Is anyone able to translate this? What is "high treatment pressures"?
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shouldn't be any SP movement. expectations are always for a dry hole, thats what the stats say.
As it appears another one hits the dust, S/P price probably will not suffer much as fortuitously THAT report is followed by the announcement of some imminent return to S/H.
To some S/H it maybe only be a late repayment of money given to the co. long ago.
So no serious questionings at the AGM to stress the real [ beneficiaries ] after all they work hard FOR US all year.
Balance - see they did step up and did the right things after Pike
So that's it ...once and for all
See they also spending heaps more on exploration
http://www.nzherald.co.nz/business/n...ectid=11115009
News flash
New Zealand Oil & Gas says it should have been developing new oil fields by now as reserves at its producing assets dwindle.
Does saying sorry cut it when they have done nothing for 5 years?
http://www.nzherald.co.nz/business/n...ectid=11115275
Too busy flying around the world (Indonesia, Tunisia, Mongolia, US, Australia etc) looking for great opportunities.
Watch them spend all that lovely loot $$$$ in the bank while they 'search' for new reserves.
It's all for you shareholders, see?