NZ Oil & Gas (NZO)

[the machine]

has anyone heard progress for the indonesian drill?
site works have been going on for a while now.

it will be good to ride the oil rollercoaster again

M

[fabs]

has anyone heard progress for the indonesian drill?
site works have been going on for a while now.

it will be good to ride the oil rollercoaster again

M

Well, NO TO THE FIRST Q.
YES TO THE SECOND

A couple months ago on this forum suggested that we look at the S/P again, seems it starts to slip in the accustomed fashion so familiar with nzo.
Market generally well up O/P steady, but as i said then, once the Div/p and AGM behind us STAGNATION.

[bucko]

Finally an announcement!

https://www.nzx.com/companies/NZO/announcements/230315

[dsurf]

Good to see more exploration coming

[Mr Tommy]

Finally an announcement!

https://www.nzx.com/companies/NZO/announcements/230315

Bit more detail here, 65m barrels:

http://www.asx.com.au/asxpdf/2012111...sv0qpxrbp1.pdf

[the machine]

nzo just bought a $12.5m ticket for another oil roller coaster ride - great to see

once the semi finishes the drill and hopefully 2nd drill with success, then it should be available for other suitable nzo drills

M

[Balance]

nzo just bought a $12.5m ticket for another oil roller coaster ride - great to see

once the semi finishes the drill and hopefully 2nd drill with success, then it should be available for other suitable nzo drills

M

Based upon their track record of the last 10 years, might as well write off the $12.5m now.

[JBmurc]

Great news for us OXX holders

[bucko]

i thought you would be happy balance this is oil they are investing in not coal!

[Mr Tommy]

has anyone heard progress for the indonesian drill?
site works have been going on for a while now.
M

I sent a query to NZOG, just got a reply that drill site construction is progressing, and still expect to spud in December.