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10-12-2011, 07:43 AM
#11071
Member
Originally Posted by Mr Tommy
from NZOG website:
NZOG has a small team (around 20 employees) based in Wellington, New Zealand. We are not currently operating any projects or facilities, so have no field office or staff.
So how does running a company of 20 justify a $500k salary ?
I might go join the Occupy Wellington movement.
Andrew Knight was 14 years old when I first invested in NZO. Good on him for cashing in on what others established for him, although in return I expect him to very soon indicate his strategy for creating shareholder wealth. Hopefully his thinking goes beyond being Santa to those in his rather small team.
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14-12-2011, 01:53 PM
#11072
This Tunisia deal looks the goods. At last something to pat management on the back for!
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14-12-2011, 02:11 PM
#11073
Originally Posted by jonu
This Tunisia deal looks the goods. At last something to pat management on the back for!
The purchase is equivalent to $10 per barrel for p50 reserves. My concern is whether 6mmboe offshore is economic to develop..I don't no?
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14-12-2011, 02:28 PM
#11074
The 6 million barrels PLUS adjacent lobes. They obviously feel its viable or they wouldn't be stumping up. Also gives them a foot in the door for further exploration.
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14-12-2011, 03:59 PM
#11075
Originally Posted by jonu
The 6 million barrels PLUS adjacent lobes. They obviously feel its viable or they wouldn't be stumping up. Also gives them a foot in the door for further exploration.
so producing 20,000 barrels a day has a life of under 1 year.
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14-12-2011, 05:56 PM
#11076
Member
Good coin...quick turnover?
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14-12-2011, 07:46 PM
#11077
NZOs 40% share at present day prices of $USN 100.00 = 240 MIL $US GROSS.
Will probably take quite a bit longer than 1 year but production start not until 2 1/2 -3 years away.
This is the M/EAST.
Good to learn that they still intend to be active in the oil & gas Business, so have to keep our fingers crossed M/T.
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14-12-2011, 08:28 PM
#11078
On a quick look, I like what I see.
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14-12-2011, 09:02 PM
#11079
Originally Posted by fabs
NZOs 40% share at present day prices of $USN 100.00 = 240 MIL $US GROSS.
Will probably take quite a bit longer than 1 year but production start not until 2 1/2 -3 years away.
This is the M/EAST.
Good to learn that they still intend to be active in the oil & gas Business, so have to keep our fingers crossed M/T.
I wonder how much it would cost to develop all up $200m, or $80m for NZO? Maybe I'm way off
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14-12-2011, 09:06 PM
#11080
At a quick glance, I don't think the deal offers that much - unless there is leads that can be effectively tied in.
I think they're being too generous with the burden of costs they have taken on.
It's difficult to know for sure without more information - I'm sure they must have looked at it on a risk/reward basis pretty hard...
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