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25-07-2011, 10:42 AM
#10631
Last edited by Lizard; 25-07-2011 at 10:43 AM.
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25-07-2011, 10:48 AM
#10632
Originally Posted by Lizard
Downgrade cycle begins.
Last chance to get out before the downgrade accelerates?
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25-07-2011, 10:58 AM
#10633
Originally Posted by Lizard
so looks like they have deleted the extra production hole from tui in the recalculation
the drill bit needs to do some talking and find us some more oil!
M
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25-07-2011, 11:06 AM
#10634
Well PPP's announcement is now out on the ASX. Nothing on the NZX yet though.
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25-07-2011, 11:07 AM
#10635
Originally Posted by Lizard
Well PPP's announcement is now out on the ASX. Nothing on the NZX yet though.
Should have figured out by now - NZO likes mushrooms as shareholders.
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25-07-2011, 11:10 AM
#10636
Originally Posted by KentBrockman
I don't get what you mean. That both companies' managements pull enormous salaries, while otherwise not accomplishing much?
That's a synergy that holders don't need.
Someone mentioned Vietnam. Was NZO even in on the Vietnam deal?
Synergies usually come from cutting double ups. I.e. management.
Downgrade does not look good...
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25-07-2011, 11:12 AM
#10637
Hmm, well at this rate, they'll still be stuck in halt on the NZX when trading opens on the ASX...
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25-07-2011, 11:13 AM
#10638
so ppp saying 10-15% reduction in tui, pending no more drilling.
for nzo that equates to approx 3-5% reduction of reserves.
both companies [and AWE] will probably take a hit today
M
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25-07-2011, 11:20 AM
#10639
sh..tt can't take a trick at all these days, lme was a fizzer last week and now a downgrade here, oil and coal are not going to see me into that Porsche I had in mind after all !
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25-07-2011, 11:33 AM
#10640
Member
Originally Posted by the machine
so ppp saying 10-15% reduction in tui, pending no more drilling.
for nzo that equates to approx 3-5% reduction of reserves.
both companies [and AWE] will probably take a hit today
M
Wonder why AWE make this announcement now when an independent review of this is supposed
to be completed 'early August' i.e. only one or two weeks away? Or are they pre-announcing the
review's results???
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