NZ Oil & Gas (NZO)

[Sideshow Bob]

http://nzx-prod-s7fsd7f98s.s3-websit...122/412477.pdf

NEW ZEALAND OIL & GAS BUYS MORE OF THE MEREENIE GAS FIELD

Highlights
• Conditional acquisition of a further 25% interest in the Mereenie gas field, AmadeusBasin, NT, Australia
• Doubles Mereenie 2P Total reserves and increases NZO's net 2P Total Reserves by 41%
• Upfront payment of A$42.5m, to be adjusted for revenues and costs from 1 April 2023,and further contingent payments of up to A$9m
• 100% vendor debt facility of up to A$63m covers all purchase and transaction costs,with additional availability to fund development activity

[Toddy]

http://nzx-prod-s7fsd7f98s.s3-websit...122/412477.pdf

NEW ZEALAND OIL & GAS BUYS MORE OF THE MEREENIE GAS FIELD

Highlights
• Conditional acquisition of a further 25% interest in the Mereenie gas field, AmadeusBasin, NT, Australia
• Doubles Mereenie 2P Total reserves and increases NZO's net 2P Total Reserves by 41%
• Upfront payment of A$42.5m, to be adjusted for revenues and costs from 1 April 2023,and further contingent payments of up to A$9m
• 100% vendor debt facility of up to A$63m covers all purchase and transaction costs,with additional availability to fund development activity

This is a big deal. 100 percent financing which shows you the current strength of the portfolio.

Well done.

[Toddy]

Someone still desperately selling. Good opportunity to get in at these levels.

[Sideshow Bob]

Net production receipts for the last quarter for Amadeus Basin was $7.3m AUD for NZO, including Cue's share. It includes Dingo and Palm Valley but must be at least 85% of revenue from Mereenie.

Might take their net production receipts to around $12.5m AUD per quarter.

[mistaTea]

Someone still desperately selling. Good opportunity to get in at these levels.

Please remember the wise counsel of Phaedrus, more than a decade ago.

[Toddy]

Net production receipts for the last quarter for Amadeus Basin was $7.3m AUD for NZO, including Cue's share. It includes Dingo and Palm Valley but must be at least 85% of revenue from Mereenie.

Might take their net production receipts to around $12.5m AUD per quarter.

The numbers all look good. And budding up with Horizon all goes well for the future.

I've been in this stock roughly a year now. Average buy in price 38.5 cents.

Every single market discosure over that period have all been progressive apart from one dud well in Indo.

[Toddy]

Please remember the wise counsel of Phaedrus, more than a decade ago.

When investing you pick a strategy and stick to it. My strategy is based on strong balance sheets and cashflows and I always have a solid 'stop loss' limit in place.

[fish]

The numbers all look good. And budding up with Horizon all goes well for the future.

I've been in this stock roughly a year now. Average buy in price 38.5 cents.

Every single market discosure over that period have all been progressive apart from one dud well in Indo.

35pj extra of gas has a value of around au$ 500,000,000 at todays prices and yesterdays announcement of a large volume contract,inflation adjusted complements .

do your numbers agree Toddy

[mike2020]

Maybe a stupid question but why finance when the cash is currently on hand?

[Sideshow Bob]

Please remember the wise counsel of Phaedrus, more than a decade ago.

In recent months, NZO hasn't been in a downtrend, its been in a nowhere trend......

Good example however on the ASX thread with HCL