising $54 million for NZOG over the past eighteen months, including the recent rights issue and two institutional placements. McDouall Stuart is New Zealand's leading energy and resources sharebroking firm and has been lead manager for every New Zealand oil, gas and minerals capital raising in the last three years.

Offer documentation for the upcoming IPO is to be lodged for review with the New Zealand and Australian Stock Exchanges in early March 2007.

- REUTERS