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  1. #10631
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    Last edited by Lizard; 25-07-2011 at 09:43 AM.

  2. #10632
    Legend Balance's Avatar
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    Quote Originally Posted by Lizard View Post
    Downgrade cycle begins.

    Last chance to get out before the downgrade accelerates?

  3. #10633
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    Quote Originally Posted by Lizard View Post
    so looks like they have deleted the extra production hole from tui in the recalculation

    the drill bit needs to do some talking and find us some more oil!

    M

  4. #10634
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    Well PPP's announcement is now out on the ASX. Nothing on the NZX yet though.

  5. #10635
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    Quote Originally Posted by Lizard View Post
    Well PPP's announcement is now out on the ASX. Nothing on the NZX yet though.
    Should have figured out by now - NZO likes mushrooms as shareholders.

  6. #10636
    Senior Member upside_umop's Avatar
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    Quote Originally Posted by KentBrockman View Post
    I don't get what you mean. That both companies' managements pull enormous salaries, while otherwise not accomplishing much?

    That's a synergy that holders don't need.

    Someone mentioned Vietnam. Was NZO even in on the Vietnam deal?
    Synergies usually come from cutting double ups. I.e. management.

    Downgrade does not look good...

  7. #10637
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    Hmm, well at this rate, they'll still be stuck in halt on the NZX when trading opens on the ASX...

  8. #10638
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    so ppp saying 10-15% reduction in tui, pending no more drilling.

    for nzo that equates to approx 3-5% reduction of reserves.

    both companies [and AWE] will probably take a hit today


    M

  9. #10639
    Senior Member blockhead's Avatar
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    sh..tt can't take a trick at all these days, lme was a fizzer last week and now a downgrade here, oil and coal are not going to see me into that Porsche I had in mind after all !

  10. #10640
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    Quote Originally Posted by the machine View Post
    so ppp saying 10-15% reduction in tui, pending no more drilling.

    for nzo that equates to approx 3-5% reduction of reserves.

    both companies [and AWE] will probably take a hit today


    M
    Wonder why AWE make this announcement now when an independent review of this is supposed
    to be completed 'early August' i.e. only one or two weeks away? Or are they pre-announcing the
    review's results???

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