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New Zealand Oil & Gas Limited (ASX:NZO)
ALERT: Price-sensitive ASX Announcement for NZO
Current share price for NZO : $0.390 -0.025 (-6.02%)+
Announcement
Release
30 Jul 2024 1:31PM
Price at Release
$0.415
Full Release
Summary
New Zealand Oil & Gas Limited is set to change its name to Echelon Resources Limited (ASX: ECH) effective from 31 July 2024. This rebranding aligns with the company's evolved business operations, which now encompass a diverse, multi-regional portfolio. The name change symbolizes a move towards robust ESG standards and a strategic pivot towards gas to support the energy transition. Despite the new identity, the company maintains its commitment to ethics, strong values, and high-quality stakeholder relationships, aiming to deliver significant returns while emphasizing sustainable practices.
Key Points
- New Zealand Oil & Gas Limited to be renamed Echelon Resources Limited
- Effective from 31 July 2024
- New ASX ticker code: ECH
- Diversified asset portfolio across multiple regions
- Commitment to high ethical standards and strong values
- Focus on energy transition with a strategic pivot towards gas
- Ongoing commitment to rigorous scientific analysis and business cases
- High emphasis on ESG standards
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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