NZ Oil & Gas (NZO)

[boysy]

Great article in NZ herald about NZOG and in particular the TUI field a shame they stuffed up some of the figures though

titled - Fun starts at Tui as oil nears record
http://www.nzherald.co.nz/section/3/...ectid=10473984

[Lion]

Great article in NZ herald about NZOG and in particular the TUI field a shame they stuffed up some of the figures though

Yeah, oil down to a dollar a barrel it says

[boysy]

well hey if that aint ammunition for a specialist energy reporter in NZ lol But hey good to see they are getting information bout TUI out there

[Dr_Who]

well hey if that aint ammunition for a specialist energy reporter in NZ lol But hey good to see they are getting information bout TUI out there

NZ market is way too small for a analyst. Most of the larger broking firms use their energy analyst from Aussie to do the analysis. NZO is too small for them to bother with.

[Mr Tommy]

Article in todays dominion, says AWE is paying $40,000 for the oil spill cleanup, but they still havnt confirmed where it came from.

[arjay]

According to the article on Stuff, the Umuroa is also a drilling rig. Wonder why the Co. didn't tell us that - talk about lack of transparency

[digger]

Info is finally getting to the general public about nZO. The other day i was told that the TUI oil field existed and was producing so as to registra on our trade account. My first thought was hey your telling me. Fortunally before i spoke i realised that this knowledge in the general arena is exactally what we have all been waiting for.This is the first i have heard about TUI from other than an oiler. So it is starting to be known.

[Nitaa]

Have i missed something? The news that oil tar balls were on a stretch of coastline somewhere in taranaki make investors ask questions. this information came our before the AGM. Was there anyone at the meeting raising the issue with NZO? If so i take it that it was a very small issue. If it wasnt raised then i would have to question the ones who went as to why it wasnt asked. There would have been an incident report detailing what exactly happened or what AWE thinks happened. This in turn should have been reported immediately to the JV partners.

Im looking forward to someone who knows something.

[Balance]

Oil leak from the platform? No big deal really. Tui is pumping out millions so a few hundred thousands here and there means bugger all.

Different if the oil is leaking straight out of the well into the sea though. Then we are looking at disaster! Tui gets shut down, millions of fines are imposed and clean up costs run to hundreds of millions. Shudder ....shudder!

[boysy]

Balance a probable cause has come to light but while you are thinking worse case scenario i will think best case scenario. A likely reserve upgrade ,facts about water cut being lower than expected, oil prices being far higher than were predicted and thus quarterly report showing just a tad more revenue than expected . Ive got no technical knoledge what so ever but im guessing they would know if oil was in fact leaking out of wells and it would be rather hard to try and keep that level of pollution underwraps .