NZ Oil & Gas (NZO)

**JBmurc** · 13-03-2023, 05:41 PM

You only BUY NZO or CUE if you have nil interest in seeing any return for many many years and invest for the pure hope to be T/O for a few more peanuts that present price ... worse investment in the sector Vs assets and potential .. they simply don't seem to care for the SP or happy S/H's ,,, Mgmt just working for a wage to their master OGOG.. many of the board OGOG staff don't even take a wage at the likes of CUE...

And I think when you look at the great assets OGOG holds .. NZO/CUE is purely a minor forgotten asset ...You could say bit like a US billionaire with Queenstown property they sometimes use .. is just an asset stays empty 99% of time .. they could Airbnb out etc but its just such a minor interests they can't be bothered...

**SPC** · 13-03-2023, 08:28 PM

To be honest I wonder what the remaining staff at NZO do all day at work?.
What could they be working on .. maybe a bid on OMVs cast offs might require some desk time soon ?.
Maybe they're actually doing work on other OGOG projects off shore with the overheads covered by NZO?. Can't really be much happening on the ground locally now ?.
I would think it's more or less lights out at the office?. Am I wrong?. I hope I am.

**fish** · 14-03-2023, 07:11 AM

Originally Posted by SPC

To be honest I wonder what the remaining staff at NZO do all day at work?.
What could they be working on .. maybe a bid on OMVs cast offs might require some desk time soon ?.
Maybe they're actually doing work on other OGOG projects off shore with the overheads covered by NZO?. Can't really be much happening on the ground locally now ?.
I would think it's more or less lights out at the office?. Am I wrong?. I hope I am.

Lol
You need to read the 28th feb 1/2 yearly report and recent annoucements.
Revenue increased 14%_full year should be around $100 million .
Strong market,new contracts signed-both in nz and au .
New well for kupe
NZo are not working for ogog and the ogog directors have chosen not to receive directors fees.
I do know NZo are doing work for CUE and have even lent CUE $7 million after raising the money for them

**SPC** · 14-03-2023, 09:01 AM

Ok well you're definitely more connected to what's going on than me fish so I'll take it as read that it's a busy office. Cheers.

**JBmurc** · 14-03-2023, 10:32 AM

Originally Posted by fish

Lol
You need to read the 28th feb 1/2 yearly report and recent annoucements.
Revenue increased 14%_full year should be around $100 million .
Strong market,new contracts signed-both in nz and au .
New well for kupe
NZo are not working for ogog and the ogog directors have chosen not to receive directors fees.
I do know NZo are doing work for CUE and have even lent CUE $7 million after raising the money for them

NZO so very successive they had to do a CR some of which went to CUE ... and S/H's think these companies will pay Dividends LOL>>> need to understand reserves replacements + decommissioning costs of O&G projects ..

**Toddy** · 14-03-2023, 11:34 AM

Well I'm in now. 100,000 shares at what I think is a reasonable entry point.
I will report back in 12 months time with a mark to market.

I'm not investing in NZO as a dividend stock. I'm investing because I like the build up of free cashflows which allows management have a punt.

**Sideshow Bob** · 20-03-2023, 09:51 AM

https://www.nzx.com/announcements/408582

• New Zealand Oil & Gas and Triangle sign binding farm out agreement for L7 and EP437.
• All confirmatory due diligence complete.
• New Zealand Oil & Gas to pay A$1.9 million in back costs.
• Regulatory approval process to commence.
• Planning underway to secure drilling slots in 1H 2024.

New Zealand Oil & Gas Limited (NZO or the Company) is pleased to announce that it has executed a binding Farm Out Agreement (FOA) with Triangle Energy (Global) Ltd (Triangle) (ASX: TEG), to acquire a 25% participating interest in the L7 Production License (L7) and the EP 437 Exploration Permit (EP 437) (together, the Permits).