NZ Oil & Gas (NZO)

[Waiuta]

Waiuta,I have had HZN dividends for a number of years. These are paid into my NZ account and no tax is deducted. The tax is a resedent withholding tax only.. So my accountant then sorts it out. My company has tax losses so I paid no tax but I did lose naturally a lot of my carried forward loses. HZN is Horison oil and an purely Aus company

Thank you Digger.

[cycat64]

I wonder how many others have received an email asking them to update bank details. My details are the same as the last time I received a dividend though of course NZO have changed from Computershare NZ to AUS. I tried to check but alas they require an HIN or SRN, neither of which for the life of me I can find. CSN yes. Interestingly, when I now check my holdings on Computershare AUS I note NZO missing. I have never had occasion to check before. Any suggestions for this poor long-suffering elderly investor?

[SPC]

Sounds like your holding is still on the NZ register so check there. They are dual listed.
You had to request your shares to be transferred to the ASX several years ago, in the interests of listing in a bigger market (Au). I think most did, perhaps you didn't ?.
At the time of transfer to the Australian register NZO promised that NZ banking details would be transferred to Computershare Australia, I've yet to check they have...any comments anyone?

[fish]

I wonder how many others have received an email asking them to update bank details. My details are the same as the last time I received a dividend though of course NZO have changed from Computershare NZ to AUS. I tried to check but alas they require an HIN or SRN, neither of which for the life of me I can find. CSN yes. Interestingly, when I now check my holdings on Computershare AUS I note NZO missing. I have never had occasion to check before. Any suggestions for this poor long-suffering elderly investor?

As SPC comments you are likely to still be on the nz register .
Check to confirm this on nz computershare.
I had to actively get my broker to transfer some of my shares to the au register -I split my holdings.

[Getty]

Good interchange of opinion and help between posters, and good to see some infrequent posters back.
I'm not currently a shareholder, but would have thought what is good for OG is good for small shareholders too.

Bearing in mind exploration is continuing, and burns cash, in the hope of striking the prize, which then benefits everyone, l don't think giving away cash now, which is taxable in the hands of the shareholders is a good idea.

However the market has spoken, and they think it's great.

[fish]

Good interchange of opinion and help between posters, and good to see some infrequent posters back.
I'm not currently a shareholder, but would have thought what is good for OG is good for small shareholders too.

Bearing in mind exploration is continuing, and burns cash, in the hope of striking the prize, which then benefits everyone, l don't think giving away cash now, which is taxable in the hands of the shareholders is a good idea.

However the market has spoken, and they think it's great.

After being badly burnt with Ironbark it’s a big relief that strategy has changed .
Now relatively low cost land based drills in Australia .
The music I like
Amadeus is classic for what NZo are seeking.
Seismic and interpretation is so much easier so much greater certainty of success .
As for a cash dividend it’s from the cue dividend and I guess somebody has to pay tax on profit .
The earnings from cue and NZo are phenomenal -around 10 cents per share and nta about double the sp.
A share buyback would be wonderful for NZo and its shareholders .
I suspect they are holding back for fear it might reduce liquidity.
I do not share this fear as I know several big shareholders would sell some of their holdings if the sp better reflected value

[arjay]

Sounds like your holding is still on the NZ register so check there. They are dual listed.
You had to request your shares to be transferred to the ASX several years ago, in the interests of listing in a bigger market (Au). I think most did, perhaps you didn't ?.
At the time of transfer to the Australian register NZO promised that NZ banking details would be transferred to Computershare Australia, I've yet to check they have...any comments anyone?

I have a similar problem. NZO appear to no longer be listed on the NZ Computershare register - my CSN number won't therefore bring anything up because NZO isn't on their list. I can't register on the AU Computershare site without a SRN number for my shares, and I need to register to confirm my bank details. I've filled in their 'ask a question' tool to ask about this and hope they answer. I'd have thought they would have contacted us with the SRN numbers when they moved to the new register.

[Sideshow Bob]

I have a similar problem. NZO appear to no longer be listed on the NZ Computershare register - my CSN number won't therefore bring anything up because NZO isn't on their list. I can't register on the AU Computershare site without a SRN number for my shares, and I need to register to confirm my bank details. I've filled in their 'ask a question' tool to ask about this and hope they answer. I'd have thought they would have contacted us with the SRN numbers when they moved to the new register.

I’m in the same boat.

There is a NZ 0800 number to call in the email from NZO about the dividend. So will call them next week.

[SPC]

You won't be on the Au Computershare register unless you accepted to do so during the OGOG takeover in June 2022.
You had to opt in to transfer your holding to the ASX or else your holding remained domiciled in NZ. Computershare NZ transferred my holdings to the ASX and I received confirmation 3 days later from Computershare Australia including my SRN.
Maybe you missed the relevant correspondence at the time?.

[Toddy]

I didn't receive any email about the dividend.