NZ Oil & Gas (NZO)

[joey]

With all due respect, Joey, your disclosed portfolio could do with just a touch of excitement added to it! Go on, be daring, grab an energy stock or two!

Colin, that's a correct observation in a relative sense. For excitment I go to the casino or racetrack. I don't mind taking an average 13.78% compounted on Platinum's International Equity funds.

Some may ask why is he interested in NZO. The reason is I have followed this share since it listed in 1981 at $0.50 per share. I have also invested twice in the share. Last time it was when NZO was drilling that well that had a name sounding like the Major in Hogan's Heros.

One reason I think the stock is better now than ever in its 26 year history, is TR is playing a less of a roll in the company.

joey

[fish]

Correct.

Interesting days trading. There are some building up a rather large stake. It is going to be a very interesting next 6 weeks

People. Should there be an offer on the table to buy out nzo in the next 12 months then DONT SELL" i repeat DONT SELL. Do not be greedy and take a short term profit. I dont care if its $3, $4 or $5 per share. DO NOT SELL.

I would add to this do not sell NZO now-you will regret it

Lots big buyers out there-one at 4.55 pm was trying to buy a large amount-not disclosed as was over 100000 shares and therefore didnt have to disclose the amount .

Tapis is at a new record in nz dollars--nz/us under 76 and Tapis us 143.22
NZO theoretically earning 1.1 million gross per day

All the recent sharebroker reports valuing nzo at over $2 havnt factored current prices in.

I still believe there is a high chance of nzo being $3.00 by xmas-almost certain if momoho comes in(50% probability )

I have taken out a new mortgage to back up my margin lending -looks as if i wont need to draw on the mortgage to back up margin lending but means i sleep happily .

[zorba]

Colin, that's a correct observation in a relative sense. For excitment I go to the casino or racetrack. I don't mind taking an average 13.78% compounted on Platinum's International Equity funds.

Some may ask why is he interested in NZO. The reason is I have followed this share since it listed in 1981 at $0.50 per share. I have also invested twice in the share. Last time it was when NZO was drilling that well that had a name sounding like the Major in Hogan's Heros.

One reason I think the stock is better now than ever in its 26 year history, is TR is playing a less of a roll in the company.

joey

Give TR his due, he and the Board and management held the company together for 27 years, saw off those GPG/Brierly mongrels (when they tried to take over NZOG, they would have stript it and hocked it off), and by good old solid perserverance along with dedicated staff have brought three major projects to fruition.

These three major projects were comming down the track long before the current CEO took the wheel ......

Agree though that DS is the now the right man to be leading the company .... nevertheless its been presented to him more or less on a plate.

The next big challenge for NZOG (CEO, management and Board) is how best to make use of the option exercise funds and the present huge Tui cash flows ..... this will be the real test for the company over the next several years.

Z

.

[Sehnsucht888]

Well, I am very surprised at the movement yesterday and today. I expected there would beother like me still needing to unload a few heads to convert the options. Not needing to sell so many now, and might unload something else instead....
Odd that those with deep pockets buying so many now, didn't take on the 3 4 and 5 cent options available on Monday or last week..

[Billy Boy]

The next big challenge for NZOG (CEO, management and Board) is how best to make use of the option exercise funds and the present huge Tui cash flows ..... this will be the real test for the company over the next several years.

Good point Zorba
I would like to see them wrestle PEP38262 off origin energy. That's
the block of the Canty Coast. Has had good showings on very little
drills todate.
BB

[trackers]

Trades through at 1.68... I love being right, just wish I could have leveraged a bit to further take advantage of this which was surely to come.

Unfortunately my 1.69 for the comp is starting to look a bit low

[AMR]

Go my 1.80! It's looking a better and better shot by the day!

[COLIN]

Odd that those with deep pockets buying so many now, didn't take on the 3 4 and 5 cent options available on Monday or last week..

My thoughts entirely. "Rational Market Behaviour"? Nah, there is no such thing.

[digger]

Go my 1.80! It's looking a better and better shot by the day!

Mine is 172 and is looking tooo low.

[COLIN]

Go my 1.80! It's looking a better and better shot by the day!

I see that your Mr Cunliffe is having continuing problems with hair! (See todays news report re Parliament yesterday - on www.stuff.co.nz.)
I agree with Strat - that picture disturbs me whenever I see it!
Cheers!