NZ Oil & Gas (NZO)

[Hoop]

NZO needs to issue some more rights. We need some trading action. Getting dull and boring at the moment.

Shhhhh..777 ....its quietly going in the right direction...don't wake it up

Methinks its time to put the "please do not disturb" sign out.

[manxman]

We need some trading action. Getting dull and boring at the moment.

Before Christmas ENSCO107 will be boring, and Kan Tan IV will be boring all summer. Lie back and enjoy.

[Mr Tommy]

Just read the Kan Tan IV is still drilling the first well for Origin over in Oz, called Trefoil-2. As of yesterday its at 2500 of planned 3200m. They then have to drill Rockhopper-1.
So we might be looking at the new year before the rig is here and we see any action on Hoki.
Hopefully Albacore will be completed before year end.

[shasta]

Oh dear...

NZO losses another $17m in FX losses (revenue for the 1/4 was just $20m)

I see $50m received in borrowings too?

Cashflow report

http://www.stocknessmonster.com/news...E=ASX&N=326811

Activities Report

http://www.stocknessmonster.com/news...E=ASX&N=326813

[Sehnsucht888]

In the shareholder report, there is a page showing Taranaki assets and prospects.

PEP 38483 (Aihe and Bahamas) NZOG Interest 18.9%
New 2D seismic was shot over part of this permit in late 2008. This has been processed and is being evaluated. The permit contains the Aihe prospect and a newly identified biogenic gas prospect, which has been named Bahamas. Assessment is ongoing. The permit conditions require a decision on drilling an exploration well to be made by
December 2009.

There is a huge blob in AIHE & Bahamas - I guess the newly identified biogenic gas prospect. What does this actually mean? Its twice the size of all the rest combined.
Seems this is quite a pressing item, as don't they need to decide if they are going to drill this year or not, otherwise loose it (decision only this year - not the drill). And barely a mention at the AGM....

[777]

Did any thing major arise from the AGM?. Even a report on the quality/quantity of the sausage rolls would suffice.

[QOH]

Did any thing major arise from the AGM?. Even a report on the quality/quantity of the sausage rolls would suffice.

Yes did you get another little bottle of oil this year? I tossed a coin to decide between playing golf and going to the AGM.

[777]

Yes did you get another little bottle of oil this year? I tossed a coin to decide between playing golf and going to the AGM.

You must have tee'd off early if you are back now.

[QOH]

You must have tee'd off early if you are back now.

I'm only a 9 holer, not a real golfer. 9am tee off.

[Corporate]

Oh dear...

NZO losses another $17m in FX losses (revenue for the 1/4 was just $20m)

Ouch! Not a very good looking cashflow report for the quarter.