NZ Oil & Gas (NZO)

[digger]

The WTI price passed US$80 a barrel,but of coa-rse that is with a purchaseing US of about half what it used to be.Even the Kiwi went up against the US in last 24 hours.We still have some exposure to the Us if the WTI goes above 85 which i think it will.I do not well understand this forward cover thing and when it kicks in. The confusion is around
collapsing US dollar,but it looks like we will lose on a small number of barrells[about 350 thousand from memory.

[dsurf]

maybe you should start buying up to 5% of PRC yourself dsurf ..... achieve the same result

Can you lend me the money - I would love to.

[boysy]

is tapis keeping its premium over the other typres of oil ?

[Zorbah]

.
Yesterday's Tapis price was nudging US$82 / barrel

http://www.aip.com.au/pricing/marketwatch.htm

Todays Nymex oil price is up approximately US$1.5 compared to yesterdays price so I'm expecting Tapis to be up again today -- we will see today's price tomorrow when the the AIP graph is updated for Tapis !!

For current Nymex, Brent and WTI see Bloomberg:

http://www.bloomberg.com/markets/com...rgyprices.html

[shasta]

Aspect Huntley have updated their report on NZO, reiterate accumulate rating.

If someone doesnt wake up & give NZO a kick, a predator will start accumulating it!

Meanwhile another week has by gone & approx another 6250bopd x 7 = 43750 barrels to NZO.

Say @ $US70 & (NZ/USD 0.70) = $NZ100 barrel (nice round number...)

Revenue/Cashflow of $NZ4,375,000 per week!

Tinker with the figures to suit people, but its happening, every week the cheques roll in...

[boysy]

and on a current market cap of 280 mill including options

[digger]

If someone doesnt wake up & give NZO a kick, a predator will start accumulating it!

Meanwhile another week has by gone & approx another 6250bopd x 7 = 43750 barrels to NZO.

Say @ $US70 & (NZ/USD 0.70) = $NZ100 barrel (nice round number...)

Revenue/Cashflow of $NZ4,375,000 per week!

Tinker with the figures to suit people, but its happening, every week the cheques roll in...

shasta,your nz100 a barrel should be more like 115-120
that makes over 5 million a week if in fact they are doing close to 45,000 to 50000 a day from TUI.

[shasta]

shasta,your nz100 a barrel should be more like 115-120
that makes over 5 million a week if in fact they are doing close to 45,000 to 50000 a day from TUI.

Nice upside potential aye?

I used $NZ100 a barrel as a conservative estimate in case our resident NZO knocker comes out from under his rock...

Was using 12.5% of 50,000bopd in my example, last figure that was announced was 47,000 so i figure they'd have sorted it out by now!

Roughly $NZ5m a week then, equates to around $60m per quarter...

Now, wheres that re-rate gone again?

[Mr Tommy]

The Dominion Post | Friday, 14 September 2007

Motorists are being warned to expect further fuel price increases as oil prices hit a record high of $US80 ($NZ112) a barrel.


http://www.stuff.co.nz/4200948a10.html

[Nitaa]

nzo's call options are likley to kick in at some time. i think the figure was around the 84 or 85 mark.

balance. i guess you figure the put options will kick in any time soon aye. lol