NZ Oil & Gas (NZO)

[peat]

Im with you guys on this via BPT who have even more than NZO at 21%

[blackcap]

Im with you guys on this via BPT who have even more than NZO at 21%

Hi Peat, would it be fair to say though that a discovery, although good for BPT, will not dramatically do much to the SP as their capitalisation is at $3b compared with NZO and CUE at $0.1b?

Don't get me wrong, exciting times all round.

[peat]

Hi Peat, would it be fair to say though that a discovery, although good for BPT, will not dramatically do much to the SP as their capitalisation is at $3b compared with NZO and CUE at $0.1b?

Don't get me wrong, exciting times all round.

absolutely and that is a good thing from my perspective , and fits in a lot better with my own personal trading strategy.

[Getty]

And I would think that in the event of a successful well, BPT have the capital & size to commercialise it, without diluting their existing shareholders too badly.

[airedale]

Has anyone got that chart handy, the one that shows a resources company's SP rising steeply before the drill then topping out and dropping while the company sort out their cash to capitalise on the find, then rising again before production.

[fish]

Has anyone got that chart handy, the one that shows a resources company's SP rising steeply before the drill then topping out and dropping while the company sort out their cash to capitalise on the find, then rising again before production.

I would have doubts about such a chart applying to NZO and this drill .
There has not been a steep rise before the drill-a small rise only .
We are told success is likely to be binary.
My take on this is that if gas is found its so huge that the sp could multiply tenfold .
A huge find means no problem sorting out finance .

[mistaTea]

A huge find means no problem sorting out finance .

So very true.

Plus the ~NZ50M of nzo money sitting in the bank unallocated right now would go a long way towards covering our share of any development costs!

[Davexl]

Thought there might have been a bit more liquidity in Aust, bugger all for now.
Glad i didn't transfer my shares over to ASX at this point...Any comments?

[LEMON]

Any word on the IronBark drill. I can only find that they have clearance to start the drill some point in October and Apex is in place, I would imagine it's underway now?

[LEMON]

10 days to arrive from the day of mobilization which was roughly on the 12th of Oct, so arrival on the 22nd and drilling to start end of October weather permitting I think