NZ Oil & Gas (NZO)

[Crypto Crude]

Bermuda-Nexus. Had a crack at the North Sea. An experienced and enterprising Aussie oiler. Would love NZO to go into the North Sea with Nexus. Some big pockets left....after Romania.

I dont know whats so exciting about the North Sea?
Kind oF reminds me oF GOM, onshore US where oilers are taking 2nds, thirds, picking over permits......
I read that NS production costs are $30US per barrel... and Production is in decline by around 10% per year...
not a great region...

I agree with what you said in a previous post where NZO should remain Focused in the Taranaki basin...

IF we want oilers who have interests in regions such as the North Sea, then we can invest in them...
For NZO to stay predominately in Taranaki gives us the best opportunity to continue being rewarded with leverage without dilution oF investment in other regions ...
Taranaki has made this company what it is today... why change From that...?

.^sc

[zorba]

Oil prices moving up nicely along with more positive global stock market sentiment.

Tapis hit US$56 / barrel around midight NZ time.

Check here for latest US$ numbers for a range of benchmark oil prices:

http://www.upstreamonline.com/market...id=markets_oil

Hopefully Bollard will cut the OCR again and keep the Kiwi exchange rate in the mid 50s .....

.

[Xerof]

there might be a Cobra lurking in the North Sea, looking for a home......
and probably velly cheep price too

[boysy]

Any one else notice that the "typical day production" figure has been removed from nzog website. Rather wierd taking it off after being on the website for such a short time.

[the machine]

still no specidic mention of romania

http://www.asx.com.au/asx/statistics...idsId=00942138

[Billy Boy]

A very good educationial read for those who are still learning the
oil industry and how it works.
Enjoy
http://www.beachpetroleum.com.au/IRM...entations.html
Go to the March Presentation

BB

[fish]

Any one else notice that the "typical day production" figure has been removed from nzog website. Rather wierd taking it off after being on the website for such a short time.

Still it was nice seeing production is still going well and oil price is looking good .
Hopefully we will have fortuitous timing with kupe as we did for peak production with Tui .

Kupes hydrocarbon reserves should be much bigger than TUI-and this time nzo has a 15% stake.

If you want to know ,for instance, current production figures just e mail Chris Roberts .

Looks to me that by the 3rd quarter of this year with Tui Kupe and PRC in production we could see profitability treble .

NZO must have accumulated a large amount of tax credits which would be nice attached to the annual dividend

[Nitaa]

Has been a little quiet of late. No more action in aquiring PPP. Personally not sure what to make of it.

PRC still concerns me especially since the Indian co's dont want to take up their rights.

[the machine]

Has been a little quiet of late. No more action in aquiring PPP. Personally not sure what to make of it.

PRC still concerns me especially since the Indian co's dont want to take up their rights.

very quiet in what might be a dead cat bounce market

expect the quarterly will detail awe are doing a study of tui to upgrade the reserves
[being an annual update due by june 30]

more news on timeframe for rig to be shipped from caribbean [take about 5 - 6 weeks through panama canal]

as regards ppp it seems very dead for a while [so dead we sold 100,000 ppp recently]
nzo will wait until prc rights issue bedded down so they will know what impact on nzo cash position. further as previously posted, any more play for ppp will involve script and nzo sp is dead in the water, thus timing is not right - perhaps 3rd quarter on back of drilling schedule, updated tui reserves, kupe at the starting gate, nzo dividend etc.

the romania play should be clarified once signed.

m


apparently rig has been enroute to aust/nz since about march 17, so should be more than halfway now.

M

[digger]

Has been a little quiet of late. No more action in aquiring PPP. Personally not sure what to make of it.

PRC still concerns me especially since the Indian co's dont want to take up their rights.

Nita,unless you know the situation with the Indian companies it is a bit of a jump to say they do not want to take up their rights. With this depression it is more likely they want to but home finance prohibs it.