NZ Oil & Gas (NZO)

[trackers]

Is this a worry at all. Is there something we should know?

See how money he converted, and owns? Not surprised he had to let a small amount lapse. A fund he has a holding in selling $200,000 is neither here nor there imo. (From what I can tell he took up 2,300,000 shares at $1.50 a share, and sold 300,000 oppies but please correct me if I'm wrong!!)

Looks like he has a warchest of about 9million shares...


check out the announcement:
http://www.stocknessmonster.com/news...E=ASX&N=301339

[IMG]file:///C:/DOCUME%7E1/cnwjl1/LOCALS%7E1/Temp/moz-screenshot-1.jpg[/IMG]

[Nitaa]

SP is holding up well. Weakness has been snuffed out and PRC, drop in oil prices made no difference.

[Chris Roberts]

The information on Tui Production provided through the NZOG website has been updated:

Production since 1 July 2008
Up to 8 July: Approx 210,000 barrels. NZOG's share of production approx 26,000 barrels.
NB: Weather issues and testing requirements have temporarily affected production since late June.


The forecast total production for FY09 is 9 mmbbls. Temporary issues do not alter that forecast.

[Chalice]

The information on Tui Production provided through the NZOG website has been updated:

Production since 1 July 2008
Up to 8 July: Approx 210,000 barrels. NZOG's share of production approx 26,000 barrels.
NB: Weather issues and testing requirements have temporarily affected production since late June.


The forecast total production for FY09 is 9 mmbbls. Temporary issues do not alter that forecast.

Thanks for your prompt reply to my e-mail and thanks for posting it on Sharetrader - great to see the 92.5% conversion of options - onwards & upwards!

[trackers]

The information on Tui Production provided through the NZOG website has been updated:

Production since 1 July 2008
Up to 8 July: Approx 210,000 barrels. NZOG's share of production approx 26,000 barrels.
NB: Weather issues and testing requirements have temporarily affected production since late June.


The forecast total production for FY09 is 9 mmbbls. Temporary issues do not alter that forecast.

Thanks Chris, legend

[temptation]

There seems to be a lot of attractive oil & gas juniors going cheap in Oz. You would think this could be a good time for a company with a warchest and a steady income to go shopping!
eg; VPE, BOW, MOS, CUE, PPP,

[Bilo]

The information on Tui Production provided through the NZOG website has been updated:

Production since 1 July 2008
Up to 8 July: Approx 210,000 barrels. NZOG's share of production approx 26,000 barrels.
NB: Weather issues and testing requirements have temporarily affected production since late June.


The forecast total production for FY09 is 9 mmbbls. Temporary issues do not alter that forecast.

There should be a formal notice to the NZX re this changed estimate. Hamilton Hinden Green provided the most recent valuation at 218cps But assumed 0.7M barrels in 2009 financial year. From memory this was about the number included in DS's last presentation.

Here we have 1.125M barrels for NZO ex Tui in 2009. A mere USD42M net income higher - some may say NOT significant! But at prospective NZD/USD of sub .75 nearly NZD60M more than estimated. Sure it comes fwd from future years...

Tut Tut NZO, it is supposed to be continuous disclosure...and a forecast should always be best estimate between two numbers - a high and a low - or you will always be wrong.

Thanks anyway for keeping some of us informed!

[fish]

[QUOTE=Bilo;211689]There should be a formal notice to the NZX re this changed estimate. Hamilton Hinden Green provided the most recent valuation at 218cps But assumed 0.7M barrels in 2009 financial year. From memory this was about the number included in DS's last presentation.

nz sharebrokers consistently undervalue nzo by underestimating resources ,price oil and the fall in nz dollar-touching us 75 cents as i write-and tapis around 145.

As you point about Bilo there is a big difference -50% more in the amount of oil predicted in just the space of a month.

Add on MOMOHO, exchange rate fall and increase price oil and the HGG valuation would be around $3-as we have both have estimated several weeks ago

[777]

Business program on TV1 tomorrow morning at 6 am is to include NZOG segment.

[Chalice]

Business program on TV1 tomorrow morning at 6 am is to include NZOG segment.

Now we have a tea lady at TVNZ - thanks for the headsup 777!