NZ Oil & Gas (NZO)

[Toddy]

CUE and TEG have released their quarterly reports on the ASX.

[Toddy]

A bit of movement in the stock price today off the back of another solid quarter.

[Sideshow Bob]

A bit of movement in the stock price today off the back of another solid quarter.

Highest price for almost 2 years.....

[nztx]

NZ Nimble Oil & Gaseous sees some distant Gas nibbles:



https://www.nzx.com/announcements/431283


might help jack up things til next divie announcement time

[Toddy]

NZ Nimble Oil & Gaseous sees some distant Gas nibbles:



https://www.nzx.com/announcements/431283


might help jack up things til next divie announcement time

The Perth Basin drill is close. That's what I'm excited about.

[mike2020]

So its just us two then.

[Toddy]

So its just us two then.

The thread will only get busy when there is something for people to moan about. The NZ way.

[Sideshow Bob]

Genesis announcement but posting here.....

https://www.nzx.com/announcements/431437

Genesis Energy advises that the well intervention campaign at Kupe KS-9 has concluded, with work unable to produce sufficient flow to sustain operation of the well due to the reservoir pressure level and liquid inflows. As a result, maximum gas production is 47TJ/day.

Further interventions may be considered in due course. Lower than expected production is estimated to result in a $15m to $20m reduction in FY24 EBITDAF versus previous guidance of around $430m. Normal FY25 financial planning is underway and will include an assessment of updated Kupe production levels and reserves.

Malcolm Johns, CEO, commented: “Gas production across New Zealand continues to decline faster than expected and as previously stated, less gas means more coal. This reinforces the importance of Gen35 and Genesis remains focused on its long-term strategy.”

[Toddy]

Bad news for NZ.

Atleast NZO only has a 4 percent holding.

NZO will be sticking to it's growth strategy of investing in Australia and Indo.

[Toddy]

Nz oil and gas to delist from nzx....