NZ Oil & Gas (NZO)

[Toddy]

The scheduled drilling program looks exciting.....

[Toddy]

Share price tanked today on low volumes.

[JBmurc]

I see Dr Chris Mckeown and moved on from NZO after 10yrs-10months .. last position held with NZO - VP Business Development ..

https://www.linkedin.com/in/chrismckeown/

Smart guy has join one of my long term holds 'MELBANA ENERGY' MAY-ASX

[Toddy]

Quarterly due out today. Also news on the latest drill.

CUE released Quarterly 2 days ago. Solid results and a bit of positive interest in their share price.

[Sideshow Bob]

https://www.nzx.com/announcements/415367

Highlights
- 2P Total Reserves increase of 14% at Palm Valley to 2.1 million barrels of oil equivalent (mmboe), associated with the successful drilling and flow performance of the PV-12 well.
- 2P Total Reserves increase of 13% at Dingo to 3.5mmboe, owing to ongoing strong performance from the wells and additional modelling work.

[Sideshow Bob]

Quarterly Report....

http://nzx-prod-s7fsd7f98s.s3-websit...518/399405.pdf

[Toddy]

Good consistent cashflows. And even better going forward as alot of hard work has been put into recent and future drills.
At some stage in the not to distant future the value of these cashflows will start to be reflected in the shareprice one way or another.

[Toddy]

BA 01 drill results are not far away.

NZ investors have priced in a zero percent chance of success.

[Sideshow Bob]

BA 01 drill results are not far away.

NZ investors have priced in a zero percent chance of success.

Or at least a zero percent chance of anything meaningful flowing through to NZO minority shareholders.....

[Toddy]

Reinvesting cashflows into the next drill is the most efficient use of minority shareholders capital at this stage.

If shareholders are chasing a dividend stock then there are plenty of options elsewhere in the markets.