Read the NZX announcements. It's been available for a while.
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It probably has less to do with Kakapo and more to do with NZO's enthusiasm over prspects. We've seen the Kakapo story several times before (Mangatoa and Ray prospects to name just two). Recall Mangatoa - it was touted as a huge 'overlooked' gas field that was also dropped after exhaustive efforts failed to find farm-in partners. I just hope Kakapo won't turn into another Maari (recall the Maari deposit was discovered and dropped by Petro-Taranaki to be picked up later as a bonanza for other companies).
They also passed on Goldie and Cheal. I think Greymouth ended up with Goldie, and Tag got Cheal. But the only people who "touted" Mangatoa were the media and headline writers. Sure, NZO promoted it, but they always said it was a very tight formation, and was going to difficult/expensive to commercialise. In the end they decided, sensibly, not to pursue it.
Unbalanced, why don't you get a life and let us getr on with managing our profitable investments.
http://www.sharetrader.co.nz/showthr...-(GPG)/page219
Eat your nogging heart out :D
http://www.sharetrader.co.nz/showthr...-(GPG)/page218
Belgarion just about picked the bottom and upswing bang on from 5 June - sp was 43 cents, now 54 cents = 25.5% gain. :D
During that time, NZOG has gone? :D