NZ Oil & Gas (NZO)

[fabs]

Quite correct Mr Tommy
will NZOG get its act together not only in time but over all?

[Chris Roberts]

AWE is currently the Operator of the Barque permit, although a change of operator to NZOG has been agreed by the joint venture and is awaiting formal government approval. The jv is also waiting for a change of permit conditions to be approved, which has been with MED since late 2010. Any drilling at Barque will require 1. government approval of the change of permit conditions; 2. a firm commitment from all the jv partners and 3. the availability of a suitable and cost effective rig. A rig needed for the deepwater of Anadarko/Origins permit is not necessarily the right rig for Barque.

[notie]

AWE is currently the Operator of the Barque permit, although a change of operator to NZOG has been agreed by the joint venture and is awaiting formal government approval. The jv is also waiting for a change of permit conditions to be approved, which has been with MED since late 2010. Any drilling at Barque will require 1. government approval of the change of permit conditions; 2. a firm commitment from all the jv partners and 3. the availability of a suitable and cost effective rig. A rig needed for the deepwater of Anadarko/Origins permit is not necessarily the right rig for Barque.

and a pair of testicles which nzog may or may not have

[the machine]

interesting to compare awe and nzo sp over last 12 months.

june 11 2010 awe $2.13 nzo $1.17
june 10 2010 awe $1.35 nzo .705
down awe .78 nzo .465
-37% -40%

considering nzo took the big hit from pike then it implies a much more robust stock.

as evidenced by performance in last 3 months - awe down about 18% and nzo up about 10%

M

[Corporate]

interesting to compare awe and nzo sp over last 12 months.

june 11 2010 awe $2.13 nzo $1.17
june 10 2010 awe $1.35 nzo .705
down awe .78 nzo .465
-37% -40%

considering nzo took the big hit from pike then it implies a much more robust stock.

as evidenced by performance in last 3 months - awe down about 18% and nzo up about 10%

M

Or alternatively, AWE is a BUY because its actually pretty cheap!

[digger]

interesting to compare awe and nzo sp over last 12 months.

june 11 2010 awe $2.13 nzo $1.17
june 10 2010 awe $1.35 nzo .705
down awe .78 nzo .465
-37% -40%

considering nzo took the big hit from pike then it implies a much more robust stock.

as evidenced by performance in last 3 months - awe down about 18% and nzo up about 10%

M

This i feel is the effect of KUPE which has been very long in the pipeline but now very valuable dispute the damage of PIKE. I do not follow AWE so closely but i doubt AWE has anything precentage wise that came on producing in this time frame.

[the machine]

headlines from energy review website

Anadarko hopes for rig fête
(Friday, 10 June 2011)

HIGH rig mobilisation costs may cause US major Anadarko to postpone drilling two wells in New Zealand waters this summer until other joint ventures join it for a multi-operator program.
Full Story...


M

[the machine]

tunisia is now the go for usd$3m - looks good.

wonder if nzo will also spend a few $ topping up their ppp investment while sp so cheap.

M

[Mr Tommy]

tunisia is now the go for usd$3m - looks good.

"Tunisia gives us diversity, by adding a lower risk/smaller reward core area to our portfolio. The exploration targets tend to be of moderate size - so do not generally attract the interest of the really big industry players - but the likelihood of striking oil is typically higher than what we experience in New Zealand"

Yes doesnt look too bad. Probably a better investment than the share buy back.

[Balance]

"Tunisia gives us diversity, by adding a lower risk/smaller reward core area to our portfolio. The exploration targets tend to be of moderate size - so do not generally attract the interest of the really big industry players - but the likelihood of striking oil is typically higher than what we experience in New Zealand"

Yes doesnt look too bad. Probably a better investment than the share buy back.

What expertise does NZO bring to Tunisia?

Eh? None.

Does Tunisia want something from NZO?

Yes. Dumb cash.

Marriage made in heaven for Tunisia. Can just see the Tunisians breaking out the champagne.