NZ Oil & Gas (NZO)

[airedale]

<a href="http://www.findata.co.nz/Markets/StockQuote/NZX/NZO.htm">
<img src="http://chart.findata.co.nz/?e=NZX&s=...=500&vol=1&v=0" style="border:0px solid black; width:560px; height:500px" />
</a>

Just trying my hand at posting charts

[Dr_Who]

Looks like NZO and PRC could test new lows.

[boysy]

why lower oil prices are good in the short term from the horses mouth


The international oil price has fallen rapidly from the record highs seen mid-year, but
David Salisbury says this is actually opening up opportunities for NZOG.


“Those who hold worthwhile assets but are over extended, reliant on debt or equity
funding, or in some other way needing assistance to complete their projects, are finding
it tough. Price expectations are lowering and industry consolidation is starting to
happen and is likely to gather pace. It is a time of opportunity to create greater wealth
for shareholders and we are looking to use our strong position to secure attractive new
ventures,” David Salisbury said.

[Rabbi]

It is a time of opportunity to create greater wealth
for shareholders and we are looking to use our strong position to secure attractive new
ventures,” David Salisbury said.[/quote]

....and they are being very circumspect
One can't accuse them of spending money willy-nilly.

[Crypto Crude]

mackdunk,
we are not poor dumb clucks...
...
Im rather infuriated that you would continue to say such words...
...
In future can you address the posters you are referring to because you are confusing us by grouping us all together....
some posters are rather astute, and its unfair to post like that...
..... if there is something you want me to explain, then im happy to pull a rabbit out of my hat just for you....

.^sc

[fabs]

China Offering Brazil 10 Bil. To Help Develop The Recently Discovered Deep Water Oil Field Containing 50 70 Bil. Boo.
Also Brazil Is Ready To Tap Into Its 207 Bil. Foreign Reserves For Exploration If Needed. One Has To Wonder If They Can Do It Economicaly If The Price Is $40.00 Let Alone $ 25.00
Trust The Chinese Optimismus.
Cheers
Albert

[bermuda]

China Offering Brazil 10 Bil. To Help Develop The Recently Discovered Deep Water Oil Field Containing 50 70 Bil. Boo.
Also Brazil Is Ready To Tap Into Its 207 Bil. Foreign Reserves For Exploration If Needed. One Has To Wonder If They Can Do It Economicaly If The Price Is $40.00 Let Alone $ 25.00
Trust The Chinese Optimismus.
Cheers
Albert

Fabs,
This is today's price. The Chinese are Master Planners and know that these wells have to be drilled if the world wants to improve it's GDP. A couple of years ago, way before the rapid rise to $147/bbl, the Chinese were out securing long term oil contracts with options up to $200/bbl.

[duncan macgregor]

mackdunk,
we are not poor dumb clucks...
...
Im rather infuriated that you would continue to say such words...
...
In future can you address the posters you are referring to because you are confusing us by grouping us all together....
some posters are rather astute, and its unfair to post like that...
..... if there is something you want me to explain, then im happy to pull a rabbit out of my hat just for you....

.^sc

SHREWDY, Its alright to rave on about a company or a market in a steep uptrend, but dont dare come out and warn people about risky investment styles or a market about to crash. People get so wrapped up falling in love with a company or a sector in the market that they blind themselves to reality. I make no appology for warning them or by calling them dumb clucks. I have been consistent in my warnings to you, and others all year so judge me on my record.
To give your profits back in a falling market turning it into a dead loss bleating on about being a long time investor to me represents a dumb cluck. You work it out your self, are you one of them or not or have you learned enough to know the market is a place of manipulation to be treated as such. Your old mate Macdunk

[Dr_Who]

Oil stocks are surprisingly weak in Aussie with STO -2.1% and WPL -2.4%.

[Sideshow Bob]

I see we've got the week off.......

http://www.nzog.net/tui

1 July - 7 December: Approx 5.0 million barrels. NZOG's share of production approximately 630,000 barrels.

A planned one week shutdown of the Tui FPSO Umuroa for routine maintenance and inspection commenced on 7 December. This has required the first complete shutdown of production. The Umuroa has operated continuously with oil produced since start up around 500 days ago, with over 19 million barrels of oil produced and delivered to market. Production remains on target for 9 million barrels in the financial year to the end of June 2009.