NZ Oil & Gas (NZO)

[Marilyn Munroe]

Judging by the managing directors address at the AGM NZO are in spend mode and will be calling on shareholders for support.

https://www.nzx.com/announcements/326216

Boop boop de do
Marilyn

[mistaTea]

Judging by the managing directors address at the AGM NZO are in spend mode and will be calling on shareholders for support.

https://www.nzx.com/announcements/326216

Boop boop de do
Marilyn

Absolutely - and not a surprise given the Chairman mentioned this a little while back. Though the $102M in the kitty is considerable, more dosh will be needed to give the company a serious chance to grow considerably.

I imagine there will come a time where existing shareholders are given an opportunity to buy more shares in the company and new shareholders will be invited to join.

So long as any additional shares are sold at a fair price and the money that is raised is used wisely, existing shareholders who choose not to (or are unable to) participate in a capital raise should be no worse off (and more likely better off over time as the cash raised is converted to productive assets).

[blackcap]

I imagine there will come a time where existing shareholders are given an opportunity to buy more shares in the company and new shareholders will be invited to join.

.

That is also what the Managing Director indicated to me during post meeting drinks. I was quite impressed with the O&G representatives as they all showed up and have been doing other events with NZO staff during the week. Staff spoke positively of the new direction that NZO are taking.
They spoke well at the meeting (those up for election) and they did not seem arrogant or belittle us NZers. Nice to have such competence and deep pockets. Andrew Jeffries also mentioned that now when NZO are talking to other parties they have a lot more clout or sway.
If you want to listen to the meeting it should be on the NZO website pretty soon.

[fabs]

More or less same refrain for the last 10 years.
Maybe a bit more impressive and eloquent, Sooo Lets wait and see.

[mistaTea]

Large hydropower dams 'not sustainable' in the developing world http://www.bbc.co.uk/news/science-environment-46098118

Interesting write up about some of the cons of hydro. The majority our renewable electricity generation in NZ is hydro.

Not only are they damned expensive to build, but they also have some very negative impacts on the environment.
Meridian Energy heavily promote their 100% renewable generation - but in reality they are not as clean and green as they make out (though the majority of the public would assume that they must be because it’s “not like they are burning coal or oil!”)

[blackcap]

More or less same refrain for the last 10 years.
Maybe a bit more impressive and eloquent, Sooo Lets wait and see.

Same refrain maybe, totally different people, deeper pockets too, I am more optimistic.

[mistaTea]

https://www.tvnz.co.nz/one-news/new-...lds-44-million

Looks like Tag Oil aren't waiting around to see what happens next. Their comments about how their Canadian and American shareholders now just assume NZ is closed for business (so far as oil & gas exploration goes) really highlights that Andrew Jeffries is not exaggerating when he says the stiff winds at Barque have now turned into a gale.

Ultimately I think the government will be flexible in extending the drill or drop permit. Buying NZOG some time might help... though with all the time in the world, nobody is going to (MAYBE) pony up to drill that bad boy unless the government offers some earnest and pretty heart-felt assurances.

In other words, they will need to jump around and offer a whole lot more to make this drill happen - not just the manky letter they sent to NZOG a few months back.

[mistaTea]

https://www.nzog.com/news/new-blog-post-14/

Sure would have been nice to find some gas...

[fabs]

[QUOTE=mistaTea;

Sure would have been nice to find some gas...[/QUOTE]

You get plenty of that at every annual AGM
From a well versed, large & well remunerated SPIN team, learn to be content with that.

& Have another Tui!
CHEERS

[mistaTea]

Some good news.

http://www.cuenrg.com.au/irm/PDF/247...eryatPausBiru1