NZ Oil & Gas (NZO)

[notie]

chances are it will be a duster. 1/10 odds that it will be a find.

[fish]

chances are it will be a duster. 1/10 odds that it will be a find.

Agree . NZO has only a small amount invested in this .

What we are waiting for is the near Tui development drills that immediately follow. Chances are they will hit the sweet oil

[biker]

Agree . NZO has only a small amount invested in this .

What we are waiting for is the near Tui development drills that immediately follow. Chances are they will hit the sweet oil

Maybe it's time for some interest in PPP again. If Hoki comes in then PPP should rise with the tide. If Hoki is dry, then PPP still has upside, with Tui drills imminent.

Disc. hold and buying more.

[Mr Tommy]

Agree . NZO has only a small amount invested in this .

What we are waiting for is the near Tui development drills that immediately follow. Chances are they will hit the sweet oil

Not exactly Fish, NZO has quite a large amount invested ....

NZOG bought a 10 per cent stake in Hoki this month from oil company OMV. Hoki is about 150km off New Plymouth.
NZOG is spending about $10m for its stake in Hoki and share of exploration well costs.


http://www.stuff.co.nz/business/indu...ould-equal-Tui

[Mr Tommy]

chances are it will be a duster. 1/10 odds that it will be a find.

I cant understand the point of your comment. You complain when NZO arent doing anything, now that they are drilling you want to put a downer on it ?

[fish]

Not exactly Fish, NZO has quite a large amount invested ....

NZOG bought a 10 per cent stake in Hoki this month from oil company OMV. Hoki is about 150km off New Plymouth.
NZOG is spending about $10m for its stake in Hoki and share of exploration well costs.


http://www.stuff.co.nz/business/indu...ould-equal-Tui

Small though relative to other investments they have and small relative to the sp-about 2.5 cents a share-so if it turns out to be a duster expect about a 2.5 cent drop in sp

[foolme]

I cant understand the point of your comment. You complain when NZO arent doing anything, now that they are drilling you want to put a downer on it ?

You have to ask yourself what is their interest in NZO.????

[Mr Tommy]

NZO
12/04/2010
MINE

REL: 1209 HRS New Zealand Oil and Gas Limited

MINE: NZO: Hoki Exploration Well Disclosure Notice

NZOG (New Zealand Oil & Gas Ltd) advises of a progress report on drilling of
the Hoki-1 exploration well.

The Kan Tan IV drilling rig resumed operations last week, having previously
drilled to 1,505 metres and set casing. At 0600 hours (NZ Time) today, the
well was at a measured depth of 2,132 metres and was drilling ahead.

[swissboy]

That equates to 104.5 Meters per day which would seem by comparing previous reports a little slow.
Hard rock??? Wishful !!!

[neopoleII]

exactly my thoughts too,
a slow drill could be hard material to get though, which could mean a solid roof to trap the oil.