NZ Oil & Gas (NZO)

[Sideshow Bob]

Nz oil and gas to delist from nzx....

"Is PLEASED to announce its intention to delist from the main board of the NZX Ltd......."

https://api.nzx.com/public/announcem...452-418980.pdf

[Toddy]

Brilliant.

Bye bye NZ.

[Sideshow Bob]

So, a name change must be next??

If it didn't have NZ in the name, it might garner a bit more ASX interest??

[Toddy]

So, a name change must be next??

If it didn't have NZ in the name, it might garner a bit more ASX interest??

Yes, I would say that will be on the cards.

The Australian CUE investors often complain that they cannot buy into NZO on the ASX as there is no liquidity.
With the TEG drill next month we should see some activity on the ASX.

Delist date is June 24. Ie only one month. Moving fast.

[mike2020]

Any chance they merge the two?

[Toddy]

Any chance they merge the two?

It's hard to say what their long term plans are. A successful drill in the Perth Basin would be agame changer.

They have CUE ticking along with decent cashflows. And the fact that CUE was shut out of the recent Mereenie deal sends a signal that they see CUE as the Indo arm.

[Lego_Man]

Another one bites the dust

[mistaTea]

Another one bites the dust

I can't believe Andy gets paid over a mil a year to run this (piece of sh1t) company.

5% of the Profit goes to Andy. For what?

[Toddy]

I can't believe Andy gets paid over a mil a year to run this (piece of sh1t) company.

5% of the Profit goes to Andy. For what?

Are you saying that you disagree with the delisting?

I think it's great news.

[mistaTea]

Are you saying that you disagree with the delisting?

I think it's great news.

Not saying that at all.

If anything, referencing the failure at Kupe.

I think for years now…pretty much since we sold down our share of Kupe… there has been a massive transfer of wealth from NZO shareholders to Andy.

He is massively overpaid for what he does.