Originally Posted by
zorba
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I have no idea why posters who hate NZO and dont have shares in the company keep on coming back to this thread.
These bastions of investor and trader virtue seem to be impregnated with some sort of moral outrage because the exploration drills dont allways find the black stuff -- and the share price drops or goes sideways.
As was noted in earlier posts the share price under a dollar was a steel because it gave you more or less risk free exposure to three significant exploration holes, what a steel.
And as for complaints about the senior management, by which people usually mean TR, well get a life, compared to other similar sized Australasian oil companies with assets and development efforts that are ongoing, well show us that he is overpaid !!
Maybe TR does not have the kind of persona to woo the brokers, yes those same brokers who would of course grovel and grovel and grovel again at the feet of the likes of Bob Jones and Ron Brierley, two high profile BS artists whose paper shuffling and big talk lost kiwis billions of dollars.
What ever your view you have to acknowledge that TR is tenacious and that he and the NZO team have stuck to their knitting and that they have built the only successful New Zealand oil exploration and production company of any size and longevity !!
Of course there are still risks attached to NZOG with respect to getting cash flows from Pike and Kupe, but by now Tui capital is repaid and the Tui project is delivering in spades.
Pike and Kupe have excellent potential and with care, dilligence and effort, these projects are set to deliver over at least the next two decades.
Off course if Ron Brierly and his skollies had had their way when they tried to shaft TR (I well remember the events some 14 or 15 years ago), NZOG would have been taken over, dismembered and sold off.
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