Due to the shares largely being in limbo-currently most being transferred to asx .
So will NZX listing be closed ? ..makes sense to keep to one exchange costs ... ASX makes sense ..
Spoke with Matt Boyall CEO CUE today ... very interesting and great talking with Matt
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
I am sure it will be very positive about ogog,NZo and cue .
they are working well together with great expertise .
Since Andrew Jefferies became CEO in 2014 many good moves .
OGOG run a very tight ship and money is no longer squandered .
Only a few days before target depth is reached-we know the geology has produced gas in 2 adjacent areas (100 k or so away-if the gas has not escaped this could be big-but the odds are against this )
So will NZX listing be closed ? ..makes sense to keep to one exchange costs ... ASX makes sense ..
Spoke with Matt Boyall CEO CUE today ... very interesting and great talking with Matt
No intention to close the listing .
with primary listing imminent on asx and most shares domiciled there it is inevitable that liquidity will dry for nzx .
Hopefully a lot more shares will trade on asx (Aussies more attuned to producing resource stocks and the new issue of shares)
There is a theory on hc that a merger of nzo and cue under a new listed entity is the end game for ogog.
Yes I've been talking about it for some time on the CUE thread ..
In speaking with Matt Boyall of CUE yesterday ..he did ask me the Question what I hoped to see from CUE going forward (he has spoken with many a S/H unhappy about the stale SP)..
I stated the only real way to grab some market attention was a more aggressive growth profile to engage with S/H Market a clear forward plan to 500mill+ CAP Energy Yield play!
Give S/H a WHY? to continuing to HOLD and Buy more as going from history 6yrs ago CUE had more CASH around the same 2000boepd production profile and SP that traded the same price levels yet Nat Gas had exploded in value + AUD Oil price has tripled!!!!
And IMHO the best plan would be a merger with NZO that would see at present $2-3mill per week in average cashflows ---70mill cash balance ...much lower overall Admin+wages = Net Profit
the Market cap $26mill CUE (must take off NZO holding) + NZO 91mill = 117mill so 47mill EV !! this would of course reduce OG Energy position to around 53% of shares outstanding which I think the market would like sub 50% even better ..
But of course its up to OG Energy if this would ever happen ..they may well just want the lot..
I do agree a new name.. New Zealand O&G ... when you think how anti NZ Govt is against Fossil fuels ...I think Australasia Energy might be a better fit
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
That is very close JBmurc to what I was thinking. First I thought to call it ANZAC Energy,but we really are not part of the army corp,so ruled that out. In the end purely as a thought exercise came up with ANZE. The E stands for energy.
I also think that the days of NZO are behind us so for growth and get some interest in the company it needs a name change to reflect the future.
Originally Posted by JBmurc
Reply With Quote
Bookmarks