NZ Oil & Gas (NZO)

[Lion]

Snr. Lion
Possible you kiwis need the kiwibanking - no?

Si, Si, snr. maybe you correct? Maybe better than banco di mexico, huh?

[Queenstfarmer]

In the past, I have always received a cheque. Does one have to opt in for an automated transfer to a bank account?

[777]

In the past, I have always received a cheque. Does one have to opt in for an automated transfer to a bank account?

Just give the share registrar your bank account number.

You can set that up online by going to the registrar site with your holder number and FIN number and fill in the required details. You can do it for any other shares you have at the same time.

[digger]

Just give the share registrar your bank account number.

You can set that up online by going to the registrar site with your holder number and FIN number and fill in the required details. You can do it for any other shares you have at the same time.

Ok when i make a mistake i like to admit it. I received my cheque today as i did not get around to informing Computershare i wanted it direct credited. They just need your bank account number. Get it done for next year.

[BigBob]

Wellington-based New Zealand Oil & Gas has agreed to buy a 6.67% stake in Petroleum Exploration Permit 38451 in the Taranaki basin.
The deal, which includes a 5% carried interest, would see a 6.111% from Global Resource Holdings and a 0.556% from Randall C Thompson go to New Zealand Oil & Gas.

The other two companies would continue to hold a 5% carried interest in the permit.

Under the agreement, New Zealand Oil & Gas said it would pay US$9.5 million in three tranches. No further financial details were given.

US independent Anadarko operates the permit with a 50% interest. Hyundai Hysco owns 33.333%. Both companies have preferential rights, which they have ten days to exercise.

The deal is also conditional on New Zealand ministerial consent, as well as regulatory approvals to drill a well in the Romney prospect of the permit.

PEP 38451 is the first exploration permit granted over the deep-water extension of Taranaki basin.

It covers 16,380 square kilometres and has a drilling deadline of 30 September 2013.

Anadarko has said it plans to use the Noble drillship Bob Douglas, which is currently under construction, for its offshore New Zealand drilling campaign in the 2013-14 drilling season.

[digger]

11/10/2012 09:55
ASSET

REL: 0955 HRS New Zealand Oil and Gas Limited

ASSET: NZO: NZOG looks to deepwater Taranaki

A conditional agreement has been reached for New Zealand Oil & Gas Limited to
acquire a 6.667 per cent interest in Petroleum Exploration Permit (PEP)
38451, located offshore from Taranaki. Five per cent of the interest is
carried.

If the transaction is completed, NZOG would acquire 6.111 per cent from
Global Resource Holdings, LLLP and 0.556 per cent from Randall C Thompson,
LLC. Each of those would continue to hold a 5 per cent carried interest in
the permit.

The agreement is subject to conditions.

Other partners in the permit are Anadarko (50 per cent and Operator), and
Hyundai Hysco (33.333 per cent). They have preferential rights to the
assignment, which they have ten days to exercise.

It's also conditional on New Zealand ministerial consent to the agreement,
consents and regulatory approvals being received for drilling a well in the
'Romney' prospect of the permit, and the Operating Committee approving an
authorisation for expenditure (AFE) for the costs of the well.

PEP 38451 is the first exploration permit granted over the deepwater
extension to Taranaki Basin. It covers 16,380 km2 and includes multiple
prospects and leads. The permit has a drilling deadline of 30 September 2013.
Anadarko has publicly indicated it plans to use a drillship currently under
construction, Noble's Bob Douglas, for its offshore New Zealand drilling
campaign in the 2013-14 drilling season.

Under the agreement, NZOG would pay US$9,500,000 in three tranches on
fulfilment of conditions.
End CA:00228339 For:NZO Type:ASSET Time:2012-10-11 09:55:01








© Direct Broking (part of ANZ New Zealand Securities Limited) 2005.

Looks like the market likes this one. Up to 87 ATM. I have to admit I know nothing about this deep water drilling. There was some piece a few years ago about west NZ being a treasure trove but i thought that was just a selling point from some pusher.
Adds more interest and a talking point for the AGM.

[the machine]

11/10/2012 09:55
ASSET

REL: 0955 HRS New Zealand Oil and Gas Limited

ASSET: NZO: NZOG looks to deepwater Taranaki

A conditional agreement has been reached for New Zealand Oil & Gas Limited to
acquire a 6.667 per cent interest in Petroleum Exploration Permit (PEP)
38451, located offshore from Taranaki. Five per cent of the interest is
carried.

If the transaction is completed, NZOG would acquire 6.111 per cent from
Global Resource Holdings, LLLP and 0.556 per cent from Randall C Thompson,
LLC. Each of those would continue to hold a 5 per cent carried interest in
the permit.

The agreement is subject to conditions.

Other partners in the permit are Anadarko (50 per cent and Operator), and
Hyundai Hysco (33.333 per cent). They have preferential rights to the
assignment, which they have ten days to exercise.

It's also conditional on New Zealand ministerial consent to the agreement,
consents and regulatory approvals being received for drilling a well in the
'Romney' prospect of the permit, and the Operating Committee approving an
authorisation for expenditure (AFE) for the costs of the well.

PEP 38451 is the first exploration permit granted over the deepwater
extension to Taranaki Basin. It covers 16,380 km2 and includes multiple
prospects and leads. The permit has a drilling deadline of 30 September 2013.
Anadarko has publicly indicated it plans to use a drillship currently under
construction, Noble's Bob Douglas, for its offshore New Zealand drilling
campaign in the 2013-14 drilling season.

Under the agreement, NZOG would pay US$9,500,000 in three tranches on
fulfilment of conditions.
End CA:00228339 For:NZO Type:ASSET Time:2012-10-11 09:55:01








© Direct Broking (part of ANZ New Zealand Securities Limited) 2005.

Looks like the market likes this one. Up to 87 ATM. I have to admit I know nothing about this deep water drilling. There was some piece a few years ago about west NZ being a treasure trove but i thought that was just a selling point from some pusher.
Adds more interest and a talking point for the AGM.

great move by nzo to get into this drill
huge potential and maybe will assist in bringing other parties to farm into nzo permits

M

[fabs]

Just hope it turns out better than the HOCHSTETTER Drill in deep water about 12 years ago.
From memories that had a 1 bill.bbl potential.
Only 9 mil.US$ a bargain if it comes off.
By all means have a go.

[Tyro]

Notice how Balance bleeds disparaging emotion when NZO is down, but goes quiet when there is good news and NZO SP goes for a run. He's a spruiker. A patent spruiker. But what's his price target?
, but

Just hope it turns out better than the HOCHSTETTER Drill in deep water about 12 years ago.
From memories that had a 1 bill.bbl potential.
Only 9 mil.US$ a bargain if it comes off.
By all means have a go.

[Monkey Poms]

[QUOTE=BigBob;382922]Wellington-based New Zealand Oil & Gas has agreed to buy a 6.67% stake in Petroleum Exploration Permit 38451 in the Taranaki basin.


BigBob, my first thoughts on this: NZO junior partner in the venture 6.67% - not much. Then I worked out the value of 6.67% if the drill bit finds the 1.1m barrels of oil. WOW! For a $9.5m entry fee the results could be worth more than NZO's existing assets.

Hope the other partners in the venture carry a lot of luck. NZO's luck seems to be in short supply.