NZ Oil & Gas (NZO)

[fish]

Well, Andrew has over 500k options exercisable at 47c, so no doubt he is motivated.

But given their track record/history, then hope to be surprised, but won't be holding my breath too much.
It is a lot more than this at far higher prices .
Senior NZo staff have options exercisable until I think end June next year at over 60 cents .
My guess is that they will be a good motivator as they are intended.
You probably know ogog directors do not take fees from NZo

[kiora]

If it was such good buy why wouldn't they load up now at .35c?

[fish]

If it was such good buy why wouldn't they load up now at .35c?
Well you cannot load up.
Only small amounts have been traded sub 42 cents
Andrew and ogog did buy into the 42 cents rights issue last year

[mistaTea]

https://oilprice.com/Energy/Crude-Oil/Occidentals-CEO-Sees-Oil-Supply-Crunch-from-2025.amp.html

Reinforces the arguments we made years back when Cindy banned exploration.

[fish]

https://oilprice.com/Energy/Crude-Oil/Occidentals-CEO-Sees-Oil-Supply-Crunch-from-2025.amp.html

Reinforces the arguments we made years back when Cindy banned exploration.

The importance of reducing emissions .
NZO have taken this path moving into gas-the clean transition fuel
Not to mention planting trees and providing curtains to the poor for insulation

[mistaTea]

The importance of reducing emissions .
NZO have taken this path moving into gas-the clean transition fuel
Not to mention planting trees and providing curtains to the poor for insulation

Yes. We need more O&G production and methods to reduce emissions.

Not reduce emissions by stopping production.

Gas important fuel to help transition, absolutely.

But oil will continue to be a fundamental fuel for many decades to come too.

[fish]

Yes. We need more O&G production and methods to reduce emissions.

Not reduce emissions by stopping production.

Gas important fuel to help transition, absolutely.

But oil will continue to be a fundamental fuel for many decades to come too.

No doubt .
The transition away from burning coal and oil will likely take most of this century !
Coal needs to be the first to go

[Toddy]

Is the seller still there. Waiting for them to take the bid at 37.5 as usual.

[fish]

Is the seller still there. Waiting for them to take the bid at 37.5 as usual.

Gone this morning and the sp is starting to rise-has a long way to go.
Next quarterly due in 12 days .

[Toddy]

I wouldn't say that they are gone. Their broker sells every 48 hours or so. Let's see if they sell today.
Unless they have decided to come along for the TEG ride.

[Toddy]

CUE had a good quarter. Net cashflows up AUD $5.8m.

[Sideshow Bob]

CUE had a good quarter. Net cashflows up AUD $5.8m.

CUE with a PE of <3, share price going nowhere.....

[Toddy]

CUE with a PE of <3, share price going nowhere.....

CUE has cleared the decks with the loan to NZO etc. They are in a position where they can make cash flow distribution decisions and still have money for the committed drill programmes.

2024 is a massive year for both Cue and NZO. The cashflows are real and aren't going to go away.

[mike2020]

Over 50% market cap in cash.

[Sideshow Bob]

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/NZO/425493/411775.pdf

Quarterly Activities Report. $46.4m cash in the bank - $0.207 per share.

[Toddy]

Higher bank balance and equity value from new drills.

Happy to hold.

[Toddy]

There is a good article in Business Desk with Shane Jones talking about oil and gas in NZ.

He is looking at Sovereign guarantees so the Governments can't come along and shut the Industry down.

[Toddy]

Seller(s) active with volume trades over the last week.

[Sideshow Bob]

https://www.nzx.com/announcements/426050

New Zealand Oil & Gas signs a conditional Gas Supply Agreement with Arafura RareEarths for up to 4.8 Petajoules (PJ) of gas to be supplied for a period of up to 5 yearsfrom 2026.

[fish]

https://www.nzx.com/announcements/426050

New Zealand Oil & Gas signs a conditional Gas Supply Agreement with Arafura RareEarths for up to 4.8 Petajoules (PJ) of gas to be supplied for a period of up to 5 yearsfrom 2026.

Sounds in the full announcement from central petroleum that this will be a very profitable agreement for all parties.
Arafura are backed by carmakers including Hyundai and construction is well ahead .
The plant is close to Alice springs so low pipeline costs .

[Sideshow Bob]

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/NZO/426122/412477.pdf

NEW ZEALAND OIL & GAS BUYS MORE OF THE MEREENIE GAS FIELD

Highlights
• Conditional acquisition of a further 25% interest in the Mereenie gas field, AmadeusBasin, NT, Australia
• Doubles Mereenie 2P Total reserves and increases NZO's net 2P Total Reserves by 41%
• Upfront payment of A$42.5m, to be adjusted for revenues and costs from 1 April 2023,and further contingent payments of up to A$9m
• 100% vendor debt facility of up to A$63m covers all purchase and transaction costs,with additional availability to fund development activity

[Toddy]

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/NZO/426122/412477.pdf

NEW ZEALAND OIL & GAS BUYS MORE OF THE MEREENIE GAS FIELD

Highlights
• Conditional acquisition of a further 25% interest in the Mereenie gas field, AmadeusBasin, NT, Australia
• Doubles Mereenie 2P Total reserves and increases NZO's net 2P Total Reserves by 41%
• Upfront payment of A$42.5m, to be adjusted for revenues and costs from 1 April 2023,and further contingent payments of up to A$9m
• 100% vendor debt facility of up to A$63m covers all purchase and transaction costs,with additional availability to fund development activity


This is a big deal. 100 percent financing which shows you the current strength of the portfolio.

Well done.

[Toddy]

Someone still desperately selling. Good opportunity to get in at these levels.

[Sideshow Bob]

Net production receipts for the last quarter for Amadeus Basin was $7.3m AUD for NZO, including Cue's share. It includes Dingo and Palm Valley but must be at least 85% of revenue from Mereenie.

Might take their net production receipts to around $12.5m AUD per quarter.

[mistaTea]

Someone still desperately selling. Good opportunity to get in at these levels.

Please remember the wise counsel of Phaedrus, more than a decade ago (https://www.sharetrader.co.nz/showthread.php?8469-Buying-in-a-Downtrend&p=350434&viewfull=1#post350434).

[Toddy]

Net production receipts for the last quarter for Amadeus Basin was $7.3m AUD for NZO, including Cue's share. It includes Dingo and Palm Valley but must be at least 85% of revenue from Mereenie.

Might take their net production receipts to around $12.5m AUD per quarter.


The numbers all look good. And budding up with Horizon all goes well for the future.

I've been in this stock roughly a year now. Average buy in price 38.5 cents.

Every single market discosure over that period have all been progressive apart from one dud well in Indo.

[Toddy]

Please remember the wise counsel of Phaedrus, more than a decade ago (https://www.sharetrader.co.nz/showthread.php?8469-Buying-in-a-Downtrend&p=350434&viewfull=1#post350434).

When investing you pick a strategy and stick to it. My strategy is based on strong balance sheets and cashflows and I always have a solid 'stop loss' limit in place.

[fish]

The numbers all look good. And budding up with Horizon all goes well for the future.

I've been in this stock roughly a year now. Average buy in price 38.5 cents.

Every single market discosure over that period have all been progressive apart from one dud well in Indo.

35pj extra of gas has a value of around au$ 500,000,000 at todays prices and yesterdays announcement of a large volume contract,inflation adjusted complements .

do your numbers agree Toddy

[mike2020]

Maybe a stupid question but why finance when the cash is currently on hand?

[Sideshow Bob]

Please remember the wise counsel of Phaedrus, more than a decade ago (https://www.sharetrader.co.nz/showthread.php?8469-Buying-in-a-Downtrend&p=350434&viewfull=1#post350434).

In recent months, NZO hasn't been in a downtrend, its been in a nowhere trend......:sleep:

Good example however on the ASX thread with HCL :glare:

[ValueNZ]

Please remember the wise counsel of Phaedrus, more than a decade ago (https://www.sharetrader.co.nz/showthread.php?8469-Buying-in-a-Downtrend&p=350434&viewfull=1#post350434).

That dude is a bloody idiot.

[Sideshow Bob]

That dude is a bloody idiot.

One of the more respected posters here......

[Snoopy]

That dude is a bloody idiot.


One of the more respected posters here......

We need to keep in mind that this isn't necessarily an 'on line disagreement'. Both ValueNZ and Sideshow Bob could be correct! ;-P

SNOOPY

[mfd]

That dude is a bloody idiot.

Either that, or playing a different game to you. Like a soccer player calling a rugby player an idiot for picking up the ball.

[Toddy]

Probably just trying to make a point re technical trading.

The footballers like most of us just wonder why you would take an athlete, add 20kg plus to them so that well, you don't get to witness the world class athlete anymore as they are carrying too much unnatural weight.

[Toddy]

I see that TEG is in a trading halt re a proposed capital raising for the upcoming drilling program.

[Toddy]

And with STX drilling a dud next door a rig might be available sooner than we think.

[Toddy]

TEG has got firm commitments for AUD 5m plus 1.5m from entitlement offer. This money is for the Perth Basin projects.

This is good news for NZO as everything is now locked in.

Drilling is planned for Q2-Q3 this year.

[Toddy]

Cue dividend.....

[Toddy]

2 cents special dividend and implementing a dividend policy from NZO controlled subsidiary.

[Waiuta]

That is great news Toddy and should see both NZO and CUE's SP move. I have just seen the announcement and all I can say is thanks to all the long term shareholders who have been petitioning Matthew for this or a buy back, particularly with CUE.

[Toddy]

That is great news Toddy and should see both NZO and CUE's SP move. I hope that news is correct as I and many others have been waiting years for this.

Check out asx announcements and hotchopper cue. Exciting times!

[JBmurc]

Now will NZO pay their S/Hs a Dividend? or go into the cash pile ..

[Sideshow Bob]

Now will NZO pay their S/Hs a Dividend? or go into the cash pile ..

3.1cps.......would be a nice little dividend.

Nothing in the NZO announcement on what they'll do with the funds

[blackcap]

Now will NZO pay their S/Hs a Dividend? or go into the cash pile ..

Why would NZO pay a dividend? Makes no sense for OG.

[Joshuatree]

Great stuff and divis sustainable going ahead although maybe not so big.Holding both ATM

[Sideshow Bob]

Why would NZO pay a dividend? Makes no sense for OG.

NZO/OG effectively control Cue and they are paying a divvy.

[Toddy]

Cue sp currently up 30 percent in morning trading.

[Sideshow Bob]

............

[Sideshow Bob]

HY Result

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/NZO/427121/413956.pdf

[Sideshow Bob]

Why would NZO pay a dividend? Makes no sense for OG.

Special 3c AUD divvy declared by NZO (not imputed or franked).

[Sideshow Bob]

Special 3c AUD divvy declared by NZO.

Further announcement re dividend.....

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/NZO/427123/413958.pdf

[blackcap]

Special 3c AUD divvy declared by NZO (not imputed or franked).

Wow thats cool sort of. Not imputed or franked sucks for holders. Unless its a capital return.

This will help long suffering NZO shareholders. Well done for holding on. I may have to look at entering again as the company has some interesting prospects.

[Waiuta]

Further announcement re dividend.....

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/NZO/427123/413958.pdf

Great news for all of us long term shareholders. I'm unsure what is the most efficient way to receive the dividend as I don't have a Aus. bank account. I'm unsure also of the Aus. tax implication. Any ideas?

[blackcap]

Great news for all of us long term shareholders. I'm unsure what is the most efficient way to receive the dividend as I don't have a Aus. bank account. I'm unsure also of the Aus. tax implication. Any ideas?

If you are a NZ resident tax payer, there are absolutely no Aussie tax implications. You are governed under NZ tax law, NZO is a NZ company, so you just pay tax on dividends at the NZ marginal tax rate. Simple.

[Toddy]

It felt like a pretty lonely investment over the last year as people trashed my analysis.

A dividend policy plus exciting drilling program ahead should bring a number of new investors on board.

The stock will be rerated for sure.

[fish]

If you are a NZ resident tax payer, there are absolutely no Aussie tax implications. You are governed under NZ tax law, NZO is a NZ company, so you just pay tax on dividends at the NZ marginal tax rate. Simple.

You have said in the past that NZo have no accrued imputation credits-with possible dividends every 6 months as a company policy when do see imputation credits being attached?

Wonderful that the board has listened and provided to minority shareholders.

Looking forward to a great future.
Might see you at the next agm

[Toddy]

Now will NZO pay their S/Hs a Dividend? or go into the cash pile ..
Can we call this day the unlocking of the 'capital trap'.

[Waiuta]

If you are a NZ resident tax payer, there are absolutely no Aussie tax implications. You are governed under NZ tax law, NZO is a NZ company, so you just pay tax on dividends at the NZ marginal tax rate. Simple.
Thank you Blackcap. I have both CUE and NZO on the Aussi board so as a non resident what is the best way to receive these long awaited divies?

[Sideshow Bob]

It felt like a pretty lonely investment over the last year as people trashed my analysis.

A dividend policy plus exciting drilling program ahead should bring a number of new investors on board.

The stock will be rerated for sure.

A few gone through today, and last trade at 41c. (VWAP at 38.88c)

Although the 'asks' have been almost cleaned up......only 108k at 60c, a massive 113 at $1.00 and a hopeful 10,000 at $1.20. :lol:

[blackcap]

Thank you Blackcap. I have both CUE and NZO on the Aussi board so as a non resident what is the best way to receive these long awaited divies?

What do you mean by "receive"? The registry should have your bank account details and the company (via the registry) should bank the money into your account. You should also receive a complementary dividend statement from the registry as well showing the Gross amount of the dividend, the imputation credits if any, and the resident witholding tax paid.

[Waiuta]

What do you mean by "receive"? The registry should have your bank account details and the company (via the registry) should bank the money into your account. You should also receive a complementary dividend statement from the registry as well showing the Gross amount of the dividend, the imputation credits if any, and the resident witholding tax paid.
Thanks, yes they have the bank detail and I understand the dividend statement etc, I have never had Aust dividends and was unsure how the cost of their unfranked system worked for non residents.

[blackcap]

Thanks, yes they have the bank detail and I understand the dividend statement etc, I have never had Aust dividends and was unsure how the cost of their unfranked system worked for non residents.

I don't know what you mean by "cost of unfranked system"?

NZO are a NZ company and will pay NZ residents NZ dividends. Maybe in AUD but it is still a dividend. They will have to pay RWT if there are no imputation credits to attach.

[fish]

Can we call this day the unlocking of the 'capital trap'.

I doubt you will get a reply from jbmurc as he sold out of his CUE and tried convincing everyone to do the same with nzo

[Toddy]

He is too busy on Hotchopper Cue chat highlighting all of the risks as the sp heads north.

[fish]

He is too busy on Hotchopper Cue chat highlighting all of the risks as the sp heads north.

lol
My estimation is that we will see the sp over 70 cents in the next 15 months
The directors said at the AGM they had listened to minority shareholders
They have always been true to their word

[Toddy]

Cue up 50 percent to 10 cents for the day.

Impressive and shows you that the shareholders wanted a dividend to give them confidence that the cash was going to be shared around.

[JBmurc]

He is too busy on Hotchopper Cue chat highlighting all of the risks as the sp heads north.

That's utter rubbish .. was a brilliant announcement today complete change of tack from CUE after how many years? of S/Hs wanting action to address the YoY SP stagnation ...
..
And even NZO mgmt couldn't but join the happy change and pass on CUEs funds to all NZO S/Hs...

How could I be Negative on what I seen as the smartest play by mgmt ?? go read the old CUE thread in black n white

[JBmurc]

CUE spent 38 months going sideways .. moving into an energy yield play fixed this FINALLY !!!

Exactly as I hoped and put across to CUE MD Matt Boyd when he asked the question of what I was hoping to see from CUE going forward as a major S/H at the time.... ENERGY YEILD PLAY !!!! FFS!! up 50% today with prob more to come ..

[digger]

Thanks, yes they have the bank detail and I understand the dividend statement etc, I have never had Aust dividends and was unsure how the cost of their unfranked system worked for non residents.

Waiuta,I have had HZN dividends for a number of years. These are paid into my NZ account and no tax is deducted. The tax is a resedent withholding tax only.. So my accountant then sorts it out. My company has tax losses so I paid no tax but I did lose naturally a lot of my carried forward loses. HZN is Horison oil and an purely Aus company

[mistaTea]

That's utter rubbish .. was a brilliant announcement today complete change of tack from CUE after how many years? of S/Hs wanting action to address the YoY SP stagnation ...
..
And even NZO mgmt couldn't but join the happy change and pass on CUEs funds to all NZO S/Hs...

How could I be Negative on what I seen as the smartest play by mgmt ?? go read the old CUE thread in black n white

I too think it is a nice bit of good news for NZO shareholders that they are getting a dividend.

But let’s not get carried away - it’s AU 3cents per share and will be fully taxed in NZ. So you will get AU 2 cents.

That’s still better than a kick in the arse but no call (yet) to say things are going to be amazing for NZO from here on out. HALLELUJAH.

I wish everyone who still owns the stock well, but urge caution as this company has a checkered past.

Even after the bump the SP is 10 cents lower than when I sold 3 years ago.

Very good result for any newcomers who bought a bunch of shares starting with a 3, but a long way to go for long term shareholders who bought in with a much higher average price.

[blackcap]

I too think it is a nice bit of good news for NZO shareholders that they are getting a dividend.

But let’s not get carried away - it’s AU 3cents per share and will be fully taxed in NZ. So you will get AU 2 cents.

That’s still better than a kick in the arse but no call (yet) to say things are going to be amazing for NZO from here on out. HALLELUJAH.

I wish everyone who still owns the stock well, but urge caution as this company has a checkered past.

Even after the bump the SP is 10 cents lower than when I sold 3 years ago.

Very good result for any newcomers who bought a bunch of shares starting with a 3, but a long way to go for long term shareholders who bought in with a much higher average price.

You are spot on. You only get 2 cents, and the stupid thing is that NZO give that other 1c to the IRD.

Actually its bad capital management and I am sure the NZSA will call them out on it.

NZO are effectively giving the IRD a few million for nothing. (with the proviso that I am not sure how the dividend to OG works, in that there may not be payments to IRD. But for NZ tax residents there will be)

[Toddy]

At Aussie 2 cents that's approx a 6 percent interim dividend. With a new dividend policy in place and good looking financial outlook then we can all look forward to a year end dividend and many more to come.

Too many people look backwards in life.

[Toddy]

CUE spent 38 months going sideways .. moving into an energy yield play fixed this FINALLY !!!

Exactly as I hoped and put across to CUE MD Matt Boyd when he asked the question of what I was hoping to see from CUE going forward as a major S/H at the time.... ENERGY YEILD PLAY !!!! FFS!! up 50% today with prob more to come ..

Yes all good. I did understand your point about locked capital. But that's all history now!

Let's see how NZO plays out over the next few weeks on the market.. The Aussies are always more onto it. Kiwis take a while to warm up.

[mistaTea]

At Aussie 2 cents that's approx a 6 percent interim dividend. With a new dividend policy in place and good looking financial outlook then we can all look forward to a year end dividend and many more to come.

Too many people look backwards in life.

Your ‘high yield’ remarks are just a reflection on how low the SP is, not how amazing the dividend is.

2c is a very low yield to the majority of shareholders who bought in much higher than what the SP has been (including OGOG who bought in at 74c).

[fish]

Your ‘high yield’ remarks are just a reflection on how low the SP is, not how amazing the dividend is.

2c is a very low yield to the majority of shareholders who bought in much higher than what the SP has been (including OGOG who bought in at 74c).

Let’s not quibble about the dividend .
1 cent tax is trivial compared to the big picture in yesterdays 1/2 year report .
Earnings increasing all the time-and long-term contracts at much higher than historic prices will ensure this continues for years .
New assets will see this likely continue for decades.
You have repeatedly stated the board will ignore minority shareholders.
This proves you wrong .
Andrew Jefferies has been the absolute best and will continue to find the right investments and grow NZo.
The board now has a policy to review if they are in a position to reward shareholders for their confidence and support every 6 months .
This dividend is minor compared to the rising share price.
I believe it’s more likely than not that the sp will be over 70 cents in 15 months .

[mistaTea]

Let’s not quibble about the dividend .
1 cent tax is trivial compared to the big picture in yesterdays 1/2 year report .
Earnings increasing all the time-and long-term contracts at much higher than historic prices will ensure this continues for years .
New assets will see this likely continue for decades.
You have repeatedly stated the board will ignore minority shareholders.
This proves you wrong .
Andrew Jefferies has been the absolute best and will continue to find the right investments and grow NZo.
The board now has a policy to review if they are in a position to reward shareholders for their confidence and support every 6 months .
This dividend is minor compared to the rising share price.
I believe it’s more likely than not that the sp will be over 70 cents in 15 months .

All good and well, best of luck moving forward.

As I stated in my earlier post - I think NZO forking out a dividend to long suffering shareholders was a nice bit of 'good news'.

But let's not get carried away. All they have done is pass on the CUE dividend. It would be pretty hard for them to justify not to.

Ultimately, OGOG will prioritise their own interests over miniroty shareholders. That is just a fact of human nature.

Enjoy your divvy, fingers crossed they can keep up the payments (and even increase them over time).

But I would just suggest cautious optimism here. The 2c (after tax) divvy is nice but certainly no cause to start some happy-clappy hymm singing.

[Toddy]

All good and well, best of luck moving forward.

As I stated in my earlier post - I think NZO forking out a dividend to long suffering shareholders was a nice bit of 'good news'.

But let's not get carried away. All they have done is pass on the CUE dividend. It would be pretty hard for them to justify not to.

Ultimately, OGOG will prioritise their own interests over miniroty shareholders. That is just a fact of human nature.

Enjoy your divvy, fingers crossed they can keep up the payments (and even increase them over time).

But I would just suggest cautious optimism here. The 2c (after tax) divvy is nice but certainly no cause to start some happy-clappy hymm singing.

MistaTea. Are you a holder of either CUE or NZO stocks?

[mistaTea]

MistaTea. Are you a holder of either CUE or NZO stocks?

That is a negative.

[Toddy]

The constant seller who has been dumping into the 36s recently should make the market and put some decent volume up for sale.

You know you want too.

Unless they have decided that all is forgiven

[Waiuta]

Waiuta,I have had HZN dividends for a number of years. These are paid into my NZ account and no tax is deducted. The tax is a resedent withholding tax only.. So my accountant then sorts it out. My company has tax losses so I paid no tax but I did lose naturally a lot of my carried forward loses. HZN is Horison oil and an purely Aus company

Thank you Digger.

[cycat64]

I wonder how many others have received an email asking them to update bank details. My details are the same as the last time I received a dividend though of course NZO have changed from Computershare NZ to AUS. I tried to check but alas they require an HIN or SRN, neither of which for the life of me I can find. CSN yes. Interestingly, when I now check my holdings on Computershare AUS I note NZO missing. I have never had occasion to check before. Any suggestions for this poor long-suffering elderly investor?

[SPC]

Sounds like your holding is still on the NZ register so check there. They are dual listed.
You had to request your shares to be transferred to the ASX several years ago, in the interests of listing in a bigger market (Au). I think most did, perhaps you didn't ?.
At the time of transfer to the Australian register NZO promised that NZ banking details would be transferred to Computershare Australia, I've yet to check they have...any comments anyone?

[fish]

I wonder how many others have received an email asking them to update bank details. My details are the same as the last time I received a dividend though of course NZO have changed from Computershare NZ to AUS. I tried to check but alas they require an HIN or SRN, neither of which for the life of me I can find. CSN yes. Interestingly, when I now check my holdings on Computershare AUS I note NZO missing. I have never had occasion to check before. Any suggestions for this poor long-suffering elderly investor?

As SPC comments you are likely to still be on the nz register .
Check to confirm this on nz computershare.
I had to actively get my broker to transfer some of my shares to the au register -I split my holdings.

[Getty]

Good interchange of opinion and help between posters, and good to see some infrequent posters back.
I'm not currently a shareholder, but would have thought what is good for OG is good for small shareholders too.

Bearing in mind exploration is continuing, and burns cash, in the hope of striking the prize, which then benefits everyone, l don't think giving away cash now, which is taxable in the hands of the shareholders is a good idea.

However the market has spoken, and they think it's great.

[fish]

Good interchange of opinion and help between posters, and good to see some infrequent posters back.
I'm not currently a shareholder, but would have thought what is good for OG is good for small shareholders too.

Bearing in mind exploration is continuing, and burns cash, in the hope of striking the prize, which then benefits everyone, l don't think giving away cash now, which is taxable in the hands of the shareholders is a good idea.

However the market has spoken, and they think it's great.

After being badly burnt with Ironbark it’s a big relief that strategy has changed .
Now relatively low cost land based drills in Australia .
The music I like
Amadeus is classic for what NZo are seeking.
Seismic and interpretation is so much easier so much greater certainty of success .
As for a cash dividend it’s from the cue dividend and I guess somebody has to pay tax on profit .
The earnings from cue and NZo are phenomenal -around 10 cents per share and nta about double the sp.
A share buyback would be wonderful for NZo and its shareholders .
I suspect they are holding back for fear it might reduce liquidity.
I do not share this fear as I know several big shareholders would sell some of their holdings if the sp better reflected value

[arjay]

Sounds like your holding is still on the NZ register so check there. They are dual listed.
You had to request your shares to be transferred to the ASX several years ago, in the interests of listing in a bigger market (Au). I think most did, perhaps you didn't ?.
At the time of transfer to the Australian register NZO promised that NZ banking details would be transferred to Computershare Australia, I've yet to check they have...any comments anyone?

I have a similar problem. NZO appear to no longer be listed on the NZ Computershare register - my CSN number won't therefore bring anything up because NZO isn't on their list. I can't register on the AU Computershare site without a SRN number for my shares, and I need to register to confirm my bank details. I've filled in their 'ask a question' tool to ask about this and hope they answer. I'd have thought they would have contacted us with the SRN numbers when they moved to the new register.

[Sideshow Bob]

I have a similar problem. NZO appear to no longer be listed on the NZ Computershare register - my CSN number won't therefore bring anything up because NZO isn't on their list. I can't register on the AU Computershare site without a SRN number for my shares, and I need to register to confirm my bank details. I've filled in their 'ask a question' tool to ask about this and hope they answer. I'd have thought they would have contacted us with the SRN numbers when they moved to the new register.

I’m in the same boat.

There is a NZ 0800 number to call in the email from NZO about the dividend. So will call them next week.

[SPC]

You won't be on the Au Computershare register unless you accepted to do so during the OGOG takeover in June 2022.
You had to opt in to transfer your holding to the ASX or else your holding remained domiciled in NZ. Computershare NZ transferred my holdings to the ASX and I received confirmation 3 days later from Computershare Australia including my SRN.
Maybe you missed the relevant correspondence at the time?.

[Toddy]

I didn't receive any email about the dividend.

[Sideshow Bob]

I didn't receive any email about the dividend.

They may have your details already Toddy.


New Zealand Oil & Gas Limited’s (NZO or the Company) proposed dividend payment to shareholders was recently announced for those shareholders on the register at the record date of 27 March 2024.

In order for you to receive your dividend payment by direct credit without delay, you will need to provide your bank account details.
What you need to do
Please update your details at:
www.computershare.com.au/easyupdate/NZO (https://www.computershare.com.au/easyupdate/NZO)
You will require your Securityholder Reference Number (SRN) or Holder Identification Number (HIN) to access the site.
Any queries or updates to your shareholding should be directed to Computershare online at www.investorcentre.com (https://www-au.computershare.com/Investor/) or via phone 1300 850 505 (tel:1300%20850%20505) (within Australia), 0800 467 335 (tel:0800%20467%20335) (within New Zealand) or +61 (03) 9415 5000 (tel:+61%20(03)%209415%205000) (overseas).
New Zealand Oil & Gas Limited

[Toddy]

K. Will get onto it.

It will be interesting to see how long it takes to flush out the shareholders that want to exit.
In the meantime those that are happy with the new dividend policy and company strategy can sit back.

[Sideshow Bob]

I have a similar problem. NZO appear to no longer be listed on the NZ Computershare register - my CSN number won't therefore bring anything up because NZO isn't on their list. I can't register on the AU Computershare site without a SRN number for my shares, and I need to register to confirm my bank details. I've filled in their 'ask a question' tool to ask about this and hope they answer. I'd have thought they would have contacted us with the SRN numbers when they moved to the new register.

Likely your SRN is L0 (zero from the letter O), then your CSN number.

[mike2020]

No 0 is a number. LO.........

[THEONE]

I had allot of issues trying to sell me NZO shares. They where held as ASX shares by computershare NZ not computershare australia. So my broker couldnt see them. I think ASB sorted it out for me. I think allot of people will have this issue with shares in the "either"probably todo with when they changed to ASX as primary listing.

[mike2020]

I bought some on the nzx earlier this year, no issues as far as I can see. I just did some quick math and the same money in CUE makes over twice the divs. I find this interesting because I bought nzo with the intent of ditching CUE now I am unsure of what to do. CUEs an earner now but NZO has some exploration upside later this year plus earns from CUE.

[blackcap]

I bought some on the nzx earlier this year, no issues as far as I can see. I just did some quick math and the same money in CUE makes over twice the divs. I find this interesting because I bought nzo with the intent of ditching CUE now I am unsure of what to do. CUEs an earner now but NZO has some exploration upside later this year plus earns from CUE.

I sold my CUE today for 11. Going to switch to NZO. You still get 50% cue with an NZO investment.

[mike2020]

I sold my CUE today for 11. Going to switch to NZO. You still get 50% cue with an NZO investment.

That was my thinking but I was waiting for something positive to happen with CUE. I have held them since the SOA with OGOG on NZO, I have been very patient so far.

[digger]

I tried the so called EASY UPDATE for payment instructions.
I ended up with ANZ is invalid and so is Morrinsville,and my bank account number is also invalid.

Will be going to the Morrinsville bank today to let them know they do not exist and my bank account number I have used for countless years is wrong. God knows maybe Morrinsville does not exist.

any ideas what I am doing wrong on this easy update. After this I do not want to experience a hard update

[mike2020]

Call the number on the email. I did. They just said your all up to date no worries.

[JBmurc]

I sold my CUE today for 11. Going to switch to NZO. You still get 50% cue with an NZO investment.

Yes, not a silly move .. I like NZO Aussie forward Project focus Perth basin+NT gas Vs CUE more Indo focus.. Mahato has been brilliant but must be on the downside of the production curve now ...also the Indo Govt take a big chunk of the production cut once the CAPEX has been made in profit from production ... CUE next Project "Paus biru" Indo gas if they ever make a FID and push that project forward..

[digger]

Call the number on the email. I did. They just said your all up to date no worries.

Thanks Mike. I did that and got the same reply. All up to date no worries

[Toddy]

I didn't get the email. What's the number to call?

[digger]

I didn't get the email. What's the number to call?

0800 467 335

[Toddy]

Thanks, will get onto sorting.

[Toddy]

Triangle Energy has released documents for a Corporate presentation update on the ASX.

It's a good summary of the plans for the drilling programme in the Perth Basin.

The first drill is scheduled for Q2 2024.

Im pretty excited about the drills and NZO can afford to roll the dice, mean while it's BAU with its current production.

[digger]

Thanks, will get onto sorting.

Toddy,the number I actually rang was 09 4888777. I think I got that number from NZOG web site.,but the number on the email set to me was the one I gave the other day. Between the two you should get contact

[mistaTea]

Up 0% in the last year and down about 15% from 2 years ago despite the tax inefficient divvy some are salivating over.

Might need winner in her chanting this is our year up the wahs soon.

[Toddy]

Up 0% in the last year and down about 15% from 2 years ago despite the tax inefficient divvy some are salivating over.

Might need winner in her chanting this is our year up the wahs soon.

I thought you were quoting the Nzrfu viewing stats there for a minute.

If you don't believe in the Wahs then you have definitely lost the faith.

[mistaTea]

I thought you were quoting the Nzrfu viewing stats there for a minute.

If you don't believe in the Wahs then you have definitely lost the faith.

Ha! Good one. I did snort when I read that, truth be told.

[Toddy]

Rig news on the Booth drill can't be too far away.

Then the fun really starts.

[Toddy]

Just off the phone with Computershare Australia. The staff there had a meeting to discuss all of the confusion.
Im not sure if it's common to have trading on NZX but registry is in Australia.
The sooner the lot gets transferred from the NZX so that there is just ASX trading the better.

Does anyone know the plan regarding this?

Im sure that NZO management will be looking into it as the dividend process has highlighted the inefficiency of two trading platforms.

[mike2020]

I used that easy update today for CUE. It was as it should be. Easy. If you have a number that starts with an X and you know your own bank account and phone number, your in.

[Toddy]

NZO has given us SRNs starting with 'L' letters. The Computershare staff want X SRNs.
Anyway, hopefully it will be sorted before the next dividend.

On a positive, the Aussie registry thinks that my shares are Australian. So they are worth more on paper. Shown in AUD and at the ASX price.

[nztx]

NZO has given us SRNs starting with 'L' letters. The Computershare staff want X SRNs.
Anyway, hopefully it will be sorted before the next dividend.

On a positive, the Aussie registry thinks that my shares are Australian. So they are worth more on paper. Shown in AUD and at the ASX price.



One of the pitfalls of only paying a Div once in a blue moon - catch the Registry in a deep sleep out back ;)

how they going to get dividend paid out on this side of ditch ? ;)

[Sideshow Bob]

I got told quite categorically by Computershare staff that NZO didn't trade on the NZX. :mellow:

Very much a lack of customer service - but then again they don't generally get revenue from shareholders.

[Toddy]

It will probably more than likely turn out to be a good thing. Just another reason to simplify the registry and move off the NZX.

Anyone think of a reason why NZO still needs to trade on NZX?

[nztx]

It will probably more than likely turn out to be a good thing. Just another reason to simplify the registry and move off the NZX.

Anyone think of a reason why NZO still needs to trade on NZX?


Probably a bunch of legacy long suffering punters on this side. Reg Office & HQ in NZ ?

After past treatment & Take-out antics of the past - shutting up shop here might be a move too far

but they might try dumping the NZX listing now after throwing a few Aussie pennies around ;)

the smell of a Div might get the Aussies a bit more excited, but a name change perhaps needed ?

[Toddy]

Probably a bunch of legacy long suffering punters on this side. Reg Office & HQ in NZ ?

After past treatment & Take-out antics of the past - shutting up shop here might be a move too far

but they might try dumping the NZX listing now after throwing a few Aussie pennies around ;)

the smell of a Div might get the Aussies a bit more excited, but a name change perhaps needed ?

ASX, here we come. .

[digger]

ASX, here we come. .

What do you mean 'here we come' . I thought we had come way back when we had the cash issue about three years ago.. At least I thought that was the intension.

[Toddy]

What I mean is an official delisting from the NZX and shifting too ASX permanently.

Should be a simple exercise as the ASX side is already set up.

[JBmurc]

It will probably more than likely turn out to be a good thing. Just another reason to simplify the registry and move off the NZX.

Anyone think of a reason why NZO still needs to trade on NZX?

makes sense to only be on one exchange ..that and a change of name with it ..if they plan to keep trading going forward

[Toddy]

Another week has gone by. It's a slow burner waiting for any long term suffering disgruntled shareholders to show their hands and put some decent volumes on the offer.

At what price (ROI) does the definition of 'long term suffering disgruntled shareholders' becomes happy shareholders.

This definition surely belongs to a raft of other NZX stocks that are way more qualified at losing shareholders money with negative outlooks and crap balance sheets.

[mike2020]

Toddy it was surprising how much a dividend stimulated activity in a stagnant CUE. All NZO seems to be getting at this point is CUE's payment. I think CUE will now pay a regular div the way I read it, so you might see some interest around actual cash flowing through NZO, but I suspect you need the Triangle drill done before you look at NZO from a cash flow point of view on it's own. I bet long term holders see little point in selling at todays levels.

If CUE sold that would make things interesting.

[mike2020]

8% div just on CUE's first payment with the expectation of regular divs from CUE in the future. Add on anything NZO might start to pay and you could be looking well north in the near future.

[Toddy]

The neighbour at Perth Basin had positive drill results yesterday.

Adds to the anticipation.

[RTM]

Unrelated but interesting ( I thought)
https://www.edo.org.au/wp-content/uploads/2023/05/230428-Media-Points-on-Pepper-Inquiry_2023-04-28-Final.pdf

https://ieefa.org/resources/beetaloo-10bn-pipe-dream-gas-producers

Some may be interested.

[Sideshow Bob]

Ex dividend yesterday. Price reacts accordingly.

I did note CUE paid out $14m, and even after this, market cap is $17.5m more than what it was prior.

The power of cashflow.....

[Toddy]

You only BUY NZO or CUE if you have nil interest in seeing any return for many many years and invest for the pure hope to be T/O for a few more peanuts that present price ... worse investment in the sector Vs assets and potential .. they simply don't seem to care for the SP or happy S/H's ,,, Mgmt just working for a wage to their master OGOG.. many of the board OGOG staff don't even take a wage at the likes of CUE...

And I think when you look at the great assets OGOG holds .. NZO/CUE is purely a minor forgotten asset ...You could say bit like a US billionaire with Queenstown property they sometimes use .. is just an asset stays empty 99% of time .. they could Airbnb out etc but its just such a minor interests they can't be bothered...

Oh how time flys.
In reply to the above post I promised that I would report back in a years time. Well, the year is up.

It's still early days. But I can report that I have easily covered my cost of funding and are looking forward to another year holding NZO.
Dividend of 3.3 cents on average buy in price of 38 cents.
Mtm is 4 cents.

Sure there are better stocks. But I'm happy with how things are tracking and confident about the future.

[mike2020]

I'm pretty sure he was trying to buy NZO on the ASX recently Toddy. If we get another two CUE divs over the next 12 months around 1 cent each the return is starting to look pretty good.

[JBmurc]

Oh how time flys.
In reply to the above post I promised that I would report back in a years time. Well, the year is up.

It's still early days. But I can report that I have easily covered my cost of funding and are looking forward to another year holding NZO.
Dividend of 3.3 cents on average buy in price of 38 cents.
Mtm is 4 cents.

Sure there are better stocks. But I'm happy with how things are tracking and confident about the future.

Was a step change moving to Energy Yield play by CUE ,,,what I wanted to see years ago .. NZO getting some love in the back of CUE .. still the SP isn't exactly rocketing north Thursday close NZX-43.5c ASX - 37.5c.... pretty much same price it was trading for a year ago ...but hey you got a dividend now thanks to CUE ..

And some exploration to start soon enough.. hope for all the suffering NZO holders they can see some real growth to keep ahead of inflation

[JBmurc]

I'm pretty sure he was trying to buy NZO on the ASX recently Toddy. If we get another two CUE divs over the next 12 months around 1 cent each the return is starting to look pretty good.

Thought about it for a minute or two...but trade volumes are even more pathetic than NZX.

And wasn't interested in 5-10k investment but much more ....but

I knew within a short period I'd be regretting it and I don't have the patience for NZO go slow approach to then be stuck holding unable to trade out on my terms ... instead moved funds into VLE:TSX go check its SP action last month... only wish I didn't trade out for a quick profit

[fish]

I'm pretty sure he was trying to buy NZO on the ASX recently Toddy. If we get another two CUE divs over the next 12 months around 1 cent each the return is starting to look pretty good.

It is looking like we are in for an exciting time for the sp
A large dividend will shortly be distributed
I wonder what shareholders will do with this ?
Ogog of course will get millions
Increasing their shareholding might make good sense -only speculation but it applies to all shareholders

[Toddy]

https://www.abc.net.au/news/rural/2024-03-20/northern-gas-pipeline-ceases-delivery-after-gas-shortfall/103602054?utm_campaign=abc_news_web&utm_content=link&utm_medium=content_shared&utm_source=abc_news_web

This is interesting regarding gas demand in the Northern Territory.

Has NZO just struck gold with their recent 25 percent increase in the Mereenie gas field.

Gas is running out in the NT and they need it for electricity production. Central Petroleum has stopped exporting gas via their Queensland pipeline because the gas demand locally is outstripping supply. .

[Sideshow Bob]

Think the divvie was supposed to hit the bank today......

Better check after the schmozzle with Computershare!!

[Toddy]

Think the divvie was supposed to hit the bank today......

Better check after the schmozzle with Computershare!!

Looks like about 33 percent tax taken off then banked into my account. I cannot see any documents on Computershare with the calc.

[SPC]

Same here. Money in the bank but I haven't received notice of the payment or details of any Au or NZ tax deduction?. My NZO shares are on the ASX register.

[digger]

By now you should have received by email this required statement.

Note all tax is NZ tax

Here for anyone wanting how to cals

[number of share]x [.0326436] =gross amount


Gross amount X .33 = tax



Gross amount less tax== What you got.


Don,t forget at finacial year end to record this as most likely get some back. A 33% tax rate is pretty high

[mike2020]

I had no problem with the CUE payment, received NZO dollars but cannot find the statement. I have the computer share showing my holding but no payment history.

[digger]

I had no problem with the CUE payment, received NZO dollars but cannot find the statement. I have the computer share showing my holding but no payment history.

Well lucky you. I have still not got my CUE payment and I am in T20. It has a hell of a history. I will try to make it as short as possible but in reality it is long and stressful

Firstly weeks before 5th April I tried to send to computershare a bank deposit slip which has the account number on it,but computershare would not accept it and sent me the exact form they wanted the details filled out on. Did this on their form and sent it back by registried mail. Received nothing on 5th April so by 8th went to the bank and was told that the Bank can take 3 to 5 days to clear overseas money.They found me impatient and needlessly concerned that money could have gone into wrong account.also told them other CUE holders with other bank had their money already. So nothing on Tuesday the 9th. Yesterday the 10th got a call from women I know at the Morrinsville bank saying she had found out that the Bank had never received any said money fro Computershare Australia {CSA}. So I took the registred letter receit back the post office and got the exact time CSA received this exact form and who signed for it. Then rang CSA and got some non native speaking English recipent on the phone. I am very deaf and have a special phone set up into my ears which works very well in NZ. This was the first time I have used it for overseas calls. I could make out about one word in 10 he was saying,so had to end the call saying I would get my wife to ring. She did this and got eventually someone else. This second person said they would look into it and would probably have some answers by 4 or 5 days. In the meantime both my broker and my son [who lives in Hong Kong] had disovered that the money was still with CSA which was a great relief to me and it was not sent to my bank account as someone had put a little one after my perfix as 00. So someone from CSA put the ending as 001 instead of 00. Back to the bank again and was told that as 001 at the end of my bank account does not exist no money can be transfered. They more or less implied it was somewhat my fault as if I had sent CSA a bank deposit form none of this would have happened.Yes I know we are going around in circles but in reality that is what happened.Went over the story about how CSA want info only on their printed form and some one there had put 001 instead of 00. The bank said they would send to CSA my bank deposit slip and did so on the 10th. In the meantime on the 10th yesterday when at the bank my NZO dividend arrived. Was shocked that I received only about 65% of what I had expected. {I need to make the comment here about genetics . My family line tends to deafness by all have good hearts otherwise I would probably have had a heart attack} The cals for NZO dividend are child play compared to CUE dividend.

So there we are Story to be continued as it happens.

[Toddy]

https://www.nzherald.co.nz/business/energy-sector-awaits-return-of-nz-oil-and-gas-exploration-as-gas-reserves-expected-to-run-out-within-10-years/7OBHFRH2SNAQBOZPLABYABIWQA/

NZ is running out of gas. As per the AGM, NZO strategy would be to ship gas from Australia. Not pump more money into NZ.

[Waiuta]

I had no problem with the CUE payment, received NZO dollars but cannot find the statement. I have the computer share showing my holding but no payment history.
I received the payment and an emailed statement for CUE in NZ dollars but with NZO I have an odd amount in my account and an email directing me to Computershare to get my dividend advice. When I did that there was no payment activity available. Inconsistent service.

[mike2020]

Yes exactly what I experienced.

[Waiuta]

Yes exactly what I experienced.
The calculation Digger did in yesterday's post worked out perfectly for me so since the tax withheld is in $NZ maybe they'll populate MyIRD as well.

[RTM]

By now you should have received by email this required statement.

Note all tax is NZ tax

Here for anyone wanting how to cals

[number of share]x [.0326436] =gross amount


Gross amount X .33 = tax



Gross amount less tax== What you got.


Don,t forget at finacial year end to record this as most likely get some back. A 33% tax rate is pretty high

Yep, as above. 33% tax. All good.

[Waiuta]

I received the payment and an emailed statement for CUE in NZ dollars but with NZO I have an odd amount in my account and an email directing me to Computershare to get my dividend advice. When I did that there was no payment activity available. Inconsistent service.
I contacted Computershare re the payment advice and received this reply which when followed worked for me.

T hank you for your recent enquiry.

Please note that the NEW ZEALAND OIL & GAS LIMITED (NZO)2024 Special Dividend is available onlinein your Investor Centre account.

You can locate this statementby going to the'Documents' section. Then select 'Statements & Documents' for your securityholding, and download or view the PDF.

[Sideshow Bob]

I contacted Computershare re the payment advice and received this reply which when followed worked for me.

T hank you for your recent enquiry.

Please note that the NEW ZEALAND OIL & GAS LIMITED (NZO)2024 Special Dividend is available onlinein your Investor Centre account.

You can locate this statementby going to the'Documents' section. Then select 'Statements & Documents' for your securityholding, and download or view the PDF.

That is Computershare Australia, not NZ.

[mike2020]

I contacted Computershare re the payment advice and received this reply which when followed worked for me.

T hank you for your recent enquiry.

Please note that the NEW ZEALAND OIL & GAS LIMITED (NZO)2024 Special Dividend is available onlinein your Investor Centre account.

You can locate this statementby going to the'Documents' section. Then select 'Statements & Documents' for your securityholding, and download or view the PDF.

Thanks, that worked for me. They are held under AUS

[SPC]

Yep all good here, arduous logon process but no different from Computershare NZ.
Great to see Div tax deduction calc as per any other NZ share, even though mine are ASX domiciled like many/most now.
Hopefully IR pick the Div up within MyIR meaning prepopulation for next year's tax return. All working. Happy.

[Grimy]

[QUOTE=
Hopefully IR pick the Div up within MyIR meaning prepopulation for next year's tax return. All working. Happy.[/QUOTE]

Possibly not. I still have to manually add ANZ and Westpac dividends and tax paid to my return - although they are obviously Australian companies and paid out in Aussie dollars - converted to $NZ.

[SPC]

True, I recall my ANZ shares had to be manually added as overseas income, however no NZ tax was deducted from those divs, whereas the NZO div does have NZ tax deducted. Time will tell..

[Grimy]

That may well be the difference. I do find the IRD tax return getting better each year.

[Sideshow Bob]

https://www.nzx.com/announcements/429791

New Zealand Oil & Gas Limited (ASX & NZX: NZO) notes the press release by Triangle (ASX: TEG 50% and Operator of the L7 permit) attached.

The Ventia 106 rig is signed up, all necessary approvals are obtained, and the Booth-1 well will commence drilling operations in late June 2024. This is the first prospect to be targeted using the 3D seismic acquired over the L7 and EP437 Permits in 2022. New Zealand Oil & Gas farmed into these permits in 2023 [see NZO announcement 17 Jan 23 for more detail]. The net cost to NZO for this well is forecast to be A$4.55 million in accordance with the farm in terms.

“This is very exciting news and the result of a lot of work over the last year," says Chief Executive Andrew Jefferies. "It will be great to get the bit spinning on the Booth gas prospect in the prolific Perth Basin. It is a promising onshore exploration target, surrounded by recent discoveries and developments, near infrastructure, in a market that needs gas to keep folks showers warm and cook their West Australian Crayfish; as well as powering the industry and mining that will enable our low carbon future. Gas is a three-letter word for transition”.

The Permits’ joint ventures comprises Triangle (ASX: TEG 50% and Operator); NZO (25%) and Strike Energy Ltd (ASX: STX 25%).

For further information please contact the Company on: email enquiries@nzog.com phone +64 4 495 2424

[Toddy]

Just back from a ride in the Vegas Redwoods to the exciting news that the first drill is all lined up.

Go NZO!

[Toddy]

Just back from a ride in the Vegas Redwoods to the exciting news that the first drill is all lined up.

Go NZO!

[mike2020]

There has been some quite strong interest in CUE lately, big buys of a million a day. I still feel it is undervalued but shouldn't CUEs improved value reflect on NZO?

[Sideshow Bob]

There has been some quite strong interest in CUE lately, big buys of a million a day. I still feel it is undervalued but shouldn't CUEs improved value reflect on NZO?

Interest in Cue has increased since end of February, but with almost 700 million shares on issue, but isn't massive. Only been 3 days since the divvy was announced that they've had more than 5m volume, and average over last 90 days still just under 1.1 million per day.

Cue paid out $14m AUD in the special divvy, and their market cap has gone up by circa $14m......

In theory, the increased value of Cue should be about 6.7cps per share. But there isn't much that moves the NZO share price!!

[mike2020]

Well compared to what was happening before they announced a dividend it is a far more liquid stock. Before you couldn't give CUE shares away now it looks like methodical accumulating.

[Toddy]

You need to give it more time for the disgruntled shareholders to exit.

Once the washout has happened we should see a very different picture with the NZO share price.

The current price represents a great opportunity to accumulate.

[Toddy]

Quarterly report this week.
Im sure there will be a big mention about the excitement around the office with the TEG drill booked.

Mereenie deal. NZO says that this investment deal will double its cashflow share. And from reading the disclosures the accounting will be backdated to incluse the full financial year once complete?.

And this is all happening outside of CUE's continued successes.

[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.....