NZ Oil & Gas (NZO)

[fish]

Digger I will be going to the agm-my first ever .
I do not want nzo to sell prc .
Of course there will be a price that would be acceptable but I cant see anyone making such a high offer in the next 12 months .
Do you think a motion not to sell prc for at least 12 months wouldbe a good idea .?

[blockhead]

Tend to agree, if its up and running and turning a good $$$ it must be worth hanging onto, oil gas or coal, I don't really mind where the divies come from.

[Mr Tommy]

Do you think a motion not to sell prc for at least 12 months wouldbe a good idea .?

Fish, I think NOG are well on the way in planning to flick PRC within the next 18 months. They now have a contract to take 30% of production which Im sure they do not intend to take up themselves. So they can sell their shares off to the highest bidder who automatically gets access to that coal.


The coal contract option was issued as part of an agreement for the Group to participate in Pike's May 2010 equity issue and subscribe for a convertible bond facility. The contract grants the Group an option to purchase an amount of Pike coal for the life of the mine. The coal contract option is exercisable at any time until 31 March 2012. The coal option enables the Group to enter into an offtake agreement to purchase Pike coking coal at market prices that are agreed on an annual basis. The maximum volumes which may be purchased under the offtake agreement would be the currently uncontracted coal quantities until 31 March 2013 and up to 30% of annual coal production for the remaining life of mine.

[Beagle]

When I first started out in the Accounting profession in 1980 I stumbled across a note on one of the partners desks regarding a conversation he had with his stockbroker. it read NZOG strong buy at $1.40. Lesson, people can B.S. you all you like about growth this and expansion that, blah, blah, blah, I am sure we have all heard it countless times before from many companies, but paying out half your profit when it comes keeps Directors honest and keen. According to the Reserve Bank inflation calculator $1.40 in 1980 should be worth over $6 now.

Since 1980 I think they've paid four dividends.....I rest my case regarding the merits of dividends...

[bung5]

When I first started out in the Accounting profession in 1980 I stumbled across a note on one of the partners desks regarding a conversation he had with his stockbroker. it read NZOG strong buy at $1.40. Lesson, people can B.S. you all you like about growth this and expansion that, blah, blah, blah, I am sure we have all heard it countless times before from many companies, but paying out half your profit when it comes keeps Directors honest and keen. According to the Reserve Bank inflation calculator $1.40 in 1980 should be worth over $6 now.

Since 1980 I think they've paid four dividends.....I rest my case regarding the merits of dividends...

$1.40 and I'm sure there were not 389,092,572 shares on issue....

[remy]

craigs latest report on NZO out today..

"NZO has three key assets and NZ$80m of net cash. We view the Tui oil field and Kupe oil and gas
field as attractive plays on a positive oil price expectation. We value the 31% stake in PRC as a
key coking coal asset with meaningful upside potential. We believe the company is trading at a
20% discount to "NAV" which ascribes no value to its exploration capability. We set a target price
of NZ$1.48 and initiate with a BUY."

[Chris Roberts]

When I first started out in the Accounting profession in 1980 I stumbled across a note on one of the partners desks regarding a conversation he had with his stockbroker. it read NZOG strong buy at $1.40. Lesson, people can B.S. you all you like about growth this and expansion that, blah, blah, blah, I am sure we have all heard it countless times before from many companies, but paying out half your profit when it comes keeps Directors honest and keen. According to the Reserve Bank inflation calculator $1.40 in 1980 should be worth over $6 now.

Since 1980 I think they've paid four dividends.....I rest my case regarding the merits of dividends...

NZOG didn't exist in 1980. It issued 40 million 50 cent shares in August 1981 (nominal market cap $20m).
In 2000, NZOG had a market cap of approx $40m (135m shares, share price 30c).
2005 approx $180m (200m, 90c each).
2007 approx $280m (255m, $1.10 each).
Today approx $465m (390m, $1.20 each).
The 5c dividend to be paid 1 October will make it 20c in dividends since April 2008.

[J R Ewing]

NZOG didn't exist in 1980. It issued 40 million 50 cent shares in August 1981 (nominal market cap $20m).
In 2000, NZOG had a market cap of approx $40m (135m shares, share price 30c).
2005 approx $180m (200m, 90c each).
2007 approx $280m (255m, $1.10 each).
Today approx $465m (390m, $1.20 each).
The 5c dividend to be paid 1 October will make it 20c in dividends since April 2008.

The return is not so flash if you got on board through converting OD's @ $1.50 though...

[Believer]

The 5c dividend to be paid 1 October will make it 20c in dividends since April 2008.

You are "wrong" Mr Chris Roberts.

[Bixbite]

[QUOTE=Chris Roberts;317181
The 5c dividend to be paid 1 October will make it 20c in dividends since April 2008.[/QUOTE]

You are "wrong" Mr Chris Roberts.

Edit: Yes, you are "right" "since April 2008:.