NZ Oil & Gas (NZO)

**nztx** · 29-12-2020, 02:37 PM

News slow arriving - on return back over the ditch ?

a bit strange as it came from Oz in the first place ..

**LEMON** · 29-12-2020, 02:41 PM

Where do you think it goes for NZO now guys? I have been watching from the sidelines on this announcement.

**nztx** · 29-12-2020, 02:43 PM

where was SP before this play started - high 50's / low 60's ?

did the market really put much value on the Ironbark prospect in NZO's SP
in any case - if NTA is looked at in comparison to SP

okay sure - some cash has been thrown at Ironbark, but .. ?

**LEMON** · 29-12-2020, 02:44 PM

If I remember right low 60s yes.

**Ripping** · 29-12-2020, 02:45 PM

Doesn't seem to be a lot going for NZO now. All that remains is the draining of their current wells. Still, break-up value is still more than the current share price.

**nztx** · 29-12-2020, 02:47 PM

Did someone suggest Liquidating NZO earlier here ?

SP looks like it's been beaten to h3ll on back of this announcement
but NTA suggests still some value in excess of SP for those faring
the seas on a locked in Share Register, with a majority holder ..

**nztx** · 29-12-2020, 02:52 PM

The sky appears to be falling with SP ..

0.48/0.55 last 0.56 within past 20 mins

SP now 0.47

**Boffin** · 29-12-2020, 03:43 PM

will be interesting what O.G Oil and Gas will now do. Somebody is buying big in NZ and a 100,000 buyer just came in at 51.5c on the ASX........

**arjay** · 29-12-2020, 03:47 PM

Originally Posted by LEMON

Where do you think it goes for NZO now guys? I have been watching from the sidelines on this announcement.

Hopefully we won’t return to years of (unsuccessfully) looking for promising takeover opportunities whilst using our diminishing funds to pay a raft of six figure salaries to employees who have been unsuccessful in adding value to the company. Having not identified follow-up prospects maybe it is time to wind up? While not in the best interests of employees, it would be in the best interests of shareholders.