NZ Oil & Gas (NZO)

[Bixbite]

No doubt it will be, they will need plenty of cash for their expansion plans and I doubt they would be embarking on such costly endeavors with a negative balance sheet!

I sent an message to the company via "contact us" this morning, didn't expect would get any reply, but would like to share with you all :-

Dear Mr Andrew Knight

Shareholders would be highly appreciated if the company would do a capital distribution to shareholders of cash instead of paying an interim dividend.

However, you desire to retain all of the surplus cash for future, but as yet unidentified, exploration activity. The company can do right issues if new wells are being found, by this way, shareholders have the right to convert for their new shares or sell their right to get money.

It creates more opportunities for shareholders.

Yours faithfully
.......

[777]

Which shareholders are you representing? Getting a dividend after having imputation credits attached is close to the same thing you are asking for. Getting a dividend gives an indication the company is profitable. A refund of capital instead does not. Those on less than the maximum tax rate can also get the difference in tax refunded.

[Huskeez]

Yay the incredible investment hulk busted down the .945 wall ... Glad i held as .93 was my exit point...

[Bixbite]

Which shareholders are you representing? Getting a dividend after having imputation credits attached is close to the same thing you are asking for.

No worry, I'll sent Mr Andrew Knight a new message mentioning that shareholder - "I" would be highly appreciated.......

Did I mention ?cents in my message? No worry too, would you like me to represent you to ask for 40cents per share?

Huh, I find my temper getting better when getting older.

Cheers
Bixbite

[digger]

I sent an message to the company via "contact us" this morning, didn't expect would get any reply, but would like to share with you all :-

Dear Mr Andrew Knight

Shareholders would be highly appreciated if the company would do a capital distribution to shareholders of cash instead of paying an interim dividend.

However, you desire to retain all of the surplus cash for future, but as yet unidentified, exploration activity. The company can do right issues if new wells are being found, by this way, shareholders have the right to convert for their new shares or sell their right to get money.

It creates more opportunities for shareholders.

Yours faithfully
.......

Hi Bixbite,
You need to get ahold of the latest quartly report or even the last annual and have a read. The comment that the exploration and development are unidenitified is way off the mark. Have a read --it is clearly set out,then get back to us and let us know what you think.

[Mr Tommy]

Here we go ....

NZO
12/02/2013 09:07
MINE

REL: 0907 HRS New Zealand Oil and Gas Limited

MINE: NZO: Drilling underway at Kisaran

Drilling is underway at exploration well Parit Minyak-2 (PM-2) located in
onshore Sumatra, Indonesia.

New Zealand Oil & Gas Ltd has a 22.5 per cent stake in the joint venture
through its subsidiary NZOG Asia Pty Ltd. The well in the Kisaran Production
Sharing Contract is the first New Zealand Oil & Gas has been involved with
outside New Zealand.

The Kisaran Joint Venture partners are Pacific Oil & Gas (55 per cent and
operator) and Pacific Oil & Gas (Sumatera) Ltd, a subsidiary of Bukit Energy
Inc. (22.5 per cent).

The well was spudded at 10.30PM last night local time.

The well is expected to take around 45 days to drill. It will appraise an
undeveloped oil discovery made in 2006, and explore additional zones that
were not present in that well.

A second well, PM-3, also in the Kisaran block, is planned immediately
following operations at PM-2.

[Huskeez]

Woop woop!

[fabs]

Woop woop!

The S/P down again so Woop- Woop What?

[Huskeez]

Im Woop Wooping some feeedback

[Huskeez]

Plus... that earnings report