One of major names in the Oil & gas sector, the New Zealand Oil and Gas has recently said that it still has not ruled out the possibility of investing more in the Pike Coal River and has said that besides the fact that the shareholder of the company has shown some concerns on the same, it will be eying the earlier targeted extent of company’s involvement in the coal miner. It is to be mentioned here that the coal miner is one of the largest shareholder in Pike River wherein the company holds close to 30% stake.

The company is also the largest debt holder as well as it has invested close to $29 million in bonds and lend close to $25 million to the ailing miner. The investors of the Oil & Gas Company have tagged the performance of the company as the disappointing in the last year.

For the record, close to four exploration wells failed to produce anything in the last year which gave many reasons to question the performance of the company.

However, the Pike River stake deal is one of the largest concerns that shareholders have currently.