NZ Oil & Gas (NZO)

**Mingeathinaikos** · 14-10-2009, 01:46 AM

Originally Posted by fabs

Why the panic? Smoke and mirrors stuff.
They lost something they never had.

No panic - just removing the premium that was associated or directly due to the 'something they never had'....???

**zorba** · 14-10-2009, 08:48 AM

Oil price looking robust ...... should support NZOG's share price today !!

http://futures.tradingcharts.com/intraday/CL_X9

**friedegg** · 14-10-2009, 12:23 PM

pounce nzo cause nobody in the ppp share register trust thier management anymore and they may sell easily

**sideline** · 14-10-2009, 01:49 PM

Originally Posted by friedegg

pounce nzo cause nobody in the ppp share register trust thier management anymore and they may sell easily

Well, according to some recent research report PPP are the most overpriced stock (by to oil reserves)
and that statement is probably still true now after the considerable fall. The shares NZO picked up in the
20 to low 30c range were a bargain, but I do not think acquiring more at the current price would be prudent
use of its cash reserves. Pity they didn't sell some at the top.

**the machine** · 14-10-2009, 11:53 PM

see genesis keeping kupe but sold all other non core assets -wonder if this was the large aquisition nzo missed out on.

M

**Snapper** · 16-10-2009, 12:16 PM

Originally Posted by digger

This underlines my biggest concern. Mr Grogan has not shared at AGM's or in public forums[by his own admition in email] his interest in NZO over the years. Now his biggest problem will be to get us all past his seemly interest in NZO cash pile. His two referees are a Investment Manager and a Head of Fixed Interest. Money managers that would just love to control the show if somehow they could just get in a position to call the shots.
NZO and all NZO holders will just have to get used to the fact that you never hear from some sectors of the population when company finances are at rock bottom but they suddenly turn up when the cash piles up a little.
Guess you all know how i will be voting.

Is this the same Mr Grogan who also put his hand up (but didn't get elected) for the Farming Systems Uruguay board?

**Nitaa** · 16-10-2009, 12:36 PM

Originally Posted by Snapper

Is this the same Mr Grogan who also put his hand up (but didn't get elected) for the Farming Systems Uruguay board?

Yes he is. He will also use the same spin saying how nzo destroyed shareholder wealth by not buying PPP and hedging the currency. He will also fail to get elected.