NZ Oil & Gas (NZO)

[fabs]

After more than 3 years of diligently searching for new opportunities
and the same time stating the promising offshore Taranakei-Basin well worth pursuing and investing in------
TUNISIA ????
BTW is the seller paying for DS's upcoming journey to attend and celebrate the signing of this very promising and well considered project.

[Sideshow Bob]

Tunisia.

To quote the esteemed Mr McEnroe.....'You can NOT be serious'!

[Corporate]

Tunisia.

To quote the esteemed Mr McEnroe.....'You can NOT be serious'!

Hmmm no opportunities in Taranaki. Doesn't wash with me, OMV just completed a farmin to a permit recently granted to Octanex.

[the machine]

announcement on asx yesterday by 10% holder of PEP31511 - Kaupokonui

http://www.asx.com.au/asx/statistics...idsId=01179375

M

[pietrade]

What kind of blindness is effecting these guys? Instead of a persuing worthwhile interests here, in a country with a (relatively) stable government and a known scource of high quality coking coal, (that NZO ALREADY has a large stake in) they are (have gotten ?) involved in a very volatile part of the world chasing oil and gas.
It seems to me that they are so attached to 'being an oil/gas company' their view is blinkered and has them completely missing the point - which is - 'Why are they in business?' Maybe it's not to capitalise on how best to make money for their share-holders but some paranoid sense of 'sticking to their knitting' so fervently they no longer see the wood for the trees?? Hmmmmmmmmmmmmmmmmmm.
Maybe it's all a 'smoke screen' to disguise the fact they are about to pounce and win the tendering process for Pike River. Yeah. Right.

[blockhead]

Hard to figure why they would go away to hell up the top of Africa when there is a partly finished coalmine just down the West Coast which will present good returns when up & running.

Admittedley the swimming is probably better in the Med than the Tasman but they aren't there for the beaches...are they ????

[digger]

announcement on asx yesterday by 10% holder of PEP31511 - Kaupokonui

http://www.asx.com.au/asx/statistics...idsId=01179375

M

Interesting reading. I read somewhere that an gas column was expected and hopefully overlay a oil deposit. But this is the first i have seen of an upgrade in resource [hopefully] size going from a previous minium of 200,000 to 380000. It could be all seawater so i will go back to buying a lotto ticket.
if Kaupokonui is drilled and empty then i think we have to give further drilling in Taranaki a miss until better methods of perdrill are developed.Not a lot of profit in continued dry wells.

[notie]

nzo management seem to be more delusional that ever. Great idea going and investing in a north african country that has just been through a revolution. It reminds me of Fletcher Challenge investing in SE Asia and loosing a lot of money. This nzo investment looks as if it has the potential to go this way.

Senior management are pulling some serious coin, but after 3 years this is the sum of their investment search? The delusional management behave like a big oil company so think they need to comb the world looking for investments. While they do this they manage to blow a lot of money. Office and geology cost last quarter ~3.5 million. They certainly know how to spend share holders money! These guys are really a joke

There do seem to be several oil companies in nz doing OK. TAG oil for instance are exploring Taranaki and have made several discoveries recently.

[Lion]

Digger, I see NZOG have 90% of Kaupokonui, and are operator.

90% of 380 million barrels of gross mean recoverable looks better than a Lotto ticket to me.

[digger]

Digger, I see NZOG have 90% of Kaupokonui, and are operator.

90% of 380 million barrels of gross mean recoverable looks better than a Lotto ticket to me.

Me two if it happens,but until it happens it is just predrill hype. If it comes up empty the lotto ticket is the winner.90% of nothing is nothing as we have discovered many times before in the last few years drills.