NZ Oil & Gas (NZO)

[tim23]

Does notie own any shares, I may have missed any posts to suggest that she does?

[fish]

Price oil continues to rise-tapis $105 us and brent 101 and nz dollar down to 75 cents .
Maybe soon the market will take into account the increasing revenue at no extra production cost for nzo .

[digger]

Price oil continues to rise-tapis $105 us and brent 101 and nz dollar down to 75 cents .
Maybe soon the market will take into account the increasing revenue at no extra production cost for nzo .

Strange though the weakness of WTI at now only 83 something. Biggest spread i can remember against Brent or Tapis. Still it is Tapis that we sell our oil,in fact at a small premium to Tapis,so yes the income must be coming in.
Good to see NZO is only buying a small proportion of each days trade that way they can never be accused of shutting out other buyers when later on it is all seen as too cheap now.

[Balance]

Sobering.

All that revenue generated by Tui and all that cash raised from shareholders - squandered on PRC, dry holes and bad investments.

And the biggest opportunity in a lifetime - buying into cheap assets during the GFC - squandered too.

So where is the hope for a company like this?

[mikew]

So where is the hope for a company like this?

No Hope. There is a long long way to go for a recovery. I reckon will be a sp dip after HY report come out.

[777]

Balance it must be horrible for you to go to bed at night knowing you have to wake up miserable every morning. It must be a s**t of a life.

[fabs]

To be fair to BALANCE,
probably not as bad a life as the countless S/H that bought mill. of shares at $1.50 plus.

[notie]

To be fair to BALANCE,
probably not as bad a life as the countless S/H that bought mill. of shares at $1.50 plus.

Most of which was invested in pike and now that is gone for good they have decided the best use of shareholders money is to buy their own shares back.

Management of this company are devoid of any good ideas but seem happy to collect their large pay checks (500K+ for the CEO). Really these guys couldn't find oil in a petrol station.

Expect something desperate from nzo to get their share price up like an investment in a third world country. A very risky strategy that in the long term will result in the loss of a lot of money.

[Balance]

Balance it must be horrible for you to go to bed at night knowing you have to wake up miserable every morning. It must be a s**t of a life.

777, thanks for your concern - you are a real mate.

You will be pleased to know I sleep well and wake up feeling great - knowing that those who took into consideration a balanced view of NZO, rather than the relentless NZO-is-god postings here, have avoided making serious losses.

Hope that makes you feel better.

[the machine]

nzo may be dragged higher through their 15% of ppp - ppp appraisal drill in vietnam should have spudded by now and success could double ppp oil reserves, even though ppp only have 5% of the permit.

results in a month or so.

good time for nzo to increase their holding in ppp from 15% to just under 20% - they have approval to do so from au government

M