NZ Oil & Gas (NZO)

[Balance]

Outside of Tui and Kupe, both run by specialist firms and where NZO only has shareholdings, what else can NZO's management point to as successes?

Exploration? Zippo.

Investments? Try PPP - sitting on a big fat loss.

PRC? Oh dear!

The market is rightly discounting the value-minus capabilities on NZO.

So why invest in NZO when you have world class companies like Woodside in Australia to invest in?

[bull....]

NZO is like an option now, unless they continuely replenish reserves the instrinsic value of the company declines over time.

[fabs]

WITHOUT PREJUDICE:

BALANCE:

My sentiments now for at least more than 12 months.
22 Staff a board with supposed 200 years experience
A head Honcho on wait for it 1/2 mil. per ann. only a question of time before he leaves on his own accord i guess, although would not hold my breath, will have impeccable timing to milk this to the hilt.
Tony is the only one in that mix that can claim and be credited with meaningful contribution.

[neopoleII]

imagine how low the sp would be now if they didnt purchace on market and burn....cancel the umpteen shares.
waste of money, and the 12mil gift to prc, and now talk of maximum payouts and possibly bonuses to miners.
the list goes on and on with money going everywhere but the shareholders.
how many $1.50 options were placed a couple years back....
nzo...... look after your shareholders.
ps if any overseas raiders are out there...... now is a good time to take over nzo,
at least the 7 or 8 million 1cent shares wont be cashed by directors.
god nzo top office make me sick.

[Beagle]

imagine how low the sp would be now if they didnt purchace on market and burn....cancel the umpteen shares.
waste of money, and the 12mil gift to prc, and now talk of maximum payouts and possibly bonuses to miners.
the list goes on and on with money going everywhere but the shareholders.
how many $1.50 options were placed a couple years back....

nzo...... look after your shareholders.

ps if any overseas raiders are out there...... now is a good time to take over nzo,
at least the 7 or 8 million 1cent shares wont be cashed by directors.
god nzo top office make me sick.

Good post mate. Can't help but speculate if there was just one good accountant and no other staff at NZO, who accounted for the money received from Tui and Kupe and distributed the lot to shareholders what would the annual dividends be then ? (Any Australian analyst reading this, please feel free to try and crunch the numbers and pass this on to any company's CEO who's looking for cheap acquisitions).

DS and the expensive team hired to research all these opportunites they say they've been looking at havn't earned their keep by any stretch of the imagination and its time for heads to roll over the PRC fiasco and the management team to be slimmed down and more of the milk from the Tui and Kupe cash cows to flow where it rightfully belongs. (Lets remember that NZO management assured us they had run their own ruler over PRC operations are were more than happy with PRC's modus operendi)

Its a long. long way down from the $1.50 option excercise all the way down to 85 cents when global markets have generally recovered over that timeframe so for NZO shares to nearly halve in value, management and directors should be profoundly dissappointed with themselves. Quite obviously I'm far from a happy camper but for what its worth I'm only staying in on the basis of hoping for a takeover.

[brucey09]

Snr. Roberts has been very as you say quite lately.

[notie]

Good post mate. Can't help but speculate if there was just one good accountant and no other staff at NZO, who accounted for the money received from Tui and Kupe and distributed the lot to shareholders what would the annual dividends be then ? (Any Australian analyst reading this, please feel free to try and crunch the numbers and pass this on to any company's CEO who's looking for cheap acquisitions).

DS and the expensive team hired to research all these opportunites they say they've been looking at havn't earned their keep by any stretch of the imagination and its time for heads to roll over the PRC fiasco and the management team to be slimmed down and more of the milk from the Tui and Kupe cash cows to flow where it rightfully belongs. (Lets remember that NZO management assured us they had run their own ruler over PRC operations are were more than happy with PRC's modus operendi)

Its a long. long way down from the $1.50 option excercise all the way down to 85 cents when global markets have generally recovered over that timeframe so for NZO shares to nearly halve in value, management and directors should be profoundly dissappointed with themselves. Quite obviously I'm far from a happy camper but for what its worth I'm only staying in on the basis of hoping for a takeover.

Good post Roger. nzo is looking very bad at the moment and I'd expect some of the institutional investors will be taking a good hard look at them. They raised a whole bunch of money off their shareholders then did nothing with it apart from investing a lot of money in pike.

Management and the board of this company have drawn some big pay packets and done bugger all about growing the company when they had a very good chance after the GFC. Heads should rightly roll, starting with the chairman who has also managed to get himself on the prc board. One has to question both his judgement and independence and he is the one who holds ultimate responsibility.

What now? Well the farm in they announced to their south taranaki permit by peak oil is probably off as that company cancelled its IPO. Also expect AWE to drop the Barque permit although nzo might be desperate enough to pick up more and go it alone on a well.

Expect some desperate moves by nzo which will probably include cutting staff levels from their million dollars/month.

I can't see any other near term opportunities that nzo might try to get into in NZ and there are unlikely to be any drilling in the next year.

[shasta]

Good post mate. Can't help but speculate if there was just one good accountant and no other staff at NZO, who accounted for the money received from Tui and Kupe and distributed the lot to shareholders what would the annual dividends be then ? (Any Australian analyst reading this, please feel free to try and crunch the numbers and pass this on to any company's CEO who's looking for cheap acquisitions).

DS and the expensive team hired to research all these opportunites they say they've been looking at havn't earned their keep by any stretch of the imagination and its time for heads to roll over the PRC fiasco and the management team to be slimmed down and more of the milk from the Tui and Kupe cash cows to flow where it rightfully belongs. (Lets remember that NZO management assured us they had run their own ruler over PRC operations are were more than happy with PRC's modus operendi)

Its a long. long way down from the $1.50 option excercise all the way down to 85 cents when global markets have generally recovered over that timeframe so for NZO shares to nearly halve in value, management and directors should be profoundly dissappointed with themselves. Quite obviously I'm far from a happy camper but for what its worth I'm only staying in on the basis of hoping for a takeover.

Add into it the FX losses, & if people go back in the thread i did "forecast" them in advance, so im not sure what there Accountants do there to earn there salaries, certainly seem a little light in that regard. NZO have never needed to hold the $US90m they had at the time, so to me it was a no brainer!

More cash down the drain! (Theres a pattern forming here)

[the machine]

lets hope nzo have a drill announced soon - like PEP 38483 to put some of the usd$ to good use.

PEP 38483 has passed drill decision date an d in the absence of no announcement then one hopes the finer detail still being fnalised.

M

[Chris Roberts]

Snr. Roberts has been very as you say quite lately.

Snr Roberts has actually been very busy lately helping his company deal with one of the most tragic events in this country's history. There are more important things to be done than worrying about the ill-informed speculation by a handful of people on this site. As always, if any genuine shareholder wants some actual facts, they can email me and I will reply to them directly.