NZ Oil & Gas (NZO)

[Mr Tommy]

When nzog announces it will get into the north sea-now that will be interesting.
wells cost 30-40 million pounds, so nzog's 80 million kiwi isn't going far.

another hair brained scheme dreamed up by the company that has given its investors a big money pit called pike which will never fulfill its much hyped expectations.

Are you privy to some inside info Notie?

If a well costs 30m GBP, thats obviously 100%.
So a 10% share is only 3m GBP, about $6m NZD
And maybe with all the experience there, better than 1 in 10 odds ???

[Chris Roberts]

It's Notie so hardly worth responding to - but for the record, NZOG is not currently reviewing any North Sea opportunities.

[geezy]

can i LIKE Chris Robert's post?

[Lion]

can i LIKE Chris Robert's post?

Yeah, go on. I do.

[the machine]

today I bought all the shares traded on asx, 30,000 of the little suckers
swapped for 150,000 kas with spending money left over.

M

[notie]

Nice work nzog bailing out Pike to the tune of another 25 million. I guess the nzog investors are happy to see the war chest being used to prop up a failing coal mine.

This doesn't leave much to buy any other E&P assets.

going nowhere fast

[bung5]

PRC is just coming into production and this money is only lent untilt the end of the year earning 13% + 600k establishment fees .. a lot better than sitting in the bank at 4%.

[boysy]

if they actually can pay it back dependent on getting another facility from another lender before the due date.

[Mr Tommy]

Nice work nzog bailing out Pike to the tune of another 25 million. I guess the nzog investors are happy to see the war chest being used to prop up a failing coal mine.

This doesn't leave much to buy any other E&P assets.

going nowhere fast

So Notie, if you had $25m sitting in the bank, and could get 13% for the next 2.5 months, what would you do.

[dsurf]

if they actually can pay it back dependent on getting another facility from another lender before the due date.

Should not be a problem as long as there is a reasonable pile of coal stockpiled for collateral. Also NZO know this project is close to actually delivering reasonable amounts of coal so they can easily extend the deadline if needed.