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The latest update is out from New Zealand Oil & Gas Limited ( (AU:ECH) ).
Echelon Resources Limited held its Annual Meeting where shareholders voted on two key resolutions. The election of Mr. R Ritchie as a Director was approved with 98.25% support, and the Board was authorized to fix the auditor’s remuneration with 99.90% approval. These decisions reflect strong shareholder confidence and are expected to support the company’s ongoing exploration and development activities.
More about New Zealand Oil & Gas Limited
Echelon Resources Limited, trading as Echelon (ASX:ECH), is an energy commodity exploration and production company focused on Australasia, with headquarters in Wellington, New Zealand. The company is engaged in ethical and values-based development and exploration activities, maintaining strong ESG standards. Its portfolio includes onshore and offshore oil and gas assets in Australia, New Zealand, and Indonesia, either directly or through a significant stake in Cue Energy Resources Limited (ASX:CUE).
Average Trading Volume: 18,590
Technical Sentiment Signal: Sell
Current Market Cap: A$77.26M
Learn more about ECH stock on TipRanks’ Stock Analysis page.