NZ Oil & Gas (NZO)

[digger]

From a reliable unidentified source it seems the total smoking ban on the Umuroa has been lifted and smoking is now accepted in designated areas.For NZOG this can be seen as a good outcome. Keeps the crew happy but more importantly shifts the responsibility back on to the men to keep within the rules and in the event that an accident does happen the company has at least something to go on to show that they did all possible to made the FPSO safe.

[skid]

Those that bought in ,in the midst of the turmoil, must be happy mushrooms

[notie]

From a reliable unidentified source it seems the total smoking ban on the Umuroa has been lifted and smoking is now accepted in designated areas.For NZOG this can be seen as a good outcome. Keeps the crew happy but more importantly shifts the responsibility back on to the men to keep within the rules and in the event that an accident does happen the company has at least something to go on to show that they did all possible to made the FPSO safe.

NZOG has nothing at all to do with the day to day running of this facility, so to delude yourself that they do shows what a happy mushroom you really must be.

[digger]

NZOG has nothing at all to do with the day to day running of this facility, so to delude yourself that they do shows what a happy mushroom you really must be.

NZOG had nothing to do with the day to day running of PIKE either but after the explosion fingers were pointed by some at ever opportunity.To not see this reality is a delusion beyond even what this happy mushroom has achieved.

[Mr Tommy]

interesting story, predicting oil price to plummet ...

http://www.stuff.co.nz/business/indu...els-investment

[notie]

get a grip on reality....nzo have 12.5% of tui and have involvement in the day to day operations of that field. to think they do is delusional

The reality is nzo have little control on their destiny as they are non operated partners in almost all the projects they are involved in

NZOG had nothing to do with the day to day running of PIKE either but after the explosion fingers were pointed by some at ever opportunity.To not see this reality is a delusion beyond even what this happy mushroom has achieved.

[Monkey Poms]

New Deeper Pool Oil Discovery at Puka
For Immediate Release



("Kea" or the "Group") 14 - February- 2013



New Deeper Pool Oil Discovery at Puka



Kea Petroleum plc (AIM: KEA), the oil and gas exploration company focused on New Zealand, is today pleased to announce that it has made an oil discovery in a new sand reservoir at Puka 2 in the lower Mount Messenger "Mako" Sands.



Puka 2 intersected 4.6m of sand with a vertical thickness of approximately 3.3m in the lower Mount Messenger near 1,700m measured depth. Preliminary petrophysical log analysis indicates that this sand has an average oil saturation of 64%, porosity of 25.6% with MDT permeabilities in the order of 75 to 100millidarcies. These porosity and permeability values are amongst the highest recorded in Mount Messenger reservoirs to date. The fact of there being no indication of free gas or water within the sand package allows Kea to progress to casing the well and then to testing as soon as possible thereafter. Due to the quality of the sand intersected in Puka 2, Kea expects to record higher oil flow rates than those recorded at Puka 1.



The importance of the intersection of the lower Mako sands at Puka 2 cannot be overestimated. Interpretation of the recently acquired 3D seismic survey and further follow up drilling will be required to appraise and develop the upper Puka Sands discovered at Puka 1, the lower Mako Sand package discovered at Puka 2 and determine the ultimate size of the entire Puka field.



The existence and quality of the lower sand package at Puka 2 is significant for the potential field size of the greater Puka field and for potential productivity from both the Puka 2 well and the Pukafield in general.



Ian Gowrie-Smith, Chairman of Kea Petroleum, commented: "We are delighted to have again struck oil at Puka. This new discovery, with its high quality sands, is likely to have much better flow rates than Puka 1. Kea can now look forward with confidence to an early and substantial cash flow."
__________________________________________________ __________

Kea Petroleum strikes oil again,in NZO's backyard. Our directors sitting on their bums again,planning expensive ocean drills,whilst the Kea minnow cheaply drills on land. Within a couple of years they could outproduce NZO's declining production.
I posted quite a while back the opportunity for NZO to buy a stake in Kea for cherry bobs, to make use of surplus funds.

Kea CEO has long held the opinion that the Kea jewel in the crown is the Manuka 1 prospect in the Taranaki area. Rumour in the UK, Kea are very close to a farm-in with a local NZ oil company. (Hope it's NZO )

Anyone know the best way for a NZ friend of mine to purchase stocks quoted on the London AIM stock market

Monkey Poms.


Kea Petroleum is an AIM listed oil and gas exploration company with interests in four petroleum exploration permits in the Taranaki Basin of New Zealand. Kea listed on the London market in February 2010.

[Tyro]

Those that bought in ,in the midst of the turmoil, must be happy mushrooms

Indeed, but gloating is not pretty.

[skid]

Indeed, but gloating is not pretty.

Those that had to put up with the incessant mushroom analogies are entitled to a bit of gloating IMHO

Disc-not holding

[pietrade]

Kea Petroleum is an AIM listed oil and gas exploration company with interests in four petroleum exploration permits in the Taranaki Basin of New Zealand. Kea listed on the London market in February 2010.

and Direct Broking don't have access to them, considering them to be 'too small a business'. Hmmmm.......