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New Zealand Oil & Gas Limited ( (AU:ECH) ) has issued an update.
New Zealand Oil & Gas Limited has disclosed a change in the interests of director Andrew Jefferies in Echelon Resources Limited, reflecting an adjustment to his equity-based remuneration. On 22 December 2025, Jefferies was granted 675,257 additional options to acquire ordinary shares in Echelon Resources at an exercise price of A$0.43 per option under the company’s Employee Options Plan, increasing his total unquoted options holding to 3,157,825 while his holding of 50,000 listed ordinary shares remains unchanged. The move underscores the company’s continued use of option-based incentives to align director and executive interests with long-term shareholder value, modestly increasing Jefferies’ potential future stake in the business.
More about New Zealand Oil & Gas Limited
Echelon Resources Limited is an Australian-listed company, with its securities traded on the ASX. It operates within the resources sector, issuing ordinary shares and options as part of its capital structure and employee incentive arrangements.
YTD Price Performance: 3.40%
Average Trading Volume: 18,059
Technical Sentiment Signal: Sell
Current Market Cap: A$75.02M
See more insights into ECH stock on TipRanks’ Stock Analysis page.