NZ Oil & Gas (NZO)

**the machine** · 13-03-2008, 01:06 AM

tui now less than 10 days to reach the 10m barrels as nzo today showed approx 9.6m barrels produced as at march 12.

production average since jan 1st has dropped to approx 45,000/day , so that means they producing in low 40's now

the milestone likely to be reached during Thursday March 10 and if the consortium want to gain maximum PR out of this then they need to make the announcement during trading on the Thursday [do nzx / asx close early that day?]
otherwise it will not have same effect if left until after easter

nzo awe & ppp could all do with some positive news.

M

**zorba** · 13-03-2008, 08:58 AM

.
Oil breaks past US$110 a barrel ....... what will it close at today !!!! ????

http://futures.tradingcharts.com/intraday/CL_/48
.
.

**trackers** · 13-03-2008, 09:49 AM

New drilling report out... Nothing overly special:

Dear Subscriber,

NZOG has released this week's Kupe Drilling Report. KS-6 has reached its planned total depth and KS-8 will shortly enter the target reservoir.

KUPE DEVELOPMENT WELLS DISCLOSURE NOTICE
New Zealand Oil & Gas Ltd (NZOG) advises that at 14:00 hours on 12 March, the 8-1/2 inch
drilling assembly was being run in to drill out the 9-5/8 inch casing shoe-track on Kupe South 8
(KS-8).
Over the last week, drilling of the 8-1/2 inch section of the Kupe South 6 (KS-6) well reached
the planned total depth of 3,385m MDRT (measured depth from rotary table); reservoir
evaluation logs were completed; the 5 inch liner set and cemented; and the well suspended.

**COLIN** · 13-03-2008, 10:35 AM

Good to know, though, that one hole has reached its final depth - apparently without any broken bits or whatever gumming up the hole!

**the machine** · 13-03-2008, 10:55 AM

Originally Posted by trackers

New drilling report out... Nothing overly special:

What is missing is any flow test information after completion of the wireline logs.
nzo have missed this opportunity to spur on their sp!

On the positive side by jumping to KS-8 brings forward the good or bad news, as this is a semi semi wildcat, a positive gas flow can substantially increase the resource
[as commented on in recent broker report]

M

**Noodle** · 13-03-2008, 11:49 AM

NZO
13/03/2008
DIVIDEND

REL: 1119 HRS New Zealand Oil and Gas Limited

DIVIDEND: NZO: Appendix 7 - Dividend Payment

Please find attached an Appendix 7 Notice of Event relating to the dividend
payment to holders of ordinary shares in New Zealand Oil & Gas Limited on 15
April 2008. The dividend will be fully imputed.

ISIN: NZNOGE0001S6
Dividend amount: 0.05
Currency: NZD
Total monies: 13,110,303
Record date: 04/04/2008
Application Date: 15/04/2008

**Noodle** · 13-03-2008, 11:53 AM

Finally shareholders will get a little something for their patients!
Thought perhaps we may see a wee rise in share price with this announcement.
Perhaps I have just dreamt that I read an email about a dividend?....

**trackers** · 13-03-2008, 01:07 PM

In the last couple of weeks we've seen oil prices move such that NZO is now receiving ~10% more for its oil, all of which I suspect will be going to the bottom line....

Petrol at record high after oil hits US$110

Is the petrol price hurting you?

Send us Your Views

Motorists are now paying more for petrol than ever before with a three cent a litre rise overnight.
Shell, BP and Caltex lifted their prices at the pump overnight. That move takes the price in the main centres to $1.78 a litre for 91 and $1.83 for 95.
AA spokesman Mark Stockdale said that is a cent above the previous record high in July and August 2006 and is concerning given it has come at a time when the New Zealand dollar is quite strong at 80 cents against the US.
Mr Stockdale said while the currency is cushioning New Zealand somewhat from the shock of rises in the price of crude, he is worried about what might happen if the kiwi falls.
One company going against the trend is Gull, who are discounting the price of fuel in a promotional venture by five cents a litre from 7am today until 9am tomorrow.
The company says the move is to celebrate the last test match between England and the Black Caps in Wellington today.
On world markets, oil pierced US$110 a barrel this morning (NZ time), marking the sixth straight day of record highs, as the dollar sank to new lows and outweighed large increases in US crude inventories.

Investors have raced into commodities over the past month to hedge against inflation and the slumping dollar, sending oil to fresh peaks despite concerns about the economic health of top oil consumer the United States and rising fuel stocks.
US crude CLc1 settled up US$1.17 at US$109.92 after racing to an all-time high of US$110.20 earlier. London Brent LCOc1 gained US$1.02 to settle at US$106.27 a barrel, off a record US$106.41 hit earlier in the day.
US consumers already face record petrol prices at the pump due to soaring crude costs for refiners, prompting forecasts for petrol above $4 a gallon in some regions as the summer driving season approaches.
- NEWSTALK ZB, REUTERS

http://www.nzherald.co.nz/section/3/...ectid=10497918

bk · 13-03-2008, 03:13 PM

I would love to see what the future brings - today I'm posting on page 199 of 210 pages it seems. Page 210 - a month or two in the future perhaps? Oil at $120 by then, Kupe found some more gas?