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  1. #15931
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    Quote Originally Posted by mistaTea View Post

    I just can't believe she can just say this stuff and get away with it.
    Well she can because she is being moral and kind. And that is actually more important than truth these days.

  2. #15932
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    Quote Originally Posted by blackcap View Post
    Well she can because she is being moral and kind. And that is actually more important than truth these days.
    Yes Agree,
    that,s why she,s forgiven the War Criminal Blair, which she worked for and welcomed as her Hero & Comrade when he visited NZ IN 2011

  3. #15933
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    Well, NZ First may have let the oil and gas exploration ban go through...but I guess we can at least be grateful they blocked the CGT. Not to block this one would have definitely been the final nail in the coffin for that party.

    If our shares are ever worth anything in the future we can at least keep all of our gain 😂🤪

  4. #15934
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    https://www.nbr.co.nz/story/oio-deci...ment-community

    Another company and industry negatively affected by a Minister putting ideologies ahead of logical reasoning. This will send shivers through the investment community indeed.

    But don't worry, our "trustworthy' Ministers have given NZOG assurances that our existing permits are all good. So whoever we are trying to convince to invest has nothing to worry about, it's not like our current Ministers would ever abruptly change direction based on scant evidence or anything...

  5. #15935

  6. #15936
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    Many of you will know that NZOG has a 50% holding (near enough) in CUE which has a 21.5% share in the Ironbark prospect in Northern WA.
    That's currently the biggest gas prospect in the world, with 15 trillion cubic feet of gas (if it's there) near an LNG plant.
    NZOG also have a 15% direct interest in Ironbark. They expect to drill in about 15 months, around September 2020. BP is the operator.


    My reason for posting is that the CUE sp has been rising recently, just in case anyone hasn't noticed. I notice because I have CUE shares too.


    Last Thursday, 13th, CUE started at A7.0c, finishing at 7.4c
    Next day, Friday, it finished at 8.0c
    Next trading day, today, Monday, it finished at 9.0c
    A 28.6% increase in three days' trading.


    It would seem someone wants in to CUE, but as the shares are fairly tightly held, that's pushing the sp up.


    Matthew Boyall, CUE's CEO has said a successful drill next year will be “company-changing” and I am sure it would be, but also for NZO, who effectively have a 25.75% share in Ironbark.
    There is considerable overlap in board and management of the two companies, and their futures are intertwined and largely dependant on Ironbark, in the medium term, at least, IMO.


    I'm excited by the prospects for both companies, especially as LNG and natural gas can be a bridge to a lower carbon world economy, replacing coal on the way to renewables.

  7. #15937
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    Thankyou Mr Lion for the informative post.
    It is a long time to cross my fingers, but as I am a holder of NZO....and have been from the start, it actually seems pretty short.


    Quote Originally Posted by Lion View Post
    Many of you will know that NZOG has a 50% holding (near enough) in CUE which has a 21.5% share in the Ironbark prospect in Northern WA.
    That's currently the biggest gas prospect in the world, with 15 trillion cubic feet of gas (if it's there) near an LNG plant.
    NZOG also have a 15% direct interest in Ironbark. They expect to drill in about 15 months, around September 2020. BP is the operator.


    My reason for posting is that the CUE sp has been rising recently, just in case anyone hasn't noticed. I notice because I have CUE shares too.


    Last Thursday, 13th, CUE started at A7.0c, finishing at 7.4c
    Next day, Friday, it finished at 8.0c
    Next trading day, today, Monday, it finished at 9.0c
    A 28.6% increase in three days' trading.


    It would seem someone wants in to CUE, but as the shares are fairly tightly held, that's pushing the sp up.


    Matthew Boyall, CUE's CEO has said a successful drill next year will be “company-changing” and I am sure it would be, but also for NZO, who effectively have a 25.75% share in Ironbark.
    There is considerable overlap in board and management of the two companies, and their futures are intertwined and largely dependant on Ironbark, in the medium term, at least, IMO.


    I'm excited by the prospects for both companies, especially as LNG and natural gas can be a bridge to a lower carbon world economy, replacing coal on the way to renewables.

  8. #15938
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    [QUOTE=Lion;763206]Many of you will know that NZOG has a 50% holding (near enough) in CUE which has a 21.5% share in the Ironbark prospect in Northern WA.
    Next day, Friday, it finished at 8.0c
    Next trading day, today, Monday, it finished at 9.0c
    A 28.6% increase in three days' trading.ETC;

    Yes Interesting and promising development Lyon.
    One would be forgiven to assume the NZO S/P to rise in tandem with Cue,s by at lest 8 -10 cents.

    Lets just hope that how-ever high the Cue s/p ends up, NZO management will not only then wake up to buy out the rest of Cue ????
    A handsome wind fall for the entities that hold those supposed tightly held hordes of cue Shares???

  9. #15939
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    Interesting stuff. Beach shareprice hasn't really moved, but then has a $4b market capitalisation. Cue on the other hand is only $63m market cap, so has the potential to be huge for them. Know it's not a CUE thread, but from a NZO perspective, CUE made $4.6m profit in 1HY, after tax.

  10. #15940
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    [QUOTE=fabs;763251]
    Quote Originally Posted by Lion View Post
    One would be forgiven to assume the NZO S/P to rise in tandem with Cue,s by at lest 8 -10 cents.
    Yeah, the pricing of NZ shares has been a mystery to me for some time.

    Lookit, the current market cap of NZOG is aprox $82M.
    The market cap of CUE is approx $63M. NZOG's share would then be $31.5M or thereabouts.

    So that means that, right now, the market effectively values NZOG (in and of itself) at $50M.

    For a company with double that in cash in the bank, and a potentially enormous gas prospect in Aussie it is truly astounding.

    Either I truly am terrible at investing (and should stick to index funds) or a bunch of people buying now are going to make a huge amount of money on this stock over the next few years.

  11. #15941
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    [QUOTE=mistaTea;763302]
    Quote Originally Posted by fabs View Post

    Yeah, the pricing of NZ shares has been a mystery to me for some time.

    Lookit, the current market cap of NZOG is aprox $82M.
    The market cap of CUE is approx $63M. NZOG's share would then be $31.5M or thereabouts.

    So that means that, right now, the market effectively values NZOG (in and of itself) at $50M.

    For a company with double that in cash in the bank, and a potentially enormous gas prospect in Aussie it is truly astounding.

    Either I truly am terrible at investing (and should stick to index funds) or a bunch of people buying now are going to make a huge amount of money on this stock over the next few years.
    I am not 100% sure but I think NZO's accounts are consolidated, so that "cash in the bank" is also all of CUE's cash included. So you need to take out CUE's cash holding to adjust for the cash that NZO has. In the 2018 annual report Cue had $18m of cash. Need to keep that in mind.

  12. #15942
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    [QUOTE=blackcap;763303]
    Quote Originally Posted by mistaTea View Post

    I am not 100% sure but I think NZO's accounts are consolidated....
    They absolutely are consolidated. In the last Annual Report the Balance Sheet shows that you need to make an adjustment of $6.67M to equity (since 100% of the CUE liabilities are also included) to remove the CUE component. Chump change in the grand scheme of things.

    Because the NZOG share price is so low right now it is almost irrelevant though. If the share price was still at the OGOG purchase price of 74c, and you were trying to assess whether or not to buy more, then you would probably need to be much more precise in your calculations.

  13. #15943
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    [QUOTE=mistaTea;763311]
    Quote Originally Posted by blackcap View Post

    They absolutely are consolidated. In the last Annual Report the Balance Sheet shows that you need to make an adjustment of $6.67M to equity (since 100% of the CUE liabilities are also included) to remove the CUE component. Chump change in the grand scheme of things.

    Because the NZOG share price is so low right now it is almost irrelevant though. If the share price was still at the OGOG purchase price of 74c, and you were trying to assess whether or not to buy more, then you would probably need to be much more precise in your calculations.
    Cheers I thought they were consolidated. Totally agree with you that NZO is the cheaper entry vehicle right now. Just keep it a bit quiet please, I am trying to pick up a few myself right at this current point in time I wonder why the NZO price has not increased commensurately with the CUE share price, is that because the market that follows CUE knows about Ironbark and the NZO market is not that aware of Ironbark and the prospects? Or just people weary and fed up with NZO? Not to worry, I am backing up the truck for a few more.

  14. #15944
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    Quote Originally Posted by blackcap View Post

    Cheers I thought they were consolidated. Totally agree with you that NZO is the cheaper entry vehicle right now. Just keep it a bit quiet please, I am trying to pick up a few myself right at this current point in time I wonder why the NZO price has not increased commensurately with the CUE share price, is that because the market that follows CUE knows about Ironbark and the NZO market is not that aware of Ironbark and the prospects? Or just people weary and fed up with NZO? Not to worry, I am backing up the truck for a few more.
    All the best blackcap. I hope it all works out for you mate.

    Regarding the market psychology for NZOG...I haven't got a clue and don't waste any of my (extremely) limited brainpower trying to figure it out. All I ever care about is whether a company is objectively worth more than its market value. To Hell with everyone else.
    Last edited by mistaTea; 18-06-2019 at 01:12 PM. Reason: typo fix

  15. #15945
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    https://www.nzherald.co.nz/business/...ectid=12241688

    No doubt you cannot blame the government's oil & gas ban 100% for this as these companies will be constantly looking to ensure they are deploying capital effectively.

    However, I don't believe that the oil & gas ban had nothing to do with the decision either (as these companies seem to be at pains to reassure). Put another way, the ban certainly didn't IMPROVE the chances of keeping these guys in NZ.

    I wonder if, in a way, this might help the remaining players. The government knows they need some large gas discoveries to keep the lights on while they transition to who-knows-what. Perhaps they may get to the point where they are forced to offer Big Oil some sweeteners to continue exploring in NZ.

    Of course, I don't really know what I am talking about and that last comment is purely speculative (and probably wishful thinking).

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