NZ Oil & Gas (NZO)

[RTM]

Link to a presentation by NZO at some conference;

http://nzx-prod-s7fsd7f98s.s3-websit...884/279073.pdf




The presentation makes no mention of the coalition governments negative attitude towards oil exploration or their bumbling introduction of the no more permits policy.

Boop boop de do
Marilyn

Not directly...but the charts say “Subject to Crown Approval”. I read this as referring the reader to the current governments attitude.

[mistaTea]

http://www.scoop.co.nz/stories/AK180...terburygsb.htm

The ideologues are in fine form, I see.

[Joshuatree]

Great stuff, informing people that they can make a difference(they have to) ,from global warming to clean rivers and treasuring our flora and fauna, thousands of which are nearing extinction.The worst that can happen, a cleaner greener sustainable planet.

"Hands Across the Sand is a worldwide event began after the Gulf of Mexico Deepwater Horizon disaster, where people join hands across the beach in a symbolic gesture to say No to more fossil fuel exploration and YES to clean alternatives."

[blackcap]

http://www.scoop.co.nz/stories/AK180...terburygsb.htm

The ideologues are in fine form, I see.

The Israeli's are not going to be too happy about being asked to surrender their permits. The ideologues are in fine form indeed. I think the new major shareholder got on board for these permits (paying 74 cents per share) so they will not give up without a fight. Seems they have many fingers in many pies, now including NZ.
https://en.wikipedia.org/wiki/Eyal_Ofer

[fabs]

The Israeli's are not going to be too happy about being asked to surrender their permits. The ideologues are in fine form indeed. I think the new major shareholder got on board for these permits (paying 74 cents per share) so they will not give up without a fight. Seems they have many fingers in many pies, now including NZ.
https://en.wikipedia.org/wiki/Eyal_Ofer

Bad idea to get into the cross-hairs of IDF Snipers.

[mistaTea]

https://www.nbr.co.nz/article/oil-ex...ys-ms-p-216175

A bit of pressure coming on the govt now. Not possible for them to about-face on the issue as they would lose face. Will be interesting to see what they do have to say though.

[tim23]

Had quick look at quarterly - if market cap is about 94 million and company has 98 million in cash what am I missing?

[tim23]

That $98m is the personal property of the managers and directors. It just takes time to move into their wallets.

I should have remembered that! Any chance of dividend then?

[mistaTea]

I should have remembered that! Any chance of dividend then?

Why on earth would anybody want a dividend right now?

Any money returned to shareholders at the moment would effectively just be a capital return.

I would prefer that the company uses the $98M to acquire excellent assets that will then allow dividends in the future.

[tim23]

Why on earth would anybody want a dividend right now?

Any money returned to shareholders at the moment would effectively just be a capital return.

I would prefer that the company uses the $98M to acquire excellent assets that will then allow dividends in the future.

Good point - but have paid dividend in recent years, 4c last year from memory.