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14-02-2024, 08:36 AM
#17771
http://nzx-prod-s7fsd7f98s.s3-websit...122/412477.pdf
NEW ZEALAND OIL & GAS BUYS MORE OF THE MEREENIE GAS FIELD
Highlights
• Conditional acquisition of a further 25% interest in the Mereenie gas field, AmadeusBasin, NT, Australia
• Doubles Mereenie 2P Total reserves and increases NZO's net 2P Total Reserves by 41%
• Upfront payment of A$42.5m, to be adjusted for revenues and costs from 1 April 2023,and further contingent payments of up to A$9m
• 100% vendor debt facility of up to A$63m covers all purchase and transaction costs,with additional availability to fund development activity
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14-02-2024, 09:01 AM
#17772
Originally Posted by Sideshow Bob
http://nzx-prod-s7fsd7f98s.s3-websit...122/412477.pdf
NEW ZEALAND OIL & GAS BUYS MORE OF THE MEREENIE GAS FIELD
Highlights
• Conditional acquisition of a further 25% interest in the Mereenie gas field, AmadeusBasin, NT, Australia
• Doubles Mereenie 2P Total reserves and increases NZO's net 2P Total Reserves by 41%
• Upfront payment of A$42.5m, to be adjusted for revenues and costs from 1 April 2023,and further contingent payments of up to A$9m
• 100% vendor debt facility of up to A$63m covers all purchase and transaction costs,with additional availability to fund development activity
This is a big deal. 100 percent financing which shows you the current strength of the portfolio.
Well done.
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14-02-2024, 01:12 PM
#17773
Someone still desperately selling. Good opportunity to get in at these levels.
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14-02-2024, 01:36 PM
#17774
Net production receipts for the last quarter for Amadeus Basin was $7.3m AUD for NZO, including Cue's share. It includes Dingo and Palm Valley but must be at least 85% of revenue from Mereenie.
Might take their net production receipts to around $12.5m AUD per quarter.
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14-02-2024, 01:55 PM
#17775
Originally Posted by Toddy
Someone still desperately selling. Good opportunity to get in at these levels.
Please remember the wise counsel of Phaedrus, more than a decade ago.
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14-02-2024, 02:10 PM
#17776
Originally Posted by Sideshow Bob
Net production receipts for the last quarter for Amadeus Basin was $7.3m AUD for NZO, including Cue's share. It includes Dingo and Palm Valley but must be at least 85% of revenue from Mereenie.
Might take their net production receipts to around $12.5m AUD per quarter.
The numbers all look good. And budding up with Horizon all goes well for the future.
I've been in this stock roughly a year now. Average buy in price 38.5 cents.
Every single market discosure over that period have all been progressive apart from one dud well in Indo.
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14-02-2024, 02:13 PM
#17777
Originally Posted by mistaTea
When investing you pick a strategy and stick to it. My strategy is based on strong balance sheets and cashflows and I always have a solid 'stop loss' limit in place.
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14-02-2024, 08:32 PM
#17778
Originally Posted by Toddy
The numbers all look good. And budding up with Horizon all goes well for the future.
I've been in this stock roughly a year now. Average buy in price 38.5 cents.
Every single market discosure over that period have all been progressive apart from one dud well in Indo.
35pj extra of gas has a value of around au$ 500,000,000 at todays prices and yesterdays announcement of a large volume contract,inflation adjusted complements .
do your numbers agree Toddy
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15-02-2024, 11:31 AM
#17779
Maybe a stupid question but why finance when the cash is currently on hand?
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15-02-2024, 11:33 AM
#17780
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