NZ Oil & Gas (NZO)

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Hell, what a difference 2 weeks makes, todays ann, that drill commence mid October, instead of what some thought was start Oct, caused the price to "crash' 6.3%

[Davexl]

Hell, what a difference 2 weeks makes, todays ann, that drill commence mid October, instead of what some thought was start Oct, caused the price to "crash' 6.3%

Bugger - there goes some of my premium at 70c buy...

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No panic
I reckon that could turn out to be the best investment you have ever made.

[Davexl]

No panic
I reckon that could turn out to be the best investment you have ever made.

Not panicking, just a little pissed off...general market conditions look a bit dodgy with US not necessarily getting 2nd stimulus coming thru according to Bloomberg today.

Seems to affect Aussi more than NZ - we'll see. Looking forward to Aussi listing on Friday, wondering if i should have waited and bought on ASX instead for the better liquidity (for ultimate exit reasons), such a damn issue on NZX these days but supposedly getting a little better for on-market trades.

Maybe need to have a full broker again as backup for the occasional off-market trade.
I am newish with actual drill strategy but NZO has been good for me in the past. Fascinating with the drill coming up for sure...

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I have a feeling that Ironbark will be "the one", but even if it isn't, they will discover sufficient hydrocarbons to drill future wells in that prospect.
So people won't be sellers, but buyers.

[mistaTea]

I have a feeling that Ironbark will be "the one", but even if it isn't, they will discover sufficient hydrocarbons to drill future wells in that prospect.
So people won't be sellers, but buyers.

And don’t forget, Neo didn’t realise he was “The One” either until right at the end of the first movie after he had taken one hell of a beating from A Smith.

There is hope for us yet...

[RTM]

https://www.nzx.com/announcements/360294

I find this a bit ironic.

“We believe the Company will benefit from access to the ASX, where interest in upstream oil and gas remains strong, and the market tends to understand our activities, valuing them realistically."

given not so long ago they were urging us to give our company away.

[fish]

https://www.nzx.com/announcements/360294

I find this a bit ironic.

“We believe the Company will benefit from access to the ASX, where interest in upstream oil and gas remains strong, and the market tends to understand our activities, valuing them realistically."

given not so long ago they were urging us to give our company away.

It does signify a change -they now want to increase the SP and in doing so do admit the NZ market valuation is not realistic.
I can speculate why but feel its best not too.

[mistaTea]

A couple of optimists are offering to sell some shares for 94c and 94.5c!

Is that you Blackcap?

[blackcap]

A couple of optimists are offering to sell some shares for 94c and 94.5c!

Is that you Blackcap?

Haha no not me. I am waiting for a possible run up when "The Drill" gets closer. Waiting for some volume on the bid side.

Note that no Aussie interest so far from insto's or other.

Just a note, now that NZO is also listed in Australia, Aussie Insto's can also purchase NZO shares on the NZ market is my understanding. (those that have it in their mandate that they must purchase stocks listed in Australia).