NZ Oil & Gas (NZO)

[Corporate]

Can someone remind me how much NZOG paid on average for each PPP share?

[tim23]

About 30c is my recollection

[Tyro]

""but have we done anything about it?""

besides moaning, expressing thoughts, or walking out, most of us havent the shareholding volume to make change.
even the 1 or 2 on this forum that hold a percentage dont have much power to create change.
but as a collective on this forum we at least have our concerns heard........ some valid some not.
having said that..... the company knows it has problems and admits it in company releases, their real problem is they ( the management) havent found a solution to fix the depressed sp.
i speculate to guess that if TR resigned/retired the sp would go up.
if digger were to secure a seat on the board the sp would rise.
buying shares in CUE instead of share buybacks..... the sp would rise.
buying share in NZR and the sp would rise.
giving the bought back shares to shareholders as a gift and the sp would rise.

so many options..........
but instead, we get share cancellations, no divi announcements, and 1cent staff share placements.

in the meantime, the poo goes up, dollar goes down, and nzo is propping up its sp with our money...............

"giving the bought back shares to shareholders as a gift and the sp would rise." -that is exactly what the company is doing.

By cancelling shares bought in the buyback, the company pro-rata increases the nett asset backing (and therefore the EPS) of all remaining shares.

[skid]

This could be a pivital point for NZO ie.return for pike-ppp hitting oil?

[dsurf]

Agree - sentiment turns quickly & I am liking the short term prospects for a rise in NZO

papers full of stories of high oil price - funny how there was no problem til $100 crossed.

PRC has provided a -ve premium to NZO last year or so - this should reduce quickly to zero and will IMO turn into a positive factor - firstly the very likely return of the secured and unsecured money lent PRC - will have to raise NTA.

Then the big one - how much will the tenders be for PRC - no-one knows but the papers will speculate a large range. Best scenario of course is the ex-wall st banker (Key) realises the family jewels are being flogged in a distress sale and tells DOC to swap open cast rights for the new conservation land from Greymouth council. This would see the tenders increase by multiples. Worked out on the back of a beer glass that for each 100m PRC sold for (after creditors paid off) that NZO gets 7.5c per share.

This means that NZO gets 75c per share if PRC sells for $1billion.

If open-casting gauranteed via ex wall st banker decree & purchase price is 5billion NZO gets $3.75 per share.

My maths is probably wrong however NZO is heading for some good times again after a very difficult year. Looking forward very much to the next few months and would get into CFD's if I had any spare leverage right now.

What do you think Balance - has the worm turned?

[dsurf]

Also a half year loss could turn into a full year gain very quickly!!

[fabs]

DSURF

Speculating, Building Castles in the air and hoping against all hopes for a Pig Swarming Seson to materialize is not very helpful. Meanwhile management has suggested a div. payment in the near future unlikely, so no expectation of a Bonanza via PRC in medium or long term.
Meanwhile out there in the real world, Toyota the biggest car manufacturer itw. reducing management nos. from 22 to 11, by contrast what are they doing with NZOs top heavy management?

[skid]

On of the unfortunate results of the habit of consistent slagging is that ,when things do turn,you have missed the boat.There is considerably more upside than before,however a close eye on the general markets is prudent ATM.

[the machine]

This could be a pivital point for NZO ie.return for pike-ppp hitting oil?

something is cooking with ppp's vietnam appraisal drill - now drilling deeper and then more logging

m

[stanace]

Millions being bought, and sold. No one commenting. Is everyone too busy buying, or selling, to say what is actually happening here.? Is it PPP, or the POO, or the NZ Dollar, or PRC? Or all of the above.? I would like to know whether to buy, or sell, some one on this thread must have an idea? Phaedrus, Help!