NZ Oil & Gas (NZO)

[Chris Roberts]

Contributors to this thread are entitled to their views, but some facts would help.
The Receivers have been running a sale process for well over a year. Dozens of international companies have considered it and a number conducted thorough due diligence. They know far more about the challenges in resuming a commercial mining operation than anyone on this thread. Not one made a firm offer.
The Receivers ran out of cash in September 2011. Since then NZOG has been funding the tunnel recovery work and the sales process through a loan agreement with the Receivers. A sale means NZOG no longer has to provide that ongoing financial support. It is in the best interest of NZOG shareholders that a sale is concluded.

[Onthemoney]

Contributors to this thread are entitled to their views, but some facts would help.
The Receivers have been running a sale process for well over a year. Dozens of international companies have considered it and a number conducted thorough due diligence. They know far more about the challenges in resuming a commercial mining operation than anyone on this thread. Not one made a firm offer.
The Receivers ran out of cash in September 2011. Since then NZOG has been funding the tunnel recovery work and the sales process through a loan agreement with the Receivers. A sale means NZOG no longer has to provide that ongoing financial support. It is in the best interest of NZOG shareholders that a sale is concluded.

Thanks for your comments Chris. It is quite common for a secured creditor to provide extra cash to enable a sale to be concluded - you are certainly not inventing the wheel here. Cash is usually provided to ensure the best possible return on the secured asset by a sale or otherwise is achieved. There is certainly substancial value in the asset otherwise PRC would have never been set up to pursue it - read the your own and PRC companies reports.

I certainly hope NOG has achieved a sale that satisfies the company's owners (shareholders of NOG) in relation to the value that was put upon this asset before the mine was constructed.

[Wiremu]

Chris, your input is appreciated. A few facts do help.

[Tyro]

Thanks Chris, but you are wasting your time offering facts to Balance. Pure vitriolic emotion is his stock in trade. He claims to have no exposure to NZOG, so one might wonder why he bothers with this thread.

Contributors to this thread are entitled to their views, but some facts would help.
The Receivers have been running a sale process for well over a year. Dozens of international companies have considered it and a number conducted thorough due diligence. They know far more about the challenges in resuming a commercial mining operation than anyone on this thread. Not one made a firm offer.
The Receivers ran out of cash in September 2011. Since then NZOG has been funding the tunnel recovery work and the sales process through a loan agreement with the Receivers. A sale means NZOG no longer has to provide that ongoing financial support. It is in the best interest of NZOG shareholders that a sale is concluded.

[Lizard]

Kaheru farm-in looks like a good move. Should see another interesting target drilled in a years time? (Presume ROC are still trying to farm down their 50% before drill though).

[digger]

Kaheru farm-in looks like a good move. Should see another interesting target drilled in a years time? (Presume ROC are still trying to farm down their 50% before drill though).

Looks like a good one to me as well. Mr market is cracked to drop 3 cents on the news. Does Mr Market want to hear that NZO has gone into another mining venture to go up 3 cents. Cracked ,mad and drugged.
Actually NZO is starting to shape up in the right direction and things could well look very different this time next year with PIKE out of the road and oil drills under way.Mr Market be dammed.

[arjay]

Kaheru looks interesting, although being on the same trendline as a series of relatively small on-shore discoveries a discovery may need to be somewhat bigger to bring it in off-shore - despite its proximity to the Kauri/Rimu production facilities.

Nice to be talking oil again.

[Balance]

Thanks Chris, but you are wasting your time offering facts to Balance. Pure vitriolic emotion is his stock in trade. He claims to have no exposure to NZOG, so one might wonder why he bothers with this thread.

Sorry to disappoint you but I am very very proud to have been a loud dissenting voice and am 100% confident I have caused many to pause from blindly investing in NZO and Pike.

Are you actually suggesting that this forum is only for those who want to talk up shares?

In the final analysis, who has been right and who has been wrong?

Who should investors and posters have listened to?

Hundreds of millions have been lost.

29 miners are dead - why?

[Balance]

Chris, your input is appreciated. A few facts do help.

Let's get factual - who in their right mind would start advertising and promoting a blown-up mine with dead bodies in there, 4 months after the explosion?

Is this quality decision making or a continuation of the appalling mismanagement of Pike River?

[Chippie]

Balance this is the NZO thread not PRC. I appreciate a different view but you sound like a "broken record".