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  1. #1771
    Senior Member
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    Bought some of these today, based on value current pe 3-4...

  2. #1772
    Senior Member
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    Is anyone else holding? This is my way of getting exposure to the current oil price environment.

  3. #1773
    IMO
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    Aug 2010
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    Floating Anchor Shoals
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    Indirectly thru NZO. Sanctions on Russia are a turbo charge on a sure to rise oil price for some time yet.

  4. #1774
    Member
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    Nov 2004
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    Christchurch , New Zealand.
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    421

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    Quote Originally Posted by NZSilver View Post
    Is anyone else holding? This is my way of getting exposure to the current oil price environment.
    Yep, I've been holding these for 5 years. I've topped up twice this month. I sold some NZO to buy CUE just 2 days ago. I think CUE has huge potential and can't understand why its SP is not much higher. Good luck Silver!

  5. #1775
    FEAR n GREED JBmurc's Avatar
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    Sep 2002
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    Central Otago
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    Quote Originally Posted by Lion View Post
    Yep, I've been holding these for 5 years. I've topped up twice this month. I sold some NZO to buy CUE just 2 days ago. I think CUE has huge potential and can't understand why its SP is not much higher. Good luck Silver!
    YES ..CUE is a STRONG BUY I've been buying more of late hit 2.3mill shares other day ...if the SP doesn't move above 10c I'll keep buying when funds become available.. a great diverse energy play thats trading on forward P/E -1-2 ... if Only NZO didn't have 50.4% control would have been on the shopping list of another O&G player
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  6. #1776
    Senior Member
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    Sep 2012
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    Auckland
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    Can someone explain why today update for was PB09 was 5500bpd vs the earlier PB08 addition at 5600bpd. Shouldn't it be an increase rather than decrease/about the same.

  7. #1777
    Advanced Member
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    Sep 2004
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    Quote Originally Posted by NZSilver View Post
    Can someone explain why today update for was PB09 was 5500bpd vs the earlier PB08 addition at 5600bpd. Shouldn't it be an increase rather than decrease/about the same.
    4 more production wells to come from current program on the PB field .
    Is the expectation for a total of around 8000 bpd equating to 1000bpd for Cue at just under Brent prices ?
    Say $30m US pa
    Amadeus is going well and Gas prices very high
    Will they need to borrow for amadeus or is current production able to fund exploration and development?

  8. #1778
    FEAR n GREED JBmurc's Avatar
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    Sep 2002
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    Maybe natural decline in some early wells ..?

  9. #1779
    FEAR n GREED JBmurc's Avatar
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    Sep 2002
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    $10,300,000.00 in 3 months.

    $858,333.33 a week.

    $122,619.04 a day.

    And this last Qty they didn't receive "Mahato" OIL income till APL ... so I'd expect 15mill EBIT income this Qty results due JUL

    I'm adding to my position as I can't see this $35mill EV lasting for much longer ... 1mill+ Bid @ 7.5c waiting to be filled while there is still some FEAR in the marketplace ... (Will take me to a tidy 3.63mill shares)
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  10. #1780
    Senior Member
    Join Date
    Feb 2004
    Location
    Wellington, , New Zealand.
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    758

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    Good on you! And good luck Mr Murc.

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