what is the value of momoho ?
At the stage of finding hydrocarbons nzo have said p50 for momoho is
200bcf=166 million tons oil equivalent=1245 million barrels oil
nzo share is 15%=187 million barrels oil
This is far too much and i assume i have been far too optimistic
Have used the definitions below
Barrel
A unit of measure for oil and petroleum products that is equivalent to 42 U.S. gallons.
1 barrel = 35 Imperial gallons (approx.), or 158.978 liters (approx.);
7.5 barrels = 1 tone (approx.);
6.29 barrels = 1 cubic meter.
BBL
Barrel
BCF
Billion cubic feet
1 bcf = 0.83 million tones of oil equivalent
Please could someone do there own calculations and post the P50 level in barrels of oil equivalent
Should this be of concern?
Quote:
Originally Posted by
Taijon
Radfords disclosure notice is interesting. It relates to his indirect holding interests. Some options were allowed to lapse, others were sold for 2 cents. Last week a super fund in which he has an indirect interest sold NZO shares. Is this a bit of a worry? He may not have had any influence over this fund.
Is this a worry at all. Is there something we should know?
Kandinski, Miro, Braque and all thier mates
Quote:
Originally Posted by
duncan macgregor
Who cares what value a third person values anything at. Value is in the eye of the beholder. I remember once renovating a house that had a painting on the wall with a value of hundreds of thousands of dollars. I wouldnt have paid five bob for the bloody thing. I value property with a material value, plus adding or subtracting other aspects that influence value, to come up with a realistic valuation.
In this case i would say material value might well be $3-00, but deduct a plunging market, financial uncertainty, and middle east turmoil, to name just a few of the uncertainties. A falling tide takes all ships down, Bears cant count,in bad times people like me batten the hatches down, stick up a storm sail, and throw out the sea anchor. If the value is $3-00 in material value, and the share price is what it is then the punters are either stupid, or running scared. If they are running scared you should be wary, the herd moves in mysterious ways. Macdunk
I feel the same frustration, as others appear to hold - well actually, I oscillate between at annoyance and pity. The NZX 50 is 20% undervalued - but it is the usual situation heading into the final phase of a downturn. And yes, it is annoying the NZO is even more grossly 'undervalued'. The NZ dollar is set to drop, Bollard (probably) wont raise interest rates - in short, NZ equities will rise to it's more normal 5% undervalued. Along with the general market sentiment - NZO will do the same. In the mean time - patience and assurance that the cycle will complete and hundreds of panic mongers will kick themselves over bailing out on a soggy market - either because they had to because they didn't pay attention to their risk profile or because of itchy trigger fingers.
Anyway - the art work comparison is fallacious. Oil and Oil paintings are two different things - Oil in itself is useless and has no human use value whereas an oil painting is an end product of the consumption of oil (or more broadly resource) to provide a consumable product for direct personal benefit. The painting is an end consumer product and is entirely subject to human perception of worth, the input consumables can have metrics applied to derive a costing.
(Addendum: putting gas in your tank to make you car go is does not make motor spirit a direct human benefit - the transportation of goods or persons is the benefit - therefore gasoline is an input to that benefit. Remember - you can't drink petrol - well, not for very long.)