NZ Oil & Gas (NZO)

[Balance]

Management of this company are devoid of any good ideas but seem happy to collect their large pay checks (500K+ for the CEO). Really these guys couldn't find oil in a petrol station.

That's rather unkind, notie. Let's give them some credit for trying to mix oil and coal to get a new combination. Bad combination unfortunately and it blew up in their faces.

[fish]

Hi digger ,

Tapis is now $107.68 .Do you think the rising price will result in the reassessment of finds previously declared to be uneconomic-such as TUI sw?, Certainly the rise in income will help fund new drills and increase the likelyhood of a reasonable dividend .

[blockhead]

Could it be that the great wall of shares for sale has finally evaporated ? It is starting to look promising I believe.

[Lion]

Why's that Blockie?

[blockhead]

There has for the last few months always been 1,2 or 3 hundred thousand shares on the sell side available wiithin 2-3c of the previous close, now that seems to have gone with 700,000 odd buyers in the 85 - 88c range and less than 100,000 shares available up to 92c.

[the machine]

incase not noticed, nzo 15% interest in ppp should now be a third of the way drilling towards the appraisal target in vietnam - success could add 450,000 barrels to nzo indirect reserves. new 3d was shot after the discovery in 2009.

M

[Silverlight]

Does anyone know where NZO sells their oil, which market, which exchange?

[impacman]

Does anyone know where NZO sells their oil, which market, which exchange?

Tapis market I believe.

Cheers,

I-man

[BigBob]

Does anyone know where NZO sells their oil, which market, which exchange?

Singapore at a small premium to TAPIS.

[notie]

With all this civil unrest in North Africa and the Middle East the oil price is going to sky rocket.