NZ Oil & Gas (NZO)

[fish]

The likelihood of it ever becoming law is not the issue. The issue is that there is this constant push since the last election to make it harder and harder for the O&G industry.

It is already an unfavourable environment after the offshore ban of future permits. Just by submitting a members bill with the latest crazy idea (whether it ever becomes law or not) adds to the whole notion that NZ is closed for business to would-be explorers.

Such a crazy idea that if it was passed would result in us importing more dirty coal.
It will not happen but if it did nzo shares would drop as ACC forced to sell then we could acquire heaps more before Ironbark drill.
Personally I see it as just a bit of bad noise that most will not hear.
Jacindas ineptitude in her response to coranovirus should see this government gone.

[Fabs37]

Jacintas ineptitude in her response to coronovirus should see this government gone.[/QUOTE]

Joseph Stalin — ‘Those who vote decide nothing. Those who count the vote decide everything.’

Looking at the way things pan out around the world.
Nations seem to not end up with what its people or their Countries really need.

[fish]

Jacintas ineptitude in her response to coronovirus should see this government gone.

Joseph Stalin — ‘Those who vote decide nothing. Those who count the vote decide everything.’

Looking at the way things pan out around the world.
Nations seem to not end up with what its people or their Countries really need.[/QUOTE]

I have never studied Stalin-I squirm at the sound of his name like I do with Hitler,Putin.Trump etc.
They had/ have in common ways of miscounting and influencing the vote.
Jacinda I like as a person but I do not trust her much delayed decisions as she consults her biased advisors

[peat]

so is this company still cashed up?
NTA is 84c if its still largely cash this does seem like an opportunity to purchase 84c for 50c

[blackcap]

so is this company still cashed up NTA 84c if its still largely cash this does seem like an opportunity

ssshhhh, hoping others will sell down (falling tides lower all ships) to pick up some more cheap cash.

[Grimy]

Getting that cheap cash is the trick though.....

[fish]

Getting that cheap cash is the trick though.....

They have said they would not make another takeover offer.However times have changed and it would pay OGOG to revisit the advantages of the idea and the chances of a successful takeover
If they made another takeover offer say at 62 to 72 cents plus pro-rata cue shares(approx 2 shares) and do not try a scheme of arrangement they could easily make a successful takeover and gain access to all that cash(around $100m) with the takeover only costing about 40 million.

[peat]

Getting that cheap cash is the trick though.....

yeh I have tried this before and got out with a very modest profit...

[Fabs37]

yeh I have tried this before and got out with a very modest profit...

Might pay to wait till they drop furthe?.

Also wonder whether the management still have any plans, as stated over the nearly last 12 years to take advantage of investment opportunities?

Mitsubishi Finance & UBS Finance having become substantial holders in SENEX Ltd. a very promising explorer, in the last few days.

Or does this lot at NZO know they got MORE time on their hands??

[mistaTea]

I see Andrew Jeffries and co are snapping up their options this time round.

Clearly very bullish on Ironbark and the wider future prospects.