NZ Oil & Gas (NZO)

[Wiremu]

Have to agree 100% with mistTea.

[fish]

Good analysis mista tea and I fully agree .
Ogog are shrewd and rich.
They do not need a high sp or a dividend-nor do I need one but I would really like one or the other !
Tagging along with OGOG feels good to me.
I will be expressing my views at every AGM and suspect I will be attending the next one in person

[fish]

Have to agree 100% with mistTea.

if NZO decided their best investment they can make is actually to buy back their own shares -say 5 million-a paltry spend for what is in the bank-on the market at what price would you sell some shares ?
Would you sell all your shares at say 55 cents ?

[SPC]

It isn't hard to argue that we were warned at the time...hand it over or you'll be left with a tanking share price.
So given that why would executive management bother holding any stock in there own name given the absence of any gain. How much do the execs own .?
Anybody know?

[fish]

It isn't hard to argue that we were warned at the time...hand it over or you'll be left with a tanking share price.
So given that why would executive management bother holding any stock in there own name given the absence of any gain. How much do the execs own .?
Anybody know?

Yes we all knew the risk /reward of Ironbark-that’s what attracted many .
Andrew Jefferies owns a lot and bought into the rights offer which should be reassuring to all holders
I have no doubt he is looking at ways to improve the sp. and equally he will be finding it difficult-good news does not work -fund managers will not be wanting to buy shares of any kind atm.
Several staff/ex staff have shares and rights to buy at a higher price .
I am enthusiastic and optimistic the sp will have to increase substantially in the next couple of years

[SPC]

Ok thanks Fish. I guess that's some reassurance. Skin in the game is a good sign.

[Wiremu]

if NZO decided their best investment they can make is actually to buy back their own shares -say 5 million-a paltry spend for what is in the bank-on the market at what price would you sell some shares ?
Would you sell all your shares at say 55 cents ?

Fish, I'm out of NZOG altogether, and won't be buying back in at any price.

[nztx]

Fish, I'm out of NZOG altogether, and won't be buying back in at any price.

I'm with you there too

[Toddy]

NZO looks like it is in pretty good shape. Decent cashflows coming in the door to fund future drilling schedules.

I've bought back in for the thrill of hitting the pay dirt. Black gold.

It's at a good entry price for newbies. However, I can understand the frustration of longer term shareholders.

[nztx]

Fairly good shape for whom ?

Most wont have forgotten Ironbark a while back

Pay dirt may be a look in but no touch for long suffering minorities
where the majority control the pot and little incentive exists to spill
a little over to minorities who denied them full control earlier