Yeah one of the reason's If your after yield your better of just buying solid NZX companies over ASX....
Printable View
RE; 2014 Portfolio Am i missing some thing here, Management been trying desperately to farm out for the last 2-1/2 years plus dishing up some other diverse spin.
Been also looking to improve reserves and new revenue generating ventures for god knows how long now, with zilch results.
At least the S/Price still frozen in the same old range and looks to be there for a long time yet.
At least they hope the S/H wont grill them to much till after the the AGM with the recent Div. and this glowing Portfolio announcement.
Some people have very short memories or is it my defect that mine is tooo long.
Lets go back to a time long ago before TUI was discovered. Growing the company then was also the theme song and just before TUI there was a string of failures. After Hochstetter for those that have that long of memory the board discussed if they could carry on as a company. Carry on they did but only by going back to shareholders in a cash raising.
So my point here is that our finances now are so healthy that while a dry well will always be disappointing it will not be a company breaker. Now we have the reverse situation that the company pays dividends back to shareholders and can drill even if all turns to dust. But lets be positive and just think of the effect on NZO if even one of these four drills comes in.
America,s cup or NZO---which is the more exciting.
Cheers
America,s cup or NZO---which is the more exciting.
Cheers[/QUOTE]
Surly Digger you mean NZs Cup.
Striking ratio used to be 1 in 10 for Oil-wells, according to nzo
1 in 4 would indeed be exciting.
How many wells drilled is it since NZO hit oil ? Suspect it would add up to 10, especially including these 4.
Does that mean we are about to hit oil ?
they have oil shows in both of their Indonesian wells ...... sooo..... with some luck.........
At last there is going to be some drilling activity in NZ, and not just NZO. There some big name companies coming down here over the next couple of years. NZ is a long way to bring these rigs so I really hope that someone makes a decent strike, or NZ could be pretty much forgotten about. Even better if it is NZO that pulls it off.
it seems they missed their weekly drill report.......
i thought this was a mandatory disclosure?
so... at this point 2 wells drilled and no news.
There must also be some news due soon about timing for NZ drills