N.Z. Petroleum Shares Jump
American speculators interested In mineral prospecting in New Zealand are responsible for the considerable increase in the value of the shares of the New Zealand Petroleum Exploration Company, Ltd. Yesterday the 50c shares rose another 30c to 150 c. They were 101 c at the end of 1967 and early in the year had been as low as 11c. “Americans are buying all the shares they can,” said a director. Although the success of the oil and gas finds In Bass Strait had been partly responsible for the interest in New Zealand, the most Important factor was the determination of Americans to gain a share In the control of prospecting in New Zealand.
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Press, Volume CVIII, Issue 31579, 17 January 1968, Page 18
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117N.Z. Petroleum Shares Jump Press, Volume CVIII, Issue 31579, 17 January 1968, Page 18
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