NZ Oil & Gas (NZO)

[Rabbi]

you will recieve a cheque in the mail

or a bundle of cheap shares...

NZO has good cash flow with Kupe and Tui but the Taranaki Basin is is hard and expensive drilling. I went back over the drilling programme in the last ten years and was surprised at the number of duds they drilled.
I can't help thinking they might have been better making a takeover of an Aussie junior with a low SP but which had promising permits.
Taranaki Basin is very high risk and AWE has been completely hammered.
Then again next year might be the year.

[notie]

they are going to blow all their warchest in the North Sea.

[fabs]

Correction Notie; PIKE!

[Mr Tommy]

they are going to blow all their warchest in the North Sea.

Hey Notie, Chris Roberts has already replied to you on this....

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

[dsurf]

Hey Notie, Chris Roberts has already replied to you on this....

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

Notie - You seem to under the impression that NZO only has money going out? Kupe alone brings in cash (not profit) of about 70mill pa so they have approx 50mill (assuming head office at 20mill pa) to "blow" & the bank balance will stand still. If you want a conservative investment - try the property trusts or something else supposedly stable - TEL was prometed as a "monopoly with huge cash generating ability" for a long time & has succeeded in losing 75% of it's value so "blowing a cash hoard is all relative"

[fabs]

Have any NZO S/H woken up to what is happening with PRC yet ???

[friedegg]

Have any NZO S/H woken up to what is happening with PRC yet ???

no whats your logic?prc is a coal mine and nzo are into oil and gas

[fabs]

Not so much a case of my logic, more a question of where have you been for the last 12 months, to come up with a comment like that!
CHEERS

[Wilkins_Micawber]

no whats your logic?prc is a coal mine and nzo are into oil and gas

It's like this .. if you own a house and the house goes up in value then so does your net worth. Since NZO owns 30% of PRC, when PRCs value goes up then so does the value of NZO (to the tune of about 1 cent for every 3 cents PRC goes up).

[fabs]

Given that they prove to have a consistent div. policy established, resumed full production on Tui after 3 months of maintenance, also now established, or rapidly attaining top output in Kupe, free of dept, much enhanced oil price, a healthy war chest, possibly another div. cum. April and a general firming across the S/M, which all have
contributed to the increase in the present S/P, where is the supposed 1 in 3 cent increase from the not inconsiderable change of fortune of PRC come in, which rose from 85-90c to $ 1.23 in the same period ?