Euro-Nat injunction
PA Auckland Euro-National Corporation, Ltd, and certain other shareholders on Oil Fields NL and United Resources Investment Holdings, Ltd, have obtained an interim injunction which restrains Oil Fields NL and its four directors from exercising, dealing with or disposing of 13,333,500 options of New Zealand Oil and Gas, Ltd, purchased from United Resources.
It also obtained an order which restrains United Resources Investment Holdings, Ltd, and four of its directors from disposing of or otherwise dealing with any of the 3,733,400 shares in Oil Fields NL allotted to United Resources.
A court hearing is set down for Monday.
The Euro-National directors said take-over documents to both companies will be dispatched to shareholders today.
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Bibliographic details
Press, 25 July 1986, Page 11
Word Count
115Euro-Nat injunction Press, 25 July 1986, Page 11
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