NZ Oil & Gas (NZO)

[arjay]

So a short time frame and must be some good business interests to leave a 700k+ pa position.

Mind boggles, don't even want to speculate on the no. of reasons for him leaving.
But certainly hard to imagining any body giving him a job for even a fraction of what he got at NZO.

"to pursue other business interests" is right up there with "to spend more time with his family" as a euphemism for "resign or else".

Perhaps he's going to work in the supermarket Gordon Ward bought with his booty?

[Balance]

"to pursue other business interests" is right up there with "to spend more time with his family" as a euphemism for "resign or else".

Perhaps he's going to work in the supermarket Gordon Ward bought with his booty?

One thing one must acknowledge - Zeta seems to be getting rid of most of the dead wood and useless hanger-ons in the company.

[Carpenterjoe]

Should be a good morning, dividend hungry investors will be happy.

[trader_jackson]

I never thought they'd to it!!

Great stuff!

[trader_jackson]

Surely a double digit share price increase is on the way today?

Fairly solid, given the circumstances, by the brief looks of things

[Sideshow Bob]

Jeepers, didn't expect that!

Actually a triple figure increase in share price TJ - $0.02

[BIRMANBOY]

Well until last year the dividends had been reasonable. But nice to see a re-instatement. Help me get over TTK

2008 0.10
2009 0.05
2010 0.05
2011 0.02
2012 0.06
2013 0.06
2014 0.06
2015 wheels fall off
2008 0.10.02
$0.06
$0.06
$0.06
$0.00

[tim23]

Nice bonus - gee its even silenced the knockers...!

[fabs]

Nice bonus - gee its even silenced the knockers...!

Well most of the knockers ( myself incl. ) have long ago recommend this, rather than seeing it just going to the management like a gravy-train.
For they have been collecting heaps sitting on there hands for a long time without growing or producing any wealth for the co. other than what was given to them by previous players.
While the O/P is in the doldrums, IT IS RALLY THE ABSENCE OF ACTION BY THE PRESENT LOT, over a long period that the S/P rests where it is.
It remains to be seen whether management will revert back or continue with a more pro growth policy in the future.
They been Hibernating for nearly 10 years now and fully Rested & Hungry for Action.
HERE IS HOPING.

[Balance]

Nice bonus - gee its even silenced the knockers...!

Ah, the moldy crumbs from the top table!

NZO pays $14m of dividend after blowing $62m of shareholders funds in the last two years on 'asset impairment' - $26.6m of loss in Cue Energy.

"The loss attributable to the company’s shareholders was $29.8 million, reflecting the significant loss for the year in Cue Energy Resources".

And when did the bright boys in NZO take over Cue? March 2015!

Could have just bought oil futures and they would have done better.