NZOG $2.7M loss
PA Wellington A petroleum explorer, New Zealand Oil and Gas, Ltd, has made a loss of $2,732,000 (loss of $4,865,000) for the year ended June 30. Turnover, all interest, was $2,526,000 ($3,003,000). The loss included extraordinary losses of $321,000 ($222,000). No dividend is
proposed. ’ NZOG has taxation losses ; to carry forward of $908,898 ■ (1984 $2,655,987). i Petroleum exploration ■ and licence costs written off ? this year were $4,400,680 ■ ($7,047,091). Shareholders’ j funds at the end of the year * were $21,456,695 ($24,188,609).
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Press, 19 September 1985, Page 38
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83NZOG $2.7M loss Press, 19 September 1985, Page 38
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