NZ Oil & Gas (NZO)

[Balance]

Note: Brent Crude prices
Chances of Oil reaching its $75 target is greatly reduced from its 70% surety because of a major support at $89

Sitting just above $89 today.

Not expected to have an impact on NZO though as NZO is driven more by Noggers' perception of management and value.

[Queenstfarmer]

Yawn balance. :O

[Balance]

Trying to give Noggers a positive perspective as the POO falls and falls - that NZO is one of those unique oil and gas shares which does not react to sharp movements in POO.

Biggest moves always happen before major announcements?

[Hoop]

Trying to give Noggers a positive perspective as the POO falls and falls - that NZO is one of those unique oil and gas shares which does not react to sharp movements in POO.

Biggest moves always happen before major announcements?

Great observation there Balance .

Your statement seems to have some truth as the chart (below) shows other factors in play apart from oil prices...this is especially evident since 2009 in that these other factors are noticeably suppressing the NZO shareprice.

[Balance]

http://www.nbr.co.nz/article/nzog-re...pend-wb-121679

"NZOG with a pile of cash is now ready to pour it down high risk exploration and dry holes,in Tunisia and Indonesia.That may be OK if there was a quality exploration team with a focused core strategy.NZOG has neither of these.In turn their CEO has no upstream experience.A certain recipe for wasting shareholder wealth.A good time to SELL!!"

[arjay]

http://www.nbr.co.nz/article/nzog-re...pend-wb-121679

"NZOG with a pile of cash is now ready to pour it down high risk exploration and dry holes,in Tunisia and Indonesia.That may be OK if there was a quality exploration team with a focused core strategy.NZOG has neither of these.In turn their CEO has no upstream experience.A certain recipe for wasting shareholder wealth.A good time to SELL!!"

Brilliant deduction. There is no risk in pouring money down a dry hole, except that some of it might slop over the side. It is a dry hole after all, so the risk of oil being there is 0%

[Balance]

Brilliant deduction. There is no risk in pouring money down a dry hole, except that some of it might slop over the side. It is a dry hole after all, so the risk of oil being there is 0%

Exactly!

When was the last time NZOG struck oil?

[BigBob]

Exactly!

When was the last time NZOG struck oil?

Pray, wise oracle, all-knowing Balance... What would you have them doing instead of what they are proposing....?

[dsurf]

Balance - Do you have active shorts via CFD's or similar currently? I think you are making a lot of money by downramping and causing this company to fail!

[Balance]

Pray, wise oracle, all-knowing Balance... What would you have them doing instead of what they are proposing....?

Return the money back to shareholders.

The directors and management have not been good custodians of the money put into the company by shareholders, and of the money generated from Tui and Kupe (discoveries made a while ago).

The millions in salaries and benefits paid to directors and management - isn't the money better returned to shareholders?