NZ Oil & Gas (NZO)

**mistaTea** · 21-07-2020, 07:10 PM

https://www.google.co.nz/amp/s/www.p...-go-ahead/amp/

Doesn’t really add anything new - but some bullish comments from CUE boss (which is to be expected). Three months to the drill - so towards the end of October perhaps.

**mistaTea** · 21-07-2020, 07:19 PM

Originally Posted by Lion

I'd love to know what the talk is round the NZOG office and board room these days. Do they wish they'd been more generous with their S of A offer??

They would have succeeded if they started out offering 74c (the same price they paid for the first 70%). That would have been a solid starting point and would not have infuriated minority shareholders so much.

But because they are so greedy, they didn’t even consider this.

Had they started at 74, they would have left themselves some wiggle room to go up to, say, 85c. That would have almost certainly achieved enough FOR votes.

And an 85c offer was only about US$5M more than the 74c offer they ended on. Considering how absolutely COLOSSAL Ironbark is, an extra US$5M for OGOG is lunch money.

Absolutely beggars belief how these guys f*cked that deal up so bad.

Don’t get me wrong - I am grateful that they did as I would have been gutted if I did not get to participate in the drill after years of waiting patiently. To have it snatched from me so close to the end would have been very painful.

But what a bunch of horses arses.

**fish** · 21-07-2020, 07:58 PM

I count myself lucky they had such bad advice with the takeover .
If they had succeeded we may have lost the proceeds in the Covid crash.
Instead it enabled me to buy a lot more.
I enjoyed meeting them .
Last people I shook hands with.
Its the biggest free gamble you could ever have .
My assessment remains 50/50 chance of bonanza .

**Marilyn Munroe** · 06-08-2020, 03:01 AM

Will BP's profit slide and debt increase curb their enthusiasm for the Ironbark drill?

https://www.cnbc.com/2020/04/28/bp-earnings.html

Boop boop de do
Marilyn

**fish** · 06-08-2020, 06:59 AM

Originally Posted by Marilyn Munroe

Will BP's profit slide and debt increase curb their enthusiasm for the Ironbark drill?

https://www.cnbc.com/2020/04/28/bp-earnings.html

Boop boop de do
Marilyn

That link was posted in April--we now know the answer to your question is NO

**digger** · 21-08-2020, 02:15 PM

Yesterday Cue reported that Ironbark in the Carnarvon Basin was due to spud on the 2nd guarter of 2021. Hope that is wrong and it is Octomber of this year. Anyone heard any different?

**blackcap** · 21-08-2020, 02:26 PM

Originally Posted by digger

Yesterday Cue reported that Ironbark in the Carnarvon Basin was due to spud on the 2nd guarter of 2021. Hope that is wrong and it is Octomber of this year. Anyone heard any different?

2nd quarter of FY 21 is October to Dec 2020. FY 21 is the year from 1 July 2020 to 30 June 21. The second quarter of this "FY" is the months of October, Nov and Dec 20. Hope that helps.

**digger** · 21-08-2020, 03:40 PM

Originally Posted by blackcap

2nd quarter of FY 21 is October to Dec 2020. FY 21 is the year from 1 July 2020 to 30 June 21. The second quarter of this "FY" is the months of October, Nov and Dec 20. Hope that helps.

Thanks,about time I got my head around that.. was thinking it would be april may of 2021.