NZ Oil & Gas (NZO)

[JBmurc]

JB,
I still see PPP as the play. It gives NZO 22.5 % of the Tui permit which is producing like no tomorrow. There are several good prospects around Tui and I do like Toke.
And PPP has a bit of other grunt as you are well aware.

And it would be so easy to do.

It would be easy but IMHO TAP would be well worth the extra effort maybe PPP first then TAP

-With TAP NZO would have some seriously prime southern hemi tenaments & production
to me PPP is mostly about easy Cashflow,and TAP being the ingredient to push NZO into NZX&ASX major oiler/energy stock which will gain market att. Fund buying etc

[bermuda]

It would be easy but IMHO TAP would be well worth the extra effort maybe PPP first then TAP

-With TAP NZO would have some seriously prime southern hemi tenaments & production
to me PPP is mostly about easy Cashflow,and TAP being the ingredient to push NZO into NZX&ASX major oiler/energy stock which will gain market att. Fund buying etc

JB, I know what you mean but let's keep things simple. Too many companies go and get horribly confused. This is the strength of NZO in Taranaki. The addition of PPP maximizes it .

They have so much experience here. Stay where you know what's going on.

[zorba]

.

Bermuda, agree with you PPP first, then the world next.

There is so much overlap with PPP already it would make real sense.

And a friendly merger should bring value to all parties.

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Price of oil -- where will it go tonight on the Nymex ??

http://futures.tradingcharts.com/intraday/CL_/98

Z

[bermuda]

.

Bermuda, agree with you PPP first, then the world next.

There is so much overlap with PPP already it would make real sense.

And a friendly merger should bring value to all parties.

------------------------------------------------------------------


Price of oil -- where will it go tonight on the Nymex ??

http://futures.tradingcharts.com/intraday/CL_/98

Z

The price of oil is trying to find its equilibrium. It is a fabulous contest between supply ( which is being hit by depletions) and Demand which is a variable ( and is now reducing due to pricing pressure )

Fascinating.

[JBmurc]

JB, I know what you mean but let's keep things simple. Too many companies go and get horribly confused. This is the strength of NZO in Taranaki. The addition of PPP maximizes it .

They have so much experience here. Stay where you know what's going on.

-Yeah certainly the safe option buyout PPP get more cash more of TUI stay in NZ where it's safe join the waiting list for a drill rig..........wait see what else is in Taranaki then after hopefully some decent discoverys move outside NZ by which time TAP,AWE etc could well be running the ruler over NZO if not sooner,hopefully NZO at this time has not been sold down on a string of dusters
Safe yes best use of current situation of TAP's low sp and NZO large cash balance time will tell .

[airedale]

Good idea JB, TAP reported after the market closed that they have a good report from the Simpson 10 well.
Some months ago a group of TAP shareholders were revving up the management with a view to mounting a takeover.

[the machine]

doubt if would be possible to buy tap oil without paying a huge premium for it as a lot of institutions hold [or have been caught holding]

many years ago we sold out of tap at about au$1.63 and bought nzo @ about 25c.

in between those years tap has gone nowhere really - sp still about the same after some costly drills in nz.

said it before and will say it again.

invest quite a few million in likes of awe & ppp would be very handy say $10m in each

revisit the investment in a year or 2.

maybe some of the other asx listed oilers as well, provided earning good money.

a few million santos shares before the cap is listed would be a powerfull statement.

otherwise nzo are boxing themselves into a corner where to invest the $ and in due course the ceo has to explain what the money is going to do.

M

[Rabbi]

otherwise nzo are boxing themselves into a corner where to invest the $ and in due course the ceo has to explain what the money is going to do.

Best to be very circumspect when buying into a Co.

Look at IFT's (and my) disastrous foray into APX at US$3.60 share in 2005, and you wouldn't say IFT was wet behind the ears when it came to investing in other CO's.

[Nitaa]

A bit of speculation with what nzo will do with their money. IMO the simplist rule for nzo is, would the aquisition bring value to nzo?

[Drone]

First up day for oil in a while, gains in US markets should see tapis head back to $136ish USD or $183 NZD a barrel so maybe a gross of about $900,000/day for NZOG from tui.

Also, I like the look of the re-designed website, a lot more modern

www.nzog.net