Originally Posted by
peterfindlay
Petroleum News. The key point to remember is that McDouall Stuart (MS) have prepared and produced the research. PNN have merely reported it. The MS research is consistent with, and builds on, the earlier work prepared by Forsyth Barr, that again highlighted the significant potential upside associated with the upcoming drilling programme. The market unequivocally likes what it is had heard, effectively endorsing the analysis of Forsyth Barr & McDouall Stuart. McDouall Stuart have consistently produced well thought out reasoning associated with their analysis of NZOG.
Kupe, through reserve reassessment, and earlier than signalled commercial production, could provide additional upside to the SP, as could the equity investment in Pike River Coal.