NZ Oil & Gas (NZO)

[Mick100]

having spent three yrs in consolidation, when NZO moves ti's going to move quickly to $2.00+
just have to hope that this happens before option expiry
/

[the machine]

So tomorrow [or today in nz time] we get the kupe update and the quarterly.

NZO have a P/E ratio of 39/1 in todays paper and should soon be well under 10/1, unless that damm sp jumps to $2, in whichcase about 15/1 P/E ratio.

Bring it on!

M

[dsurf]

So tomorrow [or today in nz time] we get the kupe update and the quarterly.

NZO have a P/E ratio of 39/1 in todays paper and should soon be well under 10/1, unless that damm sp jumps to $2, in whichcase about 15/1 P/E ratio.

Bring it on!

M

The quarterly will be good - but wait for the 6 month profit release which will be excelent - the broking houses might even start covering nzo seriously!!

[manxman]

And just to keep the good news rolling: Apache departed with the second 10 km load of Kupe pipe on schedule yesterday morning

Mx

[trackers]

$51mil in, $34mil out just for development... Net operating cashflows $7.8mil

[Bilo]

Looks like a $50M profit for the HY to me.
Well done guys. No wonder it was tough to find production costs.

[the machine]

And just to keep the good news rolling: Apache departed with the second 10 km load of Kupe pipe on schedule yesterday morning

Mx

Thanks Maxman

[dsurf]

Looks like a $50M profit for the HY to me.
Well done guys. No wonder it was tough to find production costs.

Bilo - not an expert but won't it go like this?

Sales 62m

less exploration expense 4.3m
less development expenses 46.5m
less production expenses 7.2m
less admin exp 4.4

= sod all profit for first 6 months because development expenses are written off immediately?

[upside_umop]

development is capitalized and then depreciated over the life of the asset.
the quarterly cashflows doesnt show depreciation.
write offs wrt to exploration will be shown in the annual report.

bilo, that was just for the quarter!
=204million annually..as long as that water cut doesnt come in

[Bilo]

So tomorrow [or today in nz time] we get the kupe update and the quarterly.

NZO have a P/E ratio of 39/1 in todays paper and should soon be well under 10/1, unless that damm sp jumps to $2, in whichcase about 15/1 P/E ratio.

Bring it on!

M

I think you could have this very wrong M.

A $100M profit for the year is at a PE of 2.6 or 4 if fully diluted with paid up Options. Options trading up - heads dead - assumption is that $1.50 by June 30 is probable. Just no institution prepared to break ranks yet.

The dry, understatement of a quarterly report - unreadable on Directbroking's NZX news (try adobe on ASX)