NZ Oil & Gas (NZO)

[the machine]

expect momoho update first thing tomorrow, after cementing casing and drilling or coring ahead.

all those little hydrocarbons turning into lots of $

bring it on

M

[777]

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

I'm not the tea lady. Just saw the trailer on the box tonight.

[Chalice]

I'm not the tea lady. Just saw the trailer on the box tonight.

Thanks anyway - missed it!

[BigBob]

Nothing new really...

Apart from maybe "we are expecting around 1m bbls from TUI in this financial year".... but even that's not really new....

http://tvnz.co.nz/view/video_popup_windows_skin/1899118

[Drone]

US markets getting smashed late in the session, s&p down 2.3%, oil steeadyish though. Could be an interesting session locally.

You've got to say it looks like iran/israel are headed for war, both side's rhetoric leave them with only two option, a humiliating back down or escalation. Both leaders are weak domestically so backing down may not really be an option.

[da puntzda]

Still feels like there is an element of option profit taking going on - and the sp is trading in a very tight range around $1.70

[digger]

Still feels like there is an element of option profit taking going on - and the sp is trading in a very tight range around $1.70

That is about right and will continue into August. Same old story happens every time.Takes a month to 6 weeks to shake off a cash raising of this size and especially in such a frightened market that we are now in.

[Chris Roberts]

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!

Bilo, there WAS a disclosure of the 9 million barrel forecast for FY09. It was in our statement to the sharemarket on 20 June.
If people on this thread want to keep up with what NZOG is saying, they should spend more time on our website and on the NZX website. We will always disclose to the market first.

[clips]

very good comment Mr Roberts.......

[Bilo]

Bilo, there WAS a disclosure of the 9 million barrel forecast for FY09. It was in our statement to the sharemarket on 20 June.
If people on this thread want to keep up with what NZOG is saying, they should spend more time on our website and on the NZX website. We will always disclose to the market first.

Sorry Chris
I missed that one.