NZ Oil & Gas (NZO)

[Toddy]

What is Snipers take on the reported result.

[bermuda]

To all the supporters of NZO I say congratulations to you all for picking a little NZ company that has grown to become a giant over the last 25 years.

Well done NZO.

It's hard to argue with blistering financials. And a lot more to come.

[arjay]

What is Snipers take on the reported result.

probably something to the effect that we will get nothing because we no longer have 5c coins in circulation.

[bermuda]

momoho to be drilled in May / June - bring it on

Momoho is the reason they made the pipeline 3 times the size required.

Yes, Bring it on!

[dsurf]

Financials that might wake a few people up!

non diluted EPS = 31.6 cents from (41.4 x 2 ) / 262
diluted EPS (controversial NON EMPTY PARCEL theory) = 20.6 cents from (41.4 X 2) / 401

non diluted p/e at $1.27 = 4 from (127 / 31.6)
diluted p/e (controversial NON EMPTY PARCEL theory) = 6.1 127 / 20.6

cash yield = 3.9%
gross yield = 5.9%

If we were to assume a diluted, discount to market p/e of:

9 then SP should be $1.85

that would be nice!!

[sideline]

Listened to radionz national radio reporting (around 12:20) -

- they mentioned the huge increase in NZO's revenue but
- quickly added some snipped about writedowns at PRC (which they emphasized NZO had a big stake in) AND
- made absolutly NO mention of the dividend!!!!

What is their interest in this biased reporting???

[AMR]

What writedowns? Don't they mean rights issues? Really, it must be the anti-fossil fuel attitude.

What a wonderful result today!

[QOH]

The midday TV1 news didn't even mention it, even the woman at sharebrokers they crossed to, didn't say a word.

[dsurf]

Listened to radionz national radio reporting (around 12:20) -

- they mentioned the huge increase in NZO's revenue but
- quickly added some snipped about writedowns at PRC (which they emphasized NZO had a big stake in) AND
- made absolutly NO mention of the dividend!!!!

What is their interest in this biased reporting???

Phone them up and put them straight!

[Sumnerned]

The writedowns referred to the monies spent on the abandoned sea transport system. RNZ had Ward on air saying it.

That said, the level of business reporting by RNZ is tragic. You'd have to be damn clever to read the ann and miss the 5c div!

Go NZO!